SOURCE: North-West Oil Group

December 21, 2006 06:20 ET

The Christmas and New Year's Congratulation From the President of North-West Oil Group

MOSCOW -- (MARKET WIRE) -- December 21, 2006 --North-West Oil Group (PINKSHEETS: NWOG) The President of the North-West Oil Group Mr. Ernest Malyshev congratulates all with coming Christmas and New 2007 Year:

"At the end of the year we take a look back of what we have done, experienced and achieved. At the same time we make plans for the coming new 2007 year with the hope for more happy days and a more successful future.

"We made North-West Oil Group to that enterprise as it is presenting to all today: a dynamic, prosperous and expanding company which demonstrates the success of steady business progress. And I know that a much more successful future is awaiting us tomorrow. We shall put all our efforts in the future in order to increase capitalization of the company by the purchasing of the new assets and dynamic realization of the present and future projects.

"From the bottom of the heart we wish you and all your family good luck, strong health, happiness and let all your hopes and dreams come true!!!"

About North-West Oil Group (formerly Nord Oil International) North-West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NWOG on the U.S. Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA.

Important Information About 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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