West Siberian Resources Anticipates Alliance Oil Company Merger

The prospectus drawn up by West Siberian Resources Ltd in connection with the merger with Alliance Oil Company and the proposed listing of 1,783,540,968 Swedish depository receipts (SDRs) in West Siberian on the OMX Nordic Exchange Stockholm, has been approved and registered by the Swedish Financial. The SDRs that will be issued to the shareholders of Alliance Oil Company in connection with the merger are expected to be listed on or about April 10, 2008.