Tamm Oil and Gas Corp. Announces Acquisition of 100% Working Interest in 21 Sections in the Manning Area of Peace River

Tamm Oil and Gas Corp. Announces Acquisition of 100% Working Interest in 21 Sections in the Manning Area of Peace River

Tamm Oil and Gas Corp. is pleased to announce the Company has acquired 100% ownership of 21 contiguous sections of land totaling 13,440 acres in the Peace River Oil Sands Area of NW Alberta. The company acquired 100% working interest in mineral rights on these lands which are prospective for heavy oil in the Debolt, Elkton and other formations.

These Manning Area properties were acquired by Tamm Oil and Gas at a land sale in December 2007. Initial internal analysis indicates that these sections should hold prospective for significant amounts of heavy oil in the Debolt, Elkton and other zones.

“This is another major leap forward for Tamm. Our team has proven that it is very adept at locating and securing some of the most promising oil sands properties available. Over the last few months, we have managed to acquire direct and indirect ownership in 90 sections of leases and licenses. With oil prices hitting new record highs on a consistent basis, we have quickly positioned Tamm to potentially be a major player in the Canadian Oil Sands supply chain for years to come,” says Wiktor Musial, President of Tamm Oil and Gas.

The addition if the Manning Area Sections further enhances Tamm Oil and Gas’ position as a major up and coming player in Alberta’s exploding oil sands boom. The company’s consulting geologist believe that these properties have the potential to hold as much as 1.2 billion original barrels of oil in place between the various zones with the majority in two specific zones.

These estimates do not include any potential oil reserves with in the Bluesky formation, which the company intends to evaluate in the future.

“We plan on taking immediate steps to acquire all of the data necessary to begin exploring our new Manning Area properties. We are already working to acquire trade data seismic for the adjoining properties in an effort to analyze them for potential later acquisitions as well as to optimize our planned drilling/coring program. Our current plans call for a three to five well coring program with an additional 20 to 30 kilometer seismic program to supplement that coring data over the winter season of 2008-2009 to quantify the potential resource,” adds Musial.

For more information about Tamm Oil and Gas Corp. and its holding and operations, please visit the company’s website at: http://www.tammoilandgas.com.

Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward looking statements are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Actual results could differ materially from those projected in the Company’s proposed Oil and Gas related business. The Company’s business is subject to various risks, which are discussed in the Company’s filings with the Securities and Exchange Commission (“SEC”). The Company business is subject to various risks, which are discussed in the Company’s filings. Additional information on risks for the Company can be found in filings on Edgar of other junior oil and gas exploration companies with the US Securities and Exchange Commission. The Company’s filings may be accessed at the SEC’s Edgar system at http://www.sec.gov. No information included in this press release should be construed in any shape, form, or manner, regarding the value of Tamm Oil and Gas Corp. or its common stock.

For further information

Wiktor Musial of Tamm Oil and Gas Corp., +1-403-975-9399 Web Site: http://www.tammoilandgas.com

Source: Tamm Oil and Gas Corp.

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