Striker Oil & Gas Announces a 24% Increase in 2008 Revenue to $3,800,000, for Its Fiscal Year End 2008

Striker Oil & Gas, Inc. (OTCBB: SOIS) announced today that its fiscal 2008 revenue increased by 24% to $3,800,000 compared to the same period in 2007. The company missed its previous guidance of $5,000,000 due to a disruption in its production from both Hurricanes Gustav and Ike and also the significant drop in hydrocarbon prices however the company has since restored production and does not anticipate any further issues caused by the previous hurricanes.

“Although 2008 proved to be a very challenging year we are pleased that we were still able to achieve positive revenue growth over the previous year. We will continue to focus on our Catfish Creek Prospect and believe this will be the main factor in our continued growth for 2009,” said Kevan Casey, Chief Executive Officer of Striker.

About Striker Oil & Gas

Striker Oil & Gas, Inc. is an upstream U.S. oil and gas company headquartered in Houston, Texas and traded on the Over-the-Counter Bulletin Board (SOIS.OB). The company is engaged in the search for and sale of oil and gas reserves through both exploratory drilling and the acquisition of producing properties. Striker’s objective is to cost efficiently develop these properties and market the oil and gas production at the wellhead. Striker is strategically focused along the Texas Gulf Coast, East Texas and South Louisiana in areas of developed infrastructure and established markets. For information please visit www.strikeroil.com.

Safe Harbor Statement

This press release contains statements that may constitute forward-looking statements, including the company’s ability to successfully acquire oil and gas properties and drill commercial wells. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Striker’s future business and financial results, refer to our Quarterly Reports on Form 10-QSB, our Annual Report on Form 10-KSB and the other filings we make with the Securities and Exchange Commission. Striker undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.