Replies to post #3805 on Aspen Group Resources (ASRPF)

[SergeantFriday]

Aspen Group and Crusader to Close U.S. Asset Sale on October 8, 2004
13:23 EDT Thursday, September 30, 2004



OKLAHOMA CITY, OKLAHOMA--(CCNMatthews - Sept. 30, 2004) - Aspen Group Resources Corporation (TSX:ASR) ("Aspen" or the "Company") and Crusader Energy Corporation ("Crusader") today announced that the purchase of Aspen's U.S. assets by Crusader, announced July 7, 2004, will close on October 8, 2004. The closing was originally scheduled for October 1, 2004 and has been rescheduled with the consent of both Aspen and Crusader.

Crusader Energy Corporation is an Oklahoma-based production and development company funded by an equity investment made by Kayne Anderson Capital Advisors, L.P. and David D. LeNorman.

Aspen Group Resources Corporation is an independent oil and natural gas producer engaged in the acquisition, exploration, and development of oil and natural gas properties in North America. Aspen's shares trade on The Toronto Stock Exchange under the symbol "ASR".

Portions of this document include "forward-looking statements", which may be understood as any statement other than a statement of historical fact. Forward-looking statements contained in this document are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from management's expectations and projections expressed in this document. Certain factors that can affect the Company's ability to achieve projected results are described in the Company's Annual Report on Form 20-F and other reports filed with the Securities and Exchange Commission. Such factors include, among others, production variances from expectations, uncertainties about estimates of reserves, volatility of oil and gas prices, the need to develop and replace reserves, the substantial capital expenditures required to fund operations, environmental risks, drilling and operating risks, risks related to exploratory and developmental drilling, competition, government regulation, and the ability of the company to implement its business strategy.

FOR FURTHER INFORMATION PLEASE CONTACT:

Aspen Group Resources Corporation
Kevin O'Connor
1-877-775-8734
Email: [e-mail]
Website: www.aspengroupresources.com

[DADEPFAN]

Thanks for the info 403...

8^)

Dave D