KOKO Petroleum, Inc.

KOKO Petroleum, Inc.

October 03, 2005 16:30 ET

KOKO Petroleum Inc.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 3, 2005) - KOKO Petroleum Inc. (PINK SHEETS:KKPT) -

The Company presently has working interests in four producing wells in the Corsicana area in Texas.

The Hill #1 well was recently completed and the Company is awaiting final production testing which is currently underway.

KOKO are in negotiation for additional leases in the Corsicana area which may have potential chaulk formations. We have engaged legal counsel to examine the lease titles. The chaulk formations are very prolific and have been one of the largest production zones in this area over the past several years.

KOKO has a percentage interest for the title to the Pecan Gap to the base of the Woodbine structures on approximately 1000 acres. We have the potential to drill approximately 30 to 50 Pecan wells on this acreage.

In addition, we are in discussions with a major title holder to conduct a joint extensive seismic survey on this and other acreage to determine the existence of deeper structures for potential exploration.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.

Ted Kozub, President and Chief Executive Officer

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