Royalite Petroleum Company, Inc.: Royalite Petroleum Company Inc. Plans to Drill Initial Utah Exploration Well

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BLAINE, WA (MARKET WIRE) Royalite Petroleum Company, Inc. (OTCBB: RYPE) ("Royalite") has been issued its first drilling permit to drill a 8,500 ft. exploratory well on the Royalite State 16-1 prospect located in northern Piute Co., Utah and anticipates spudding the well on or before March 12, 2007. The well is located approximately 28 miles southwest from the nearest production in the giant Covenant field located in Sevier County. The

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