Oilexco to Begin Trading on Toronto Stock Exchange

Oilexco Incorporated (TSX VENTURE: OIL; AIM: OIL) reports that the Company's Common Shares and Common Share Purchase Warrants will be listed and commence trading on the Toronto Stock Exchange at the opening on Wednesday, June 29, 2005, under the symbols "OIL" and "OIL.WT".

Oilexco also advises that after Tuesday, June 28, 2005 there will be no further trading of the Company's Common Shares and Common Share Purchase Warrants on the TSX Venture Exchange, and that these shares and warrants will be delisted from the TSX Venture Exchange at the commencement of their trading on the Toronto Stock Exchange.

Oilexco is listed on the Alternative Investment Market of the London Stock Exchange plc ("LSE-AIM") and the TSX Venture Exchange ("TSX-V"), trading under the symbol OIL.

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