ONA Energy Inc.
CNQ : OEIX
FRANKFURT : O3X

ONA Energy Inc.

December 27, 2007 11:33 ET

ONA Energy Welcomes Mahmoud Aziz to the Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 27, 2007) - ONA Energy Inc. (CNQ:OEIX)(FRANKFURT:O3X) pleased to announce that Mahmoud Aziz has joined the Board of Directors of the Company.

Mr. Mahmoud S. Aziz is President & CEO of SinoPharm Inc. and Sino Pharmaceuticals Corporation. In addition, he is the Chairman and President of The Fazio Group of Companies, a well established and diversified multinational organization, comprising 32 companies, which is actively engaged in diverse manufacturing, international trade, shipping & transportation, bonded warehousing & distribution, real estate construction & development, ship-building, bio-fuels & alternative energy development, venture capital and financial investments. With headquarters in Hong Kong and regional offices and operations in 18 countries, covering four continents, The Fazio Group employs over 4,800 people worldwide.

Having lived in China for twelve years and conducted business there since 1983, Mr. Aziz brings to ONA substantial Chinese business experience and knowledge. He has established four successful joint-ventures in China, in addition to the development and construction of a 68 storey office/residential/commercial plaza in Shenzhen, China. In 2001, he was awarded the Foreign Expert's Award for his services, contribution and expertise to China.

ONA Energy Inc. (www.onaenergy.com) is a Canadian-based international energy company focused on the acquisition and development of power generation and oil & gas projects.

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporations control which may cause actual results, performance or achievements of the corporation's to be materially different from the results, performance or expectation implied by these forward looking statements. In particular there is no guarantee that the company will be able to complete the acquisition of an interest in the Yongxing power plant project, or raise the funding required to acquire its interest.

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