Phoenix Oilfield Hauling Inc.
TSX VENTURE : PHN

Phoenix Oilfield Hauling Inc.

June 04, 2007 14:01 ET

Phoenix Oilfield Hauling Inc. Provides Update on Acquisition Activity

NISKU, ALBERTA--(Marketwire - June 4, 2007) - Phoenix Oilfield Hauling Inc. (TSX VENTURE:PHN)

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On May 8, 2007 Phoenix announced that it was in active discussions to acquire a privately held Alberta based company. Phoenix confirmed today that it has terminated such discussions.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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

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