Spectral's Alberta Oil Asset Initial Results Outstanding

Spectral's Alberta Oil Asset Initial Results Outstanding
Company's first producing well performs in the top 1%

SEATTLE--(BUSINESS WIRE)-(27 March 2012) Spectral Capital Corporation, (FCCN.QB) (F3SN:F) announced today that preliminary production results for the first 30 days of production on its Alberta oil and gas property greatly exceeded both expectations and regional averages. The exceptional production results pave the way for Spectral's planned drilling program in 2012-2013.

'Now that our first well in our Alberta, Canada portfolio has 30 days successful production behind it, we are pleased to report that the results are simply outstanding. Our local operator partner tells us that this well is in the top 1% of vertical wells in the region. This impressive result is important not just because of the revenue that this well is producing for Spectral's shareholders, but also because it is an indication of the results Spectral is likely to see for its upcoming drill program on the property.' Concluded CEO Jenifer Osterwalder.

Spectral has acquired a 60% interest in its first Alberta, Canada oil field, which has one producing well and seven additional permitted drilling locations. Because oil in this region is a light, sweet crude that sells for a premium and because of the business friendly environment in Alberta, Spectral expects to continue to report rapid progress as it increases its Alberta oil portfolio and implements a drilling program on its existing property in the coming months. As the newly recompleted well continues to defy expectations, we look forward to results on each of our wells that equal or surpass the region's averages.

About Spectral
Spectral Capital Corporation acquires and develops natural resources projects worldwide. Spectral has a synergistic, balanced, mutually reinforcing growth strategy focused in three areas: Near Term: Acquisition of Cash Flow Producing Oil and Gas Properties; Medium Term: Development of a Substantial, Producing Oil and Gas Asset Portfolio and Long-Term: Large Scale Natural Resources Projects for Future Growth.
PRESS RELEASE FORWARD LOOKING STATEMENT: This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as 'expects,' 'will,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,' 'estimates,' and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact:
Spectral Capital Corporation
Jenifer Osterwalder
206-262-7820
contact@spectralcapital.com