Giant Oil & Gas Inc.
OTC Bulletin Board : GGSIF

Giant Oil & Gas Inc.

November 14, 2007 12:07 ET

Giant Oil & Gas Reports on 100%-Owned Suffield Project, Alberta

CALGARY, ALBERTA--(Marketwire - Nov. 14, 2007) - Giant Oil & Gas Inc. (OTCBB:GGSIF) is pleased to report on its 100%-owned Suffield Project in Alberta.

"Our 100%-owned Suffield Project consists of more than 5,200 acres in the center of one of the largest petroleum-producing regions in North America. The Suffield area is known for its prolific gas production and also heavy oil. In a larger sense, the area itself sits within an area of gas fields covering several thousand square kilometers, with more than 50,000 wells currently in production," says Mr. Rob Sandhu, president.

The company has identified several targets and is expecting to commence active exploration, with a more detailed update to be released in the coming weeks.

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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