Samoth Announces Private Placement

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Samoth Oilfield Inc. (TSX VENTURE:SCD) ("Samoth" or the "Corporation") is
pleased to announce that it has completed its previously-announced non-brokered
private placement for gross proceeds of $500,000 (the "Private Placement").


Pursuant to the Private Placement, Samoth issued 10,000,000 Common Share Units
(the "Units) at a price of $0.05 per Unit. Each Unit is comprised of one Common
Share and one Common Share Purchase Warrant (each a "Warrant"). Each Warrant
entitles the holder to purchase one additional Common Share of Samoth at an
exercise price of $0.05 for a period of two (2) years from the date of issuance
of the Units. 


The proceeds from the Private Placement will be used for the purposes of
potential asset acquisition(s), reserves evaluation and for general working
capital.


Early Warning Report 

Mr. Leonard Jaroszuk, the President, Chief Executive Officer, and a director of
the Corporation, purchased (through himself and his wholly-owned and controlled
holding corporation, West One Limited) an aggregate of 2,200,000 Units and now
owns and controls, directly and indirectly: (a) 5,919,222 common shares, or
approximately 27.61% of the common shares of Samoth; and (b) 8,119,222 common
shares, or approximately 34.35% of the common shares of Samoth that would have
been outstanding at such time if the 2,200,000 Warrants which Mr. Jaroszuk
beneficially owns and over which it has control or discretion, directly or
indirectly, immediately following the completion of the Private Placement, were
exercised for 2,200,000 common shares. Mr. Jarosuzk acquired and intend to hold
the securities for investment purposes. Depending on market conditions, Mr.
Jarosuzk may increase his beneficial ownership through market transactions,
private agreements, treasury issuances, exercise of convertible securities or
otherwise, in accordance with application securities regulations. Depending on
market or other conditions, Mr. Jarosuzk may also sell all or a portion of the
securities. A copy of the early warning with additional information with respect
to the above will be filed under the Corporation's profile on SEDAR at
www.sedar.com.


READER ADVISORY 

Statements in this press release may contain forward-looking information
including, statements regarding expected use of proceeds. Any statements that
are contained in this press release that are not statements of historical fact
may be deemed to be forward-looking statements. The reader is cautioned that
assumptions used in the preparation of any forward-looking information may prove
to be incorrect. Events or circumstances may cause actual results to differ
materially from those predicted, as a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
Samoth. The reader is cautioned not to place undue reliance on any
forward-looking information. There can be no assurance that the proposed private
placement will be completed. The forward-looking statements contained in this
press release are made as of the date of this press release, and Challenger does
not undertake any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by securities law.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Samoth Oilfield Inc.
Leonard D. Jaroszuk
President and Chief Executive Officer
[phone]
[phone] (FAX)
[e-mail]