Bio-American Capital Corp. Name Change and New CUSIP Number.

Energy Editors/Business Editors

LAS VEGAS--(BUSINESS WIRE)--May 25, 2004

Bio-American Capital Corp. (OTCBB:BIOA) reports that it has changed its name to Cheetah Oil & Gas Ltd. and that it has been issued a new trading symbol on the OTCBB. The name change is effective May 26, 2004 and the new trading symbol is OTCBB:COGL. The company's new CUSIP number is 163076 10 2.

Management and directors of the company believe this name change was necessary to more accurately reflect the focus of the company.

Bio-American Capital Corp. through its wholly owned subsidiary Cheetah Oil and Gas Ltd. is actively engaged in acquiring high quality oil and gas exploration properties in Papua New Guinea.

Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.