Tekoil Appoints Manager of Business Development in Canada

Tekoil & Gas Corporation (the "Company") (PINKSHEETS: TKGN) is pleased to announce the appointment of Mr. Alexander (Sandy) Goulding to the position of Manager of Business Development for its Canadian operations, effective June 1, 2007.

Sandy graduated from Memorial University in Newfoundland with a Bachelor's degree in Business and Political Science in 1988, and has worked with both Federal and Provincial Governments. Upon graduating from university he worked with both Federal Department of Fisheries and Oceans and the Canadian Revenue Agency.

His move to the Provincial Government was political in nature, working as an Executive Assistant to a senior Cabinet Minister for ten years in such Departments as Health, Education, and Justice. While working with the Department of Justice he led the Departments team on determining the specifications and the eventual selection of the Terra Nova Offshore Oil Legal Retainer Contract.

Sandy worked with a variety of marketing firms after his tenure with the Provincial Government and eventually returned to school to complete a graduate program in Information Technology. Combining his new IT skills and political knowledge Sandy provided polling and political advice based on those polls to a cross section of political parties and candidates.

In 2005 Sandy returned to his hometown of Corner Brook, where he organized the 1st International Symposium on Oil & Gas Resources in Western Newfoundland for the Greater Corner Brook Board of Trade. Along with an earlier introduction, it was this event that drew Tekoil and Gas Corporation's attention to Western Newfoundland.

After organizing the Symposium Sandy took on the position of Executive Director with the Board of Trade for a little over a year and then formed a consulting company that did work for Tekoil and Gas Corporation in the latter months of 2006 and early 2007. Sandy recently assisted in managing and organizing the 2nd International Oil & Gas Symposium in Western Newfoundland for the Board of Trade.

About Tekoil & Gas Corporation:

Houston-based Tekoil & Gas Corporation is a technology-driven company focused on the development, acquisition, stimulation, rehabilitation and asset improvement of small- to medium-sized oil and gas fields. The combination of energy fuel reserves and advanced yield technologies are anticipated to generate value for Tekoil and its stakeholders, as the company targets above average growth in the 21st century energy sector. Additional news and information will be made available on the Tekoil website at www.tekoil.com and through further press releases as Tekoil's plans are executed.

Forward-Looking Statements:

This news release may contain certain forward-looking statements, including declarations regarding Tekoil and its subsidiaries' expectations, intentions, strategies and beliefs regarding the future within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements contained herein are based upon information available to Tekoil management as at the date hereof, and actual results may vary based upon future events, both within and without the control of Tekoil management, including risks and uncertainties that could cause actual results to differ materially including, among other things, the impact that acquisitions may have on the company and its capital structure, exploration results, market conditions, oil and gas price volatility, uncertainties inherent in oil and gas production operations and estimating reserves, unexpected future capital expenditure requirements, competition, governmental regulations and other factors, some of which are set forth in Part I, Item 2, of Tekoil's registration statement on Form 10-SB.

Contact: Mr. Eric Ottens Executive VP Tekoil & Gas Corporation eottens@tekoil.com