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Arctic Oil & Gas Energy Industry Consultant to Meet With Alternative Energy Specialists

LAS VEGAS, NV--(April 3, 2008) - Arctic Oil & Gas (PINKSHEETS: AOAG), a petroleum exploration company, scheduled meetings with alternative energy and environmental specialists, who will arrive from meetings in Europe. The Company has scheduled a series of meetings with these experts for the week of April 7th with the intent of asking that two of the individuals join the Arctic advisory board.

The potential board members bring unique expertise and are fluent in the advantages of oil and gas companies working hand-in-hand with alternative energy experts. They are also expected to be able to ensure that Arctic's position regarding environmental impact in the Arctic will be solid and able to withstand any potential criticism, since the Company intends to make its development "environmentally friendly."

Peter Sterling, Arctic CEO, stated, "We are excited about these meetings that have been planned for several weeks and we have waited for these individuals to return to the United States from lengthy meetings in Europe. We believe that they will help our company establish credibility regarding our safe development of the 'Arctic Commons' hydrocarbon resources. In addition, they believe that in the process of our developing the hydrocarbons, we can also produce additional alternative energy, which will create another revenue stream for the Company."

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.

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and 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.