JED Oil Inc.
AMEX : JDO

JED Oil Inc.

July 18, 2005 08:45 ET

JED Oil Inc. Announces Filing of JMG Exploration, Inc. Registration Statement

CALGARY, Alberta--(CCNMatthews - Jul 18, 2005) -

JED Oil Inc. (AMEX: JDO) ("JED") announced today that JMG Exploration, Inc. ("JMG"), an affiliate of JED, recently filed a registration statement with the Securities and Exchange Commission ("SEC") to register for public sale 1,900,000 units ("Unit(s)") of JMG's securities at USD $5.10 per Unit.

As a part of the offering, and subject to U.S. state and Canadian provincial law, JED shareholders of record on February 1, 2005 ("Record Date") have been granted the right to purchase one Unit for each five shares of JED owned on the Record Date.

JMG has mailed a preliminary prospectus and an indication of interest form to JED shareholders as of the Record Date. Those shareholders interested in purchasing Units have been asked to complete the indication of interest form and forward it to JMG by July 25, 2005. Returning the form to JMG does not obligate the shareholder to purchase Units. The offer and sale of the Units will only be made by the prospectus, and then only when the prospectus is declared effective by the SEC and by state and provincial authorities.

JED shareholders as of the Record Date who have not received a preliminary prospectus and indication of interest form may contact JMG directly at the address below.



JMG Exploration, Inc.
Attention: Sarah Twelvetree
Phone (403) 213-2502
Fax (403) 263-5360
E-mail address: stwelvetree@jedoil.com
Suite 2600, 500 - 4th Avenue S.W.
Calgary, Alberta, Canada T2P 2V6



JMG MAY NOT SELL THE UNITS UNTIL THE REGISTRATION STATEMENT FILED BY IT WITH THE SEC IS DECLARED EFFECTIVE. THE ABOVE IS NOT AN OFFER TO SELL THESE SECURITIES NOR IS IT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE OR PROVINCE IN WHICH THE OFFER OR SALE IS NOT PERMITTED.

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