Texas Gas & Oil Inc.

November 23, 2006 19:21 ET

Texas Gas & Oil Inc. Appoints a New Director

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 23, 2006) - Gerry Gill, Chairman and CEO of Texas Gas & Oil Inc. (TSX VENTURE:TXG), announces the appointment of Mr. William G. Dunford as a director of the Company. Mr. Dunford holds B.Sc. and M.Sc. degrees in Electrical Engineering and Machine and Power Systems from the University of London plus a Phd in Power Electronics from the University of Toronto. Mr. Dunford is presently an Associate Professor in the UBC Department of Electrical and Computer Engineering. Mr. Dunford's education and vast experience and credibility in both private industry and the academic community will greatly benefit the Company.

This release and referenced materials contain forward looking statements, within the meaning of the "safe-harbour" provisions of the Private Securities Act of 1995, which are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause actual results to differ materially include: rapid technological and/or market changes in the industry including actual electrical billing rates; the adequate protection of the Company's proprietary rights; and other factors described in the Company's regulatory filings. Although we believe the expectations reflected in our forward looking statements are reasonable, individual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

On Behalf of the Board of Directors

Gerry Gill, Chairman & Chief Executive Officer

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

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