Giant Oil & Gas Inc.
OTC Bulletin Board : GGSIF

Giant Oil & Gas Inc.

October 30, 2007 16:00 ET

Giant Oil & Gas Announces Appointment of New President and Board Changes

CALGARY, ALBERTA--(Marketwire - Oct. 30, 2007) - Giant Oil & Gas Inc. (OTCBB:GGSIF) is pleased to announce that Mr. Rob Sandhu has been appointed president of the company. Mr. Sandhu is an oil and gas drilling specialist who has worked as a professional petroleum driller for companies such as Precision Drilling and the Haliburton Group. Mr. Sandhu has extensive field drilling experience throughout Alberta. He received his technical training from the Southern Alberta Institute of Technology in Calgary.

"I am confident that Giant Oil & Gas is firmly positioned as a dynamic full-cycle exploration company. We have assembled a strong team and a high-impact project portfolio. We are well positioned to dramatically increase shareholder value," said Mr. Sandhu.

Resigning as president of Giant Oil & Gas Inc. is Robert Coale, however Mr. Coale remains with the company as a director. "I am pleased to invite Rob onto our team, and have great confidence in the vision and expertise that is now in-house as we continue to create value," said Mr. Coale.

Giant Oil & Gas is a trademark of Giant Oil & Gas Inc. This announcement contains forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, risks related to petroleum exploration, limited access to operating capital, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in Giant's filings with the Securities and Exchange Commission which may be accessed through the SEC's web site at http://www.sec.gov.

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