Oilexco Adds to Management Team

Oilexco has appointed William H Smith QC as Executive Vice President and General Counsel, reporting to the CEO, effective October 1, 2007. Mr. Smith practiced law for 30 years, the last 20 of which were with McCarthy Tetrault LLP in its Calgary office, where he remains as counsel. He has significant experience in debt and equity finance and corporate transactions, and has represented many companies involved in international business. He is also a director of several public and significant private businesses, including serving as a director of Oilexco since 2005.

"We are pleased to have Bill join our growing Company. We have worked with him as legal counsel for many years in the corporate finance area and as a director. As Oilexco continues its development, we will continue to add experienced personnel to our top notch teams to take advantage of the many opportunities which lie ahead." said Arthur Millholland, Chairman and CEO of the Company.

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