Stetson Oil & Gas Ltd.
TSX VENTURE : SSN

Stetson Oil & Gas Ltd.

January 10, 2008 17:30 ET

Stetson Announces Staff Additions and Grants Options

CALGARY, ALBERTA--(Marketwire - Jan. 10, 2008) - STETSON OIL & GAS LTD. ("Stetson" or the "Company") (TSX VENTURE:SSN) - is pleased to announce that it has made several key additions to its staff and granted stock options to management, directors and consultants.

Dan Moore (P. Eng.) has joined Stetson in the position of Vice President of Engineering. Mr. Moore graduated from the University of Alberta in 1994 with a B.Sc. degree in Mechanical Engineering. Mr. Moore brings with him a with successful track record with junior oil and gas companies and a solid background in all aspects of the engineering function including operations, reservoir exploitation and optimization and production and facilities.

John Towell has been appointed to the position of Land Manager. Mr. Towell is a Landman and lawyer with over 25 years of experience in the oil and gas industry. John has worked in senior capacities with several industry majors as well as holding positions in several junior companies. John holds a law degree from the University of Saskatchewan and is a member of the Canadian Association of Petroleum Landmen and the Law Society of Alberta.

The addition of these two individuals will allow Stetson to move forward with its business plan of generating and executing on oil and gas opportunities in Saskatchewan and Alberta.

Stetson also announces that it has granted a total of 1,940,000 options under the Company's Stock Option Plan. The options are exercisable at $0.30 per option and expire on January 10, 2013.

Stetson is an emerging junior oil and gas company with exploration, development, and production programs in Alberta and Saskatchewan.

STETSON OIL & GAS LTD.

Bill Ward, President & CEO

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