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To: Chris K. who wrote (80783)	2/23/2001 11:38:49 AM
From: DADEPFAN	Respond to of 150070

ASPG - More good news... ========================== Aspen Group Lists on the Toronto Stock Exchange; -Common Shares to Trade Under Symbol ASP- February 23, 2001 09:28:00 AM ET OKLAHOMA CITY, Feb. 23 /PRNewswire/ -- Jack E. Wheeler, CEO of Aspen Group Resources Corporation, (OTC Bulletin Board: ASPG, CDNX: YAP), today announced that the Company's common shares will be listed and begin trading on the Toronto Stock Exchange (TSE) on Monday, February 26, 2001 under the symbol "ASR". "The move to the Toronto Stock Exchange is part of our overall growth strategy and will provide Aspen a platform for increased visibility in the investment community", stated Mr. Wheeler. "Aspen has produced exceptional results quarter after quarter by building an outstanding management team and focusing on a proven business model that reduces risk and maximizes results. We look forward to being part of the Toronto Stock Exchange, which has historically been a great home for resource companies." As a result of the TSE listing, Aspen will de-list its common shares from the Canadian Venture Exchange (CDNX) within 30 days of the commencement of trading on the TSE. Aspen Group Resources Corporation is an Oil and Gas Exploitation, Production and Development company based in Oklahoma City. The Company currently owns interests in over 1450 wells located in eleven states with a predominant focus in Oklahoma, Kansas and Texas. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Additional information on Aspen Group Resources Corporation is available from: Kevin O'Connor Director of Corporate Communications 877-775-8734 X266 koconnor@asgrc.com -or- Terri Smith Director of Investor Relations 817-688-7589 tsmith@asgrc.com Or visit the Company website @ www.asgrc.com The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. © 2001 PRNewswire