North West Oil: Documents for the Credit Department of the Bank to Make a Decision on the Financing of the Purchase of "Saratovneftegeofizika" Prepared

North West Oil Group (PINKSHEETS: NWOG) announces that related bank structures have prepared all the documents necessary for the credit department of the bank to make the decision on the financing of the purchase of "Saratovneftegeofizika." The decision will be made within 60 days. A preliminary confirmation of the credit department on the appropriation of $45 million on the basis of the feasibility study has been received, which can be found on our website http://szng.ru/nov_e.html or http://www.szng.ru/feasibilitystudy.zip. In case of a favourable decision in respect of the purchase of "Saratovneftegeofizika," the asset in question will be made part of NWOG Inc. with a view to increase Company capitalization necessary for accessing alternative stock markets.

About North West Oil Group (formerly Nord Oil International): North West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NWOG on the U.S. Pinksheets market.

Important Information About 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.

---