BMB Munai Appoints New Chief Operating Officer

BMB Munai announces that Mr. Gamal Kulumbetov has been appointed as the Company's Chief Operating Officer by the Company's board of directors. Mr. Kulumbetov joined the Company in December 2005. Prior to joining the Company, Mr. Kulumbetov was the chief geologist of Big Sky Energy Corporation.

Mr. Kulumbetov graduated with a BS degree from the Department of Oil and Gas Geology of the Kazakh National Technical University in 1997 and is currently pursuing a PhD. from the same university. Mr. Kulumbetov has also received training various oil and gas and geological courses sponsored by Japan National Oil Corporation, MI Drilling Fluids LLC, of Germany, Chevron Texaco of Houston, Texas, the Petroleum Industry Training Center of Almaty, Kazakhstan, and Ernst & Young Company of Almaty, Kazakhstan. Mr. Kulumbetov's experience also includes working for Halliburton as a Surface Data Logging Engineer and Tengizchevroil Fields Development Project as a Deputy Manager.

BMB Munai is an independent oil and gas company engaged in the exploration, development and production of crude oil and natural gas in western Kazakhstan. The Company maintains administrative offices in Salt Lake City, Utah and Almaty, Kazakhstan.