North-West Oil Adds of New VP, Finance and Economy

North-West Oil Group Inc. has added Mr. Artos Sarkisyants to the company's management team. Sarkisyants will hold the title of Vice President of Finance and Economy where he will be responsible for interacting with banks and investment funds on behalf of the company.

Sarkisyants, a highly qualified specialist in macroeconomics and financial analysis with reputable experience in the banking sector, comes to North West Oil Group Inc. with over 25 years of experience. Prior to joining North West Oil Inc., he served as Deputy Head of Corporate Business Department at Bank GLOBEX, the Head of the Analytical Department at All-Russian Regional Development Bank and prior to that, he was Head of Department of International Economic & Financial Institutions for the Ministry of Finance of the Russian Federation. His education includes Moscow State University, Moscow Academy of Finance, American International University (Springfield, USA). He holds a Ph.D. (Economics) and is an author of books and more than 200 articles (including foreign editions).

Mr. Malyshev, President of North West Oil Group Inc., stated, "We're pleased to welcome Artos to our management team. We believe his experience and reputation in the finance industry will serve us well as we continue to focus on executing our business plan and building shareholder value."