SOURCE: North-West Oil Group

November 29, 2007 06:25 ET

North-West Oil Group Inc. Updates the Intended Program of Compensating Shareholders

MOSCOW--(Marketwire - November 29, 2007) - North-West Oil Group Inc. (PINKSHEETS: NWOL) today announced an update on the intended program of compensating shareholders. The program was elaborated by the Board of Directors at its last meeting held on November 19, 2007. It was disclosed in the press release of November 21, 2007.

The aim of the compensation program is to compensate those shareholders who purchased and continue to hold shares of the Company's common stock and believe in its prospects. The Company intends to issue additional shares in favor of its shareholders either through a forward stock split or dividend distribution of shares.

This decision is based on the aspiration of the management of NWOG Inc. to compensate the shareholders who incurred losses in the period of the merger. The management of the company commissioned its Consultants, responsible for this issue, with preparing all the necessary documents. The details of the mechanism of this procedure will be announced in the nearest time.

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 NWOL.PK on the U.S. Pinksheets market.

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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