Cumberland Oil & Gas Ltd. Announces Filing of Annual Information Form

Cumberland Oil & Gas Ltd. ("Cumberland" or the "Company") (TSX VENTURE:COG) has
filed its annual information form ("AIF") for the year ended December 31, 2009,
which includes the disclosure and reports relating to reserves data and other
oil and gas information required pursuant to National Instrument 51-101. Copies
of this document may be obtained via the SEDAR website at www.sedar.com.


The net present value of the Company's proved plus probable reserves at December
31, 2009, using a 10% discount rate is $2.57 million. In addition, Cumberland
held approximately 10,000 net undeveloped acres of land in the provinces of
British Columbia, Alberta and Saskatchewan.


Included in the AIF is independent reserves data on the Company's ownership in
the Valhalla Doe Creek "M" Pool (the "Valhalla Property"), effective March 1,
2010. The Company entered into a farmout and pooling agreement effective March
1, 2010, whereby Cumberland earned a 100% working interest in the Valhalla
Property subject to a royalty, in return for committing to incur 100% of the
capital on a water-flood project on the Valhalla Property, to commence by July
2010. The net present value of the Valhalla Property's proved plus probable
reserves at March 1, 2010, based on the independent reserves evaluators December
31, 2009 price forecast, using a 10% discount rate, is $4.75 million.


On February 26, 2010, Cumberland completed an amalgamation with four Capital
Pool Corporations. Following the amalgamation, the Company had positive working
capital of approximately $4.40 million and 32.38 million common shares
outstanding.