Giant Oil & Gas Inc.
OTC Bulletin Board : GGSIF

Giant Oil & Gas Inc.

November 26, 2007 09:30 ET

Giant Oil & Gas Announces Plans to Initiate 3D Seismic on Highvale Project

CALGARY, ALBERTA--(Marketwire - Nov. 26, 2007) - Giant Oil & Gas Inc. (OTCBB:GGSIF) is pleased to announce that it has engaged a Calgary-based firm to assist in the permitting and execution of a 3D Seismic program on its 100%-owned Highvale Project.

Our Highvale Project is located in the Tomahawk/Highvale area of west central Alberta. The area is known for its under-explored multi-zone oil and gas potential along with highly prospective formations including a Nisku interior patch reef oil trend, a zone which is of primary interest to us. The majority of the area is accessible year round.

"3D seismic is an essential tool in identifying targets in the Nisku interior patch reef oil trend, and we are confident that our 100%-owned Highvale Project gives us a significant presence in this highly exciting oil and gas play. We will be releasing information further to this in the coming weeks," said Mr. Rob Sandhu, president.

Giant Oil & Gas is a trademark of Giant Oil & Gas Inc. This announcement contains forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, risks related to petroleum exploration, limited access to operating capital, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in Giant's filings with the Securities and Exchange Commission which may be accessed through the SEC's web site at http://www.sec.gov.

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