SOURCE: North West Oil Group

March 22, 2007 13:30 ET

/ CORRECTION - North West Oil Group

MOSCOW -- (MARKET WIRE) -- March 22, 2007 -- In the news release, "The President of the North West Oil Group Mr. Ernest Malyshev Will Answer Questions on March 22, 2007," issued Tuesday, March 20, 2007, by North West Oil Group (PINKSHEETS: NWOG) (FRANKFURT: CXIA), we are advised by the company that Mr. Ernest Malyshev will receive telephone calls from investors on March 22, 2007 from 10.00 till 12.00 EDT rather than "10.00 till 12.00 PST" as originally issued. Complete corrected text follows.

The President of the North West Oil Group Mr. Ernest Malyshev Will Answer Questions on March 22, 2007

MOSCOW -- March 20, 2007 -- The president of the North West Oil Group (PINKSHEETS: NWOG) (FRANKFURT: CXIA) Mr. Ernest Malyshev will receive telephone calls from investors on March 22, 2007 from 10.00 till 12.00 EDT. Phone number for connection is +7 (495) 621 11 15. We kindly ask the investors to formulate their questions particularly and briefly.

About North West Oil Group (formerly Nord Oil International): North West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NWOG on the U.S. Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

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