Oil Optimization Releases Prospective Resource Estimates for Petroleum Licence L14-50 Onshore Thailand

Oil Optimization Inc. (TSX VENTURE:OOI) ("OOI" or the "Company") announced that
an independent resource evaluation (the "Report") has been completed by
Petrotech Engineering Limited ("Petrotech") on OOI's Block L14-50 petroleum
concession (the "L14-50 Licence") onshore Thailand. Using volumetric estimates,
Petrotech assigned a total best estimate of Prospective Resources, for the five
Leads on the L14-50 Licence, of 23,700,000 barrels of oil. 


The Report provides an estimate of the potential gross undiscovered oil and gas
prospective resources underlying the L14/50 Licence and is in addition to
Petrotech's Report dated June 28, 2010 which addressed OOI's 50% interest in the
Block L9/48 petroleum concession (the "L9/48 License"). Petrotech assigned a
total best estimate of Prospective Resources of OOI's interest, for the 12 Leads
on the L9-48 Licence, of 47,500,000 barrels of oil. A copy of the Petrotech
Report will be posted on our website later today at www.oilop.com.


"OOI's management is pleased to have Petrotech's independent concurrence of its
work on the L14/50 License," stated Luc Desmarais, President and Chief Executive
Officer, who added, "The arithmetic sum and best estimate of 71,300,000 barrels
of recoverable prospective oil resources, from 17 leads in the L14/50 and L9/48
Licences, highlights the significant potential of these two licences." Historic
regional geology and 2D seismic data were reviewed by Petrotech to prepare the
Prospective Resources Estimate of that portion of the leads lying entirely
within the L14/50 and L9/48 Licences.




OIL OPTIMIZATION INC.                                                       
PROSPECTIVE RESOURCES                                                       
                                                                            
Properties                     Low Case         Best Case         High Case 
----------------------   --------------    --------------    -------------- 
----------------------   --------------    --------------    -------------- 
                          (million bbls)    (million bbls)    (million bbls)
                                                                            
L14/50 Sum of 5 Leads               3.7              23.7              77.4 
L9/48 Sum of 12 Leads              13.5              47.5             165.8 
                         --------------    --------------    -------------- 
                                                                            
Sum of Leads                       17.2              71.2             243.2 



The estimates were prepared in accordance with the requirements of Canadian
National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities
Section 5.9 ("NI 51-101"). Capitalized terms related to resources
classifications used in this press release are based on the definitions and
guidelines in Section 5.3.5 of the Canadian Oil and Gas Evaluation Handbook
Volume 1.


The Sums of each Lead are arithmetic sums, and as such do not represent the same
probability levels as the estimates for the individual prospects. Prospective
Resources are those quantities of oil and gas estimated to be potentially
recoverable from undiscovered accumulations. There is no certainty that the
Prospective Resources will be discovered. If discovered, there is no certainty
that it will be commercially viable to produce any portion of the prospective
resources. Application of any geological and economic chance factor does not
equate prospective resources to contingent resources or reserves. In addition,
the following mutually exclusive Classifications of Resources were used:


Low Estimate - This is considered to be a conservative estimate of the quantity
that will actually be recovered from the accumulation. This term reflects a P90
confidence level where there is a 90% chance that a successful discovery will be
more than this resources estimate.


Best Estimate - This is considered to be the best estimate of the quantity that
will actually be recovered from the accumulation. This term is a measure of
central tendency of the uncertainty distribution and in this case reflects a 50%
confidence level where the successful discovery will have a 50% chance of being
more than this resources estimate.


High Estimate - This is considered to be an optimistic estimate of the quantity
that will actually be recovered from the accumulation. This term reflects a P10
confidence level where there is a 10% chance that the successful discovery will
be more than this resources estimate.


These distributions do not include consideration of the probability of success
of discovering and producing commercial quantities of oil, but rather represent
the likely distribution of the oil deposits, if discovered. Also, the Sums of
Prospects are arithmetic sums, and as such do not represent the same probability
levels as the estimates for the individual prospects.


Petrotech has acted independently in the preparation of the Reports and its
employees have no direct or indirect ownership in the property appraised or the
area of study described. With respect to Assumptions and Limiting Conditions
within the Reports, the Report is limited to a discussion of the potential
undiscovered oil and gas Prospective Resources of the subject property and does
not attempt to place a value thereon. Petrotech reserves the right to revise its
opinions of reserves and resources, if new information is deemed sufficiently
credible to do so. The accuracy of any estimate is a function of available time,
data and of geological, engineering and commercial interpretation and judgment.
While the resources estimates presented herein are believed to be reasonable,
they should be viewed with the understanding that additional analysis or new
data may justify their revision and Petrotech reserves the right to make such
revision.


About Oil Optimization

Oil Optimization Inc. (TSX VENTURE:OOI) is a Canadian listed international
junior oil and gas exploration company with operations located onshore Thailand.
OOI currently holds interests in three exploration blocks, being a 100% interest
in Block L3/50, a 100% interest in Block L14/50 and a 50% interest in Block
L9/48 for a total of 1,000,000 net hectares. The Company is focused on exploring
and developing each of these blocks as well as seeking accretive acquisitions in
the region. Visit www.oilop.com for more information.


Forward-Looking Statements

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similar expressions are intended to identify forward-looking information or
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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
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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.