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Warrant Symbol - OIL.WT
Number  Trading - 7,922,350
Expiration Date - Dec. 22, 2005
Cusip - 677909 11 1

Warrants called to trade news

Oilexco warrants to begin trading Jan. 21

2004-01-20 20:24 ET - Warrants Called to Trade
Effective at the opening Wednesday, Jan. 21, 2004, the 7,922,350 warrants issued
pursuant to the company's prospectus offering dated Dec. 5, 2003, will commence
trading on the TSX Venture Exchange. The company is classified as an oil and gas
extraction company.

Corporate jurisdiction:  Alberta
Capitalization:  7,922,350 warrants with no par value of which 7,922,350 warrants
are issued and outstanding
Transfer agent:  Computershare Trust Co. of Canada
Trading symbol:  OIL.WT
Cusip No.:  677909 11 1

The warrants were issued pursuant to the company's prospectus offering dated
Dec. 5, 2003. Each warrant will entitle the holder to purchase one common shares
at a price of $1.65 per share and will expire on Dec. 22, 2005.

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