Oil Optimization Enters Into Farm-in Agreement in Respect of Block L14-50 in Thailand

Oil Optimization Inc. (TSX VENTURE:OOI) ("OOI" or the "Company") is pleased to
announce that it has entered into a farm-in agreement (the "Agreement") with
Rockstone Petroleum Limited ("Rockstone") relating to its 100% owned Block
L14-50 in the north Phetchabun basin (the "Block"). Rockstone is part of a group
of privately-owned companies investing in oil and gas exploration and mining
assets. Under the terms of the Agreement, Rockstone will have the right to
acquire up to a 60% working interest (subject to increase in certain
circumstances in accordance with the provisions of the Agreement) in the Block
by making certain cash payments and funding certain work programs in respect of
the Block. OOI's wholly-owned subsidiary, JSX Energy Holdings Limited ("JSX
BVI"), through its local branch office in Thailand, will be the initial operator
in respect of the Block.


On signing the Agreement, Rockstone will commit to fund a 50 line kilometre 2D
seismic program to a maximum cost of US$750,000 (plus any applicable VAT), in
exchange for earning a 20% working interest in the Block. Under the Agreement,
OOI will cover the cost of the seismic program in excess of US$750,000 or be
subject to certain penalties in accordance with the provisions of the Agreement.
In addition, Rockstone has committed to make an additional payment of US$50,000
to OOI not later than 60 days following the effective date of the Agreement in
exchange for an additional 2% working interest in the Block.


On completion of the seismic program, Rockstone will have the option to acquire
an additional 35% working interest in the Block in exchange for committing to
fund the drilling of a well to a maximum cost of US$1,500,000 (inclusive of all
applicable VAT). Under the Agreement, OOI will cover the cost of the well in
excess of US$1,500,000 or be subject to certain penalties in accordance with the
provisions of the Agreement. Rockstone will have the option, exercisable at its
sole discretion, to satisfy any overrun costs not satisfied by OOI (whether in
respect of the seismic program or the well) in exchange for earning an
additional working interest in the Block at a discounted rate.


Concurrently with the delivery of its written election to fund the well program,
or, in the event Rockstone elects not to fund such well program, within 10 days
of the earlier of (1) delivery of its election not to fund such well program or
(2) the expiry of the election period, Rockstone shall make an additional
payment of US$100,000 to OOI in exchange for an additional 3% working interest
in the Block.


Following receipt of Rockstone's election with respect to funding the well
program (or election or deemed election to not fund such program), JSX BVI will
make application to the Thai government to assign registered title to the
applicable working interest to which Rockstone may be entitled under the
Agreement. In the event that transfer of registered title to Rockstone of the
applicable working interest to which Rockstone is entitled under the Agreement
is not completed within 24 months following submission to the Thai regulatory
authorities of the requisite application in respect of such transfer, Rockstone
shall be entitled to acquire an additional 10% working interest in the Block for
no additional consideration.


Certain of the parties' obligations under the Agreement are subject to a
security interest enforceable in accordance with the terms of the Agreement.


On completion of the well program (or if the well program option is not
exercised), the parties will enter into a joint operating agreement whereby they
will agree to share the costs of any further work programs based on their pro
rata share in the Block.


Forward-Looking Statements

This news release may contain 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.