SOURCE: North-West Oil Group

November 21, 2007 10:45 ET

President of North-West Oil Group Inc. Makes a Declaration Regarding the Share Price

MOSCOW--(Marketwire - November 21, 2007) - North-West Oil Group Inc. (PINKSHEETS: NWOL) today announced that Mr. Ernest Malyshev, President of the Company, made a declaration today regarding decrease in the share price.

Mr. Malyshev stated: "I am discontent with the situation when the share price is going down because of speculators' actions. The management of the Company is carrying out active work in order to prove the real value of the Company and, consequently, support and contribute to share price increase. In case this situation doesn't change, and dishonest shareholders don't cease their speculative operations, we shall be obliged to end trading and address appropriate institutions to bring to justice persons who participate in these operations."

In its turn the Board of Directors of the Company, at its last meeting, worked out the program for compensating the losses, incurred by honest shareholders in the period of the merger. The details of this program will be announced in a press release next week.

About North West Oil Group Inc. (formerly Nord Oil International): North West Oil Group is Inc. a publicly traded Oil & Gas company trading under the ticker symbol "NWOL" on the U.S. Pinksheets market.

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