Mooncor Oil & Gas Corp.

Mooncor Oil & Gas Corp.

December 03, 2007 10:54 ET

Mooncor Hires Michael Collins To Head Up Exploration Program

CALGARY, ALBERTA--(Marketwire - Dec. 3, 2007) - Darrell Brown, President and CEO of Mooncor Oil & Gas Corp. (the "Corporation")(TSX VENTURE:MOO) is pleased to announce the hiring of Michael Collins, P. Geol., B.Sc. (Geology), M.Sc. and B.Sc. Hons. (Zoology) as the Corporation's Vice-President-Exploration.

Mr. Collins is a Professional Geologist with more than 22 years of oil and gas experience, primarily involved in exploration and development in Alberta, Saskatchewan, British Columbia and northern Canada, and associated with the discovery of several million barrels of recoverable oil and over 250 BCF of natural gas in both clastic and carbonate reservoirs. Mr. Collins' technical expertise and experience will complement and enhance Mooncor's core area projects. Mooncor's management is also quite excited about the potential of the oil exploration and exploitation projects that Mr. Collins is presenting to the Corporation.

Mr. Collins most recently worked at Pioneer Canada Inc., where he drilled and re-completed over 120 wells in projects similar in scope to Mooncor's Lonestar prospect. He also mapped Pioneer's Viking and coalbed methane ("CBM") plays and initiated their shale gas investigations on several prospects. This experience will strengthen the Corporation's technical expertise for both its Crossfield CBM/Channel Sands exploitation and potential Viking/Devonian exploration play at Crossfield and its shale gas exploration at Whitehill Lakes. Further experience in the CBM sector was obtained during his tenure at Anderson Exploration Ltd., where he initiated the Anderson CBM team and was a participant in their unconventional gas team.

Mr. Collins also spent time at Lightning Energy Ltd., Canadian Occidental Petroleum Ltd., Crestar Energy Ltd. and Dome Petroleum Limited. At Dome, he was involved in the discovery of over five million barrels of heavy and conventional crude oil, further strengthening Mooncor's expertise on both its heavy oil prospect at Whitehill Lakes and light oil plays at Woodbend and Lonestar.

Mooncor Oil & Gas Corp is a junior oil and gas exploration and development company that has recently changed its short term focus to oil. The Corporation will concentrate on exploiting its three light oil prospects, its heavy oil exploration play at Whitehill Lakes and other oil projects under evaluation.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although the Corporation believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. The Corporation disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Shares Outstanding: 57,061,150

Closing Price - November 30, 2007: $0.13

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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