FEC Resources Inc. Announces 2008 Annual Filings Under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities

CALGARY, Alberta, May 13 /PRNewswire-FirstCall/ -- FEC RESOURCES INC. (OTC Bulletin Board: FECOF, Frankfurt/Munich: FE8) ("FEC") wishes to advise that it has filed its Form 51-101F1 – Statement of Reserves Data and Other Information, Form 51-101F2 – Report of Independent Qualified Reserves Evaluator and Form 51-101F3 – Report of Management and Directors for Oil and Gas Activities under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. The filings can be accessed electronically from the SEDAR system at www.sedar.com.

FEC Resources Inc. holds a diverse portfolio of oil, gas, and gold assets located in the Philippines through its shareholdings in Forum Energy Plc and Lascogon Mining Corporation.

This release contains "forward looking statements" as per Section 21E of the US Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Management is currently reviewing many options and there is no assurance that they will not make decisions other than those now contemplated. The Company is subject to political risks and operational risks identified in documents filed with the Securities and Exchange Commission, including changing and depressed oil prices, unsuccessful drilling results, change of government and political unrest in its main area of operations

For more information please call (403) 290-1676 e-mail [email protected] or visit the FEC Resources website at www.FECResources.com

SOURCE FEC Resources Inc.