SOURCE: North-West Oil Group

November 23, 2007 07:58 ET

President of the Company Calls for Investors to Share Their Questions

MOSCOW--(Marketwire - November 23, 2007) - North-West Oil Group Inc. (PINKSHEETS: NWOL) announced today that a decision has been made by the Company's management to substitute traditional conference calls with a new form of communication.

The Company hence expects to receive e-mails from its investors stating clearly the questions that the latter are most concerned with. An appropriate press release will come out then, providing the answers of Mr. Malyshev, President of North-West Oil Group Inc., to all the questions received.

Mr. Malyshev stated: "I firmly believe that this new practice of communication with the people who invested in the Company will allow us to avoid misunderstandings and ambiguities, which dishonest shareholders make use of in their speculative interests. Furthermore, it will attribute more transparency to the information provided by the Company as all the answers will be published and available for examination."

The Company anticipates to initiate this new practice early in December. Investors are therefore most welcome to share their questions starting from today. E-mails for contact: szng@szng.ru; sazonova@szng.ru

As stated in the press release of November 21, it also remains the Company's intention to cover the losses of shareholders incurred at the time of the merger. The President assured in his turn that honest shareholders will be compensated for their losses in a due way. According to Mr. Malyshev, the Company is ready to legally detect dishonest shareholders and start a trial against them.

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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