Avalon Oil and Gas, Inc. Acquires Leasehold In Sooner Trend Field.

MINNEAPOLIS -- Avalon Oil and Gas, Inc., (OTCBB:AOGS) announced today that it has acquired a 100% oil and gas leasehold interest in 1,600 acres located Canadian County, Oklahoma. The leasehold is in the Sooner Trend Field in Northwestern, Oklahoma.

Avalon and Crown Exploration, Avalon's Joint Venture Partner, expect to drill a well on the leasehold in the next ninety (90) days, using new cost efficient directional drilling technology provided by Weatherford Directional Services, Inc., and evaluate several producing formations including the First Bromide Sand, Simpson Dolomite, Viola, Hunton, Mississippian, Oswego and Big Limestone, and Redfork and Skinner Sandstones. The leasehold provides at least 10 potential drilling locations. Chesapeake Energy Corporation (NYSE: CHK) and Dominion Resources (NYSE: D) are very active in the Sooner Trend Field.

Crown Exploration, Consulting Geologist Charles Crawford estimates the cost of each well to be $800,000, with potential estimated reserves of 60,000 Barrels of Oil and 700 Million Cubic Feet of Gas per well.

The Company is actively seeking to acquire and develop additional oil and gas properties in Kansas and Oklahoma.

About Avalon Oil and Gas, Inc.

Avalon Oil and Gas, Inc., is committed to the exploration and development of economical oil and gas reserves, and is focused on an acquisition program targeting high quality and low risk prospects. Avalon is focused on the development of oil and gas resources in Kansas and Oklahoma allowing highly leveraged production opportunities.

Forward-looking statements in the release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This is material information only and is not an offer or solicitation to buy or sell the securities.