Axis Energy Corporation Appoints Veteran Oil Man Gerald Fletcher as President.

CALGARY, Alberta -- Axis Energy Corporation (Pink Sheets:AXGC) is pleased to announce the appointment of Gerald Fletcher to the role of President of Axis Energy Corporation.

Mr. Fletcher will assume the position of President of the Company to manage and focus on the acquisition programme that the Company has underway to secure high impact Oil and Gas Leases in a proven oil producing region of the world.

Mr. Fletcher's career in petroleum geology started in Calgary in 1958 as an exploration geologist for Atlantic Richfield and continued with the company at their head office in Los Angeles as a liaison between operations in Canada and Richfield's management. Over a ten year period as Vice President of Exploration for Atlantic Richfield in Indonesia, he oversaw a production increase from 21,000 BOPD to over 180,000 BOPD.

Mr. Fletcher is founder and President of Fletcher Enterprises, headquartered in Jakarta with oil and gas production in Indonesia. He is also Executive Vice President and Chief Operating Officer of Lekom Maras Pengabaun Inc that has development and production operations in various parts of Indonesia.

Mr. Fletcher will be working closely with Don Grayson, Vice President of Field Operations. Mr. Grayson has worked in the oil and gas industry for over 27 years and his experience in running a Service and Supply Company in Libya for 8 years as well as running an Oil Well Drilling Company in Canada and the United States will complement greatly the wealth of experience that Mr. Fletcher brings to the position of President going forward.

Mr. Fletcher stated, "I look forward to working with the existing team assembled by the Company and advancing the very strong property acquisition programme that the Company has been presented with in one of the historic oil producing regions of the World."

AXIS ENERGY IS BEING POSITIONED AS AN EMERGING OIL AND GAS DEVELOPMENT COMPANY THAT HAS A UNIQUE NETWORK OF CONTACTS IN HIGH-IMPACT OIL AND GAS PRODUCING REGIONS OF THE WORLD.

On behalf of the Board of Directors,

JAY YANO 

Secretary/Treasurer

Disclaimer: This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from the Company's expectations, and expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, the Company's ability to obtain additional financing, geological or mechanical difficulties affecting the Company's planned geological interpretation, acquisitions and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements.