Biogenerics Clarifies Details of 9 for 1 Forward Stock Split; Effective Date of Split - May 12, 2005.

TORONTO -- Biogenerics Limited (NQB:BIGN), today clarified that the recently announced forward split of the Company's common stock for shareholders of record as of May 6, 2005 will be reflected as of May 12, 2005. Due to the three day settlement period, anyone purchasing shares after record date and prior to payment date will automatically receive the additional 9 shares (the amount of the forward split).

Shareholders of record will be mailed the additional share certificates on the payment date - May 12, 2005. Shareholders will not be required to surrender existing certificates. Anyone who has purchased shares after record date will automatically be credited the forward split.

"Biogenerics continues its forward momentum, continuing to build strategic alliances and implement other critical initiatives, including a name change to better reflect the Company's position in the oil and gas industry and hopefully, listing on the Over-the-Counter Bulletin Board," stated Gary Kelley, CEO.

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.