Axis Energy Corporation Appoints Veteran Oil Man to the Board

  
    
  
  
    
      Axis Energy Corporation (Pink Sheets:AXGC) is pleased to announce 
      the appointment of Gerald Fletcher to the Board of Directors of Axis 
      Energy Corporation.
    
    
      Mr. Fletcher will assume the position of Vice President of Oil and Gas 
      Development to manage the Company’s program 
      to acquire and develop oil and gas projects in proven oil producing 
      regions of the world.
    
    
      Mr. Fletcher’s career in petroleum geology 
      started in Calgary in 1958 as an exploration geologist for Atlantic 
      Richfield and continued with the company at their head office in Los 
      Angeles as a liaison between operations in Canada and Richfield’s 
      management. Over a ten year period as Vice President of Exploration for 
      Atlantic Richfield in Indonesia, he oversaw a production increase from 
      21,000 BOPD to over 180,000 BOPD.
    
    
      Mr. Fletcher is founder and President of Fletcher Enterprises, 
      headquartered in Jakarta with oil and gas production in Indonesia. He is 
      also Executive Vice President and Chief Operating Officer of Lekom Maras 
      Pengabaun Inc that has development and production operations in various 
      parts of Indonesia.
    
    
      Also joining Axis Energy as Vice President of Field Operations is Don 
      Grayson. Mr. Grayson has worked in the oil and gas industry for over 27 
      years. His experience in running a Service and Supply Company in Libya 
      for 8 years as well as running an Oil Well Drilling Company in Canada 
      and the United States will contribute greatly to the Company’s 
      operations going forward.
    
    
      The President of Axis, Jay Yano stated that, “Mr. 
      Fletcher and Mr. Grayson bring valuable industry experience to the 
      Company particularly in the areas of technical vetting of the geology 
      and engineering of prospects that have been initially identified.”
    
    
      Axis Energy is Being Positioned as an Emerging Oil and Gas Development 
      Company That Has a Unique Network of Contacts in High-Impact Oil and Gas 
      Producing Regions of the World.
    
    
      On behalf of the Board of Directors,
    
    
      JAY YANO
    
    
      President
    
    
      Disclaimer: This Press Release may contain, in addition to historical 
      information, forward-looking statements within the meaning of Section 
      27A of the Securities Act of 1933, as amended, and Section 21E of the 
      Securities Exchange Act of 1934, as amended. These forward-looking 
      statements are identified by their use of terms and phrases such as 
      "believe," "expect," "plan," "anticipate" and similar expressions 
      identifying forward-looking statements. Investors should not rely on 
      forward-looking statements because they are subject to a variety of 
      risks, uncertainties and other factors that could cause actual results 
      to differ materially from the Company's expectations, and expressly does 
      not undertake any duty to update forward-looking statements. These 
      factors include, but are not limited to the following, the Company's 
      ability to obtain additional financing, geological or mechanical 
      difficulties affecting the Company's planned geological interpretation, 
      acquisitions and other factors which may cause the actual results, 
      performance or achievements of the Company to be materially different 
      from any future results, performance or achievements expressed or 
      implied by such forward-looking statements.
    
  
Axis Energy Corporation (Pink Sheets:AXGC) is pleased to announce
the appointment of Gerald Fletcher to the Board of Directors of Axis
Energy Corporation.

   Mr. Fletcher will assume the position of Vice President of Oil and
Gas Development to manage the Company's program to acquire and develop
oil and gas projects in proven oil producing regions of the world.

   Mr. Fletcher's career in petroleum geology started in Calgary in
1958 as an exploration geologist for Atlantic Richfield and continued
with the company at their head office in Los Angeles as a liaison
between operations in Canada and Richfield's management. Over a ten
year period as Vice President of Exploration for Atlantic Richfield in
Indonesia, he oversaw a production increase from 21,000 BOPD to over
180,000 BOPD.

   Mr. Fletcher is founder and President of Fletcher Enterprises,
headquartered in Jakarta with oil and gas production in Indonesia. He
is also Executive Vice President and Chief Operating Officer of Lekom
Maras Pengabaun Inc that has development and production operations in
various parts of Indonesia.

   Also joining Axis Energy as Vice President of Field Operations is
Don Grayson. Mr. Grayson has worked in the oil and gas industry for
over 27 years. His experience in running a Service and Supply Company
in Libya for 8 years as well as running an Oil Well Drilling Company
in Canada and the United States will contribute greatly to the
Company's operations going forward.

   The President of Axis, Jay Yano stated that, "Mr. Fletcher and Mr.
Grayson bring valuable industry experience to the Company particularly
in the areas of technical vetting of the geology and engineering of
prospects that have been initially identified."

   Axis Energy is Being Positioned as an Emerging Oil and Gas
Development Company That Has a Unique Network of Contacts in
High-Impact Oil and Gas Producing Regions of the World.

   On behalf of the Board of Directors,

   JAY YANO

   President

   Disclaimer: This Press Release may contain, in addition to
historical information, forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements are identified by their use of terms and
phrases such as "believe," "expect," "plan," "anticipate" and similar
expressions identifying forward-looking statements. Investors should
not rely on forward-looking statements because they are subject to a
variety of risks, uncertainties and other factors that could cause
actual results to differ materially from the Company's expectations,
and expressly does not undertake any duty to update forward-looking
statements. These factors include, but are not limited to the
following, the Company's ability to obtain additional financing,
geological or mechanical difficulties affecting the Company's planned
geological interpretation, acquisitions and other factors which may
cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.