Tekoil & Gas Announces New Board Appointment and Promotion

Tekoil & Gas Corporation has appointed Executive Vice President Michael Vosbein to the board of directors. Vice President of Corporate Relations Donna Parsons has been promoted to president of Canadian operations.

"Mike Vosbein has done an outstanding job in both our Galveston Bay production properties and in our exploration interests in western Newfoundland during 2007," said President & CEO Mark Western. "The board feels that his objectivity combined with 37 years of diversified oil and gas exploration and production experience will add tremendous value to our strategic decision-making process as the company grows."

Western said that "Donna Parsons has done such an outstanding job since joining the company in June of 2006 and is regarded by the Board as invaluable. Donna has demonstrated over and over her commitment to Tekoil, and her commitment to her role in the Province of Newfoundland & Labrador. She has a tremendous grasp of our mission, the needs of the company and the needs of the Province in what promises to be an exciting and meaningful part of the company's focus in the years to come."

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