SOURCE: Oxbow Resources Corp

April 29, 2008 13:05 ET

Oxbow Resources Heads to the OTC Bulletin Board

Moore & Associates Engaged to Audit Company Financials

DOVER, DE--(Marketwire - April 29, 2008) - Oxbow Resources (PINKSHEETS: OXWR), a company that is using innovative geological concepts and exploration technology to discover new gold and silver resources in well-established mineral belts, today announced that it has signed a letter of engagement with Moore & Associates to audit the company's financials. Moore & Associates will audit the past two years of financials in preparation for bringing the company to the OTC Bulletin Board.

Leonard D. Fong, President and CEO of Oxbow Resources stated, "We have confirmed with Moore & Associates that they are confident the audit of the company's financials will be completed by the end of May. With a company such as Oxbow Resources, where we are working to develop and aggressively explore a portfolio of mineral properties globally, we believe that moving to the OTC Bulletin Board as soon as possible is essential for the company and our shareholders."

Upon completion and filing of the financial statements and approval of Form 10SB, Oxbow Resources will be in compliance with the amended NASD OTC Eligibility Rules 6530 and 6540. Once in compliance, Oxbow Resources then plans on working with Spartan Securities to file form 15c2-11 with FINRA to commence trading on the OTC Bulletin Board.

Oxbow Resources focuses on the acquisition and development of high-quality gold properties in North America and other continents. The company's flagship property is the Bristol Gold project located in British Columbia, Canada. This project has a very promising 43-101 report which can be viewed at the company website. Bristol Gold is located less than 20 kilometers away from the Bralorne-Pioneer gold mine --historically, the largest gold mine in western Canada.

Forward-Looking Statements

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Oxbow Resources Ltd. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

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