Stetson Oil & Gas Ltd. (TSX VENTURE:SSN) welcomes Mr. Sam Yik as chief financial
officer of the company. The appointment of Mr. Yik follows the resignation of
Ms. Deborah Battiston as interim chief financial officer of Stetson. The company
would like to thank Ms. Battiston for her service.


Mr. Yik is a chartered accountant with over 20 years of diversified business
experience in areas of accounting, finance, corporate development, marketing,
and logistics, with focus primarily in the resource sector. Mr. Yik graduated
from the University of British Columbia and is a member of the Institute of
Chartered Accountants of British Columbia. Mr. Yik obtained his CA designation
while articling with the Vancouver office of KPMG and is also a member of the
CICA's (Canadian Institute of Chartered Accountant) Small Business Advisory
Group.


Mr. Yik has been directly involved in the resource industry for a number of
years and has held senior financial, commercial, and operational positions with
exploration and commercial production stage companies publically listed in
Canada and the United States. Mr. Yik also spent 11 years with a large public
petro-chemical company, where his roles served increasing responsibilities in
reporting, marketing, logistics, and commercial management in an international
setting.


About Stetson Oil & Gas Ltd.

Stetson is a junior oil and gas company with exploration, development, and
production programs in Saskatchewan and Alberta, Canada and North Dakota, USA.


Cautionary Note Regarding Forward-Looking Information: This press release
contains "forward-looking information", within the meaning of applicable
Canadian securities legislation. Forward-looking information includes, but is
not limited to, statements with respect to the appointment of new officers of
the Company. Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results to be
materially different from those expressed or implied by such forward-looking
information, including but not limited to: general business, economic,
competitive, political and social risks and uncertainties; risks relating to oil
and gas exploration and exploitation activities; oil and gas prices; transaction
risks; and delays in obtaining regulatory approvals. Although Stetson has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information. Stetson does not undertake to update
any forward-looking information, except in accordance with applicable securities
laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Stetson Oil & Gas Ltd.
Ahmed Said
President & CEO
+1 (403) 441-1160
asaid@forbesmanhattan.com