Arctic Oil & Gas Representatives Will Attend Offshore Technology Conference in Houston

LAS VEGAS, NV -- (MARKET WIRE) -- 04/11/08 -- Arctic Oil & Gas Corp. (PINKSHEETS: AOAG), a petroleum exploration company, will attend the Offshore Technology Conference (OTC) in Houston, Texas, May 5th to 8th. OTC is the largest energy conference in the world at which state-of-the-art technology is presented to top energy professionals.

Arctic Oil & Gas Corporation's (AOAG ) energy development will be technology-driven and most of the drilling will fall into the offshore classification. Company representatives will meet with the top providers of the necessary technologies in order to continue its preparation for exploration and drilling, using the most valuable and effective technologies, which should all be well-represented in Houston.

Founded in 1969, the Offshore Technology Conference is the world's foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. OTC is held annually at Reliant Center in Houston.

OTC ranks among the largest 200 trade shows held annually in the United States and is among the 10 largest meetings in terms of attendance. Attendance consistently exceeds 50,000, and more than 2,000 companies participate in the exhibition. OTC includes attendees from around the globe, with more than 110 countries represented at recent conferences.

Peter Sterling, AOAG's CEO, stated, "We are extremely excited about the OTC and expect our representatives and consultants to have developed newer, stronger relationships with the most critical technology providers. If you are interested in meeting with one of our representatives, please contact us."

The company also announced that Dr. Jonathan Bujak has resigned from its Advisory Board in order to meet publication deadlines for his book, provisionally titled "Climate Change and Global Warming: A Geological Perspective." Earlier this year, Dr. Bujak provided AOAG with data from his study on the Azolla interval in northern Alaskan, Canadian Beaufort and Chukchi Sea exploration wells for inclusion in their in-house assessment of Arctic petroleum resources.

This interval, which is a potential Arctic-wide petroleum source rock, was initially identified by the 2004 Arctic Coring Expedition (ACEX) in 50 million year old sediments from the Lomonosov Ridge in the central Arctic.

In return for accessing the study, AOAG agreed to consider Dr. Bujak's suggestion that AOAG set up and help fund a non-profit organisation tasked with preserving the Arctic native peoples and wildlife habitats. According to Dr. Bujak, "It is becoming increasingly evident that Arctic petroleum exploration is inevitable as these resources become depleted elsewhere. During the current transition towards renewable resources, the Arctic could provide some of the energy shortfall, but it is essential that the Arctic environment, including its native people and wildlife is safeguarded."

AOAG's CEO Peter Sterling strongly supported this view by stating, "Arctic Oil & Gas is committed to preserving the Arctic Environment and has agreed to set up 'The Arctic Foundation' as a non-profit charitable organisation that is totally independent from AOAG. Furthermore, AOAG has agreed to donate a portion of its pre-tax petroleum profits to the Foundation, and we hope that other companies bidding to explore in the Arctic Commons for petroleum resources will follow our example."

About Arctic Oil & Gas

Arctic Oil & Gas representatives have filed a claim with the United Nations General Assembly and the countries of Canada, Russia, United States of America, Norway and Denmark, claiming, as a responsible oil and gas development agent of the "common heritage of mankind," the sole and exclusive exploitation, development, marketing and extraction rights to the oil and gas resources of the seafloor and subsurface contained within the entire Arctic Ocean Common area beyond the exclusive economic zone of the Arctic Ocean's surrounding countries called the "Arctic Claims." The Company intends to operate as the "lead manager" tasked to create a multinational joint venture consortium of major oil companies, whose technology and managerial expertise will be vital to recovering the oil and gas from beneath the harsh, deep waters of the Arctic in an environmentally safe manner.

Please visit www.ArcticOAG.com

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks associated with oil & gas exploration risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation.

Investor Relations: Patrick Lowry Phone: 702.953.9688 Email: ir@arcticoag.com

2008-04-11 17:01:07 0334131 MARKETWIRE