SOURCE: North West Oil Group Inc.

October 02, 2007 12:04 ET

North West Oil Group Inc. Announces Reverse Stock Split

Retains New York-Based Special Council to Resolve Certain Issues, Discrepancies and Misrepresentations Made by Nord Oil and Its Management

MOSCOW--(Marketwire - October 2, 2007) - North-West Oil Group Inc. (PINKSHEETS: NWOG) today announced that its Board of Directors has approved a reverse stock split of North West Oil Group's common stock at a ratio of 1 for 100 shares effective at the opening of trading Tuesday October 2, 2007. Following the split, the Company's common shares will trade under the new ticker symbol (PINKSHEETS: NWOL).

The Company also announced today that it has retained the services of New York-based special council to resolve certain issues, discrepancies and misrepresentations made by Nord Oil and its management. The Company previously announced they have retained Jewett, Schwartz, Wolfe & Associates Certified Public Accountants to conduct a complete SEC audit according to GAAP standards for the two years of operations of 2006-07 and first quarter of 2008.

Mr. Malyshev, President of North West Oil Group Inc., stated, "Our financial results of the past year are proving the merit and strength of our business plan. The 1 for 100 reverse stock split is intended to enhance investors' visibility into the Company's profitability on a per share basis while also providing more useful information in making period-to-period comparisons. The Company also believes that a higher share price could broaden its appeal to a wider base of investors allowing it to potentially qualify for listing on a larger exchange, improving trading volumes and stockholder value."

Malyshev continued, "Although we continue to make great strides in an effort to create transparency and value for our shareholders, we're keenly aware that there is much more work ahead of us. With that said, the recent efforts to put the past behind us are providing great cause for optimism allowing us to focus solely on future growth opportunities which we view as extremely encouraging."

About North West Oil Group Inc. (formerly Nord Oil International): North West Oil Group Inc. is a publicly traded Oil & Gas company trading under the ticker symbol (PINKSHEETS: NWOL) on the U.S. Pinksheets market.

Forward-Looking Statements

All statements in this news release 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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