Adair Announces $16.1 Million Financing Commitment Through Commercial Bancorp, MFG Ltd.

HOUSTON--(BUSINESS WIRE)--March 30, 1998--Adair International Oil and Gas, Inc. (OTC BB:AIGI) today announced a $16.1 million capital financing commitment through Commercial Bancorp, MFG Ltd. which will allow the company to expand rapidly in the commercial oil and gas market and could generate revenue of approximately $362 million over a ten year period with a net present value before income tax of $173.4 million according to engineering estimates.

John W. Adair, chairman, commented, "With drilling sites in Colorado, Cherokee, Gaines, Atasosca, Harris and Chambers counties of Texas, this financing will afford the company the opportunity to enhance its competitive posture in the domestic marketplace. We have established a firm and expanding domestic presence and expect to take advantage of international opportunities that we believe will garner significant results. Adair's alliance with Commercial Bancorp solidifies my contention that 1998 will be an extremely prosperous year as we witness the fruition of our existing projects and the unfolding of new endeavors." -0- This news release contains forward-looking statements within the meaning of the Securities and Litigation Reform Act that involves risks and uncertainties, including exploration, development, operations, marketing and implementation risks, and other factors described from time to time in the company's publicly available 10-K report, which could cause results to alter materially.

CONTACT: Adair International Oil & Gas Inc., Houston

John W. Adair, 713/621-8241