SOURCE: Xtreme Oil and Gas

March 16, 2010 09:00 ET

Xtreme Oil & Gas, Inc. Appoints New Board Member

PLANO, TX--(Marketwire - March 16, 2010) -  Xtreme Oil & Gas, Inc. (PINKSHEETS: XTOG) announced today the appointment of Mr. E.L. Shockey to the Company's Board of Directors. Mr. Shockey is a successful and experienced entrepreneur and executive who currently acts as a mentor for many of the companies in his investment portfolio. He will officially join the Board once the Company's Form 10SB has been declared effective by the SEC.

After completing his service in the U.S. Navy, Mr. Shockey entered the software industry and gained broad knowledge of military software and telephony applications while at GE, RCA, Raytheon, and Northern Telecom. He founded Computerware in 1978 and successfully developed and marketed a telephone company management system for shared tenant services. Computerware was bought by a venture capital fund in 1986. Mr. Shockey then founded Telecommunications Support Systems (TSS) to dispatch substitute teachers for schools. Its customers included 600 of the largest school districts in the U.S. and Canada. TSS was sold in 2000 and currently operates as eSchools Solutions, Inc.

Willard McAndrew, CEO of Xtreme, commented, "We are proud to announce that Mr. Shockey is joining our Board of Directors. He has a track record of success and innovation in multiple fields spanning five decades and will be a wonderful addition to Xtreme's strong and growing team."

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing commercial quantities of oil and gas from properties it owns and operates in Texas and Oklahoma.

The finding and development of oil and gas properties involve significant risks. Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company's ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company's financial results can be found in the Company's reports filed with the Securities and Exchange Commission.

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