Oilexco Begins Trading on Main Market of London Stock Exchange

Oilexco Incorporated (TSX:OIL) (LSE:OIL) reports that its common shares have been admitted to the Official List of the UK Listing Authority and have begun trading on the London Stock Exchange plc's main market for listed securities. Simultaneously, trading in the Company's common shares on the AIM market of the London Stock Exchange plc has ceased.

The Introduction was sponsored by Canaccord Adams Limited who also acted as joint corporate broker and joint financial advisor together with Merrill Lynch International.

A copy of the prospectus has been submitted to the Financial Services Authority for publication through the document viewing facility which is situated at The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. The prospectus is also available for viewing on the Company's website at www.oilexco.com and on the Canadian system for electronic document analysis and retrieval at www.sedar.com.

Oilexco is an oil and gas exploration and production company active in the United Kingdom. Oilexco's producing properties and exploration activities are located in the UK Central North Sea, specifically in the Outer Moray Firth and Central Graben areas. The Company currently has one wholly owned subsidiary, Oilexco North Sea Limited, a company registered under the laws of England and Wales. Oilexco also currently trades on the Toronto Stock Exchange (TSX) in Canada under the symbol "OIL".