OIL OPTIMIZATION INC TO EXECUTE PETROLEUM CONCESSION IN THAILAND

CALGARY, Feb. 3 /CNW/ -- 
CALGARY, Feb. 3 /CNW/ - Oil Optimization Inc. (TSXV: OOI) (the "Company") today announced that Thailand's Ministry of Energy has
 confirmed February 8, 2011 as the official signing date of Petroleum
 Concession No. 1/2554/109, which will formally confer a 100% interest
 in Block L14/50 to the Company. 


Block L14/50 is located in central Thailand and covers the entire
 northern portion of the Petchabun Basin. The southern portion of the
 same basin, whose rights are held by Pan Orient Energy (TSXV: POE) and
 Australia's Carnarvon Petroleum Limited (ASX: CVN), is immediately
 south of Block L14/50 and has a current productive capacity of 8,400
 BOPD.


About Oil Optimization Inc. (TSXV: OOI)


Oil Optimization Inc. is a junior oil and gas exploration company
 headquartered in Calgary, Alberta with operations located onshore
 Thailand. The Company currently holds interests in two exploration
 blocks, being a 100% interest in Block L3/50, a 50% interest in Block
 L9/48 and has conditionally been granted a 100% interest in Block
 L14/50. The Company, through its wholly-owned subsidiary, JSX Energy
 (Thailand) Limited, is focused on exploring and developing each of
 these blocks as well as seeking accretive acquisitions in Thailand.


Neither TSX Venture Exchange nor its Regulation Services Provider (as
 that term is defined in policies of the TSX Venture Exchange) accepts
 responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements


This news release contains forward-looking statements and
 forward-looking information within the meaning of applicable securities
 laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing",
 "may", "will", "project", "should", "believe", "plans", "intends" and
 similar expressions are intended to identify forward-looking
 information or statements.  More particularly and without limitation,
 this news release contains forward looking statements and information
 concerning the expected activities of Oil Optimization.  The
 forward-looking statements and information are based on certain key
 expectations and assumptions made by Oil Optimization. Although Oil
 Optimization believes that the expectations and assumptions on which
 such forward-looking statements and information are based are
 reasonable, undue reliance should not be placed on the forward looking
 statements and information because Oil Optimization can give no
 assurance that they will prove to be correct. By its nature, such
 forward-looking information is subject to various risks and
 uncertainties, which could cause the actual results and expectations to
 differ materially from the anticipated results or expectations
 expressed.  Readers are cautioned not to place undue reliance on this
 forward-looking information, which is given as of the date hereof, and
 to not use such forward-looking information for anything other than its
 intended purpose. Oil Optimization undertakes no obligation to update
 publicly or revise any forward-looking information, whether as a result
 of new information, future events or otherwise, except as required by
 law.


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pOil Optimization Inc.br/ Chris Serin - Chief Financial Officerbr/ Phone [phone]br/ a href="http://www.oiloptimizationinc.com/"www.oiloptimizationinc.com/a/p

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