SOURCE: North-West Oil Group

October 18, 2007 07:34 ET

North West Oil Group Inc. to Form Strategic Advisory Council

Board to Be Composed of Industry Experts Including Representatives of Both Russia and the United States

MOSCOW--(Marketwire - October 18, 2007) - North-West Oil Group Inc. (PINKSHEETS: NWOL) today announced that its Board of Directors intends to form a Strategic Advisory Council composed of both Russians and Americans for the purpose of corporate advisory and strategic planning.

The Strategic Advisory Council will consist of three energy related specialists from Russia and two representatives from the United States. The American representatives are expected to advise the company on both legal and financial matters. Upon compilation, its members are expected to provide advisory and guidance with regard to the company's current and future plans and direction. The company anticipates naming its members prior to the end of October.

Mr. Malyshev, President of North West Oil Group Inc. (PINKSHEETS: NWOL), stated, "We're very excited to be composing a talented team of industry experts for our Strategic Advisory Council. We expect these five hand selected individuals will play an important role in advising the company on how to further refine and execute its business plan. As we continue to seek and acquire new prospective acreage, drill new wells, ramp revenues and profits and manage investor expectations and communications, we expect we will come to rely on their respective skills and expertise to ensure we are operating consistently and diligently on behalf of all of our shareholders."

Mr. Malyshev further stated, "As also promised in our press release dated October 9th, it remains our intention to release the independent valuation report of 100% of shares of OOO 'North West Oil Group - Saratov' next Tuesday."

About North West Oil Group, Inc.

North West Oil Group Inc. is a publicly traded Oil & Gas company trading under the ticker symbol "NWOL" on the U.S. Pinksheets market.

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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