Addax Petroleum added to the S&P/TSX Composite Index



    /NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED
    STATES, AUSTRALIA OR JAPAN/

    Also added to S&P / TSX Capped Energy Index effective March 19, 2007

    CALGARY, March 14 /CNW/ - Addax Petroleum Corporation (TSX: AXC) ("Addax
Petroleum" or the "Corporation") is pleased to announce that Standard & Poor's
Canadian Index Operation is adding Addax Petroleum to the S&P / TSX Composite
Index and the S&P / TSX Capped Energy Index. The addition will be effective at
the open of the TSX on Monday, March 19, 2007.

    About Addax Petroleum:

    Addax Petroleum is an international oil and gas exploration and
production company with a strategic focus on Africa and the Middle East. Addax
Petroleum is one of the largest independent oil producers in West Africa and
has increased its crude oil production from an average of 8,800 bbl/d for 1998
to an average of approximately 90,000 bbl/d for 2006. Further information
about Addax Petroleum is available at www.addaxpetroleum.com or at
www.sedar.com.

    Legal Notice - Forward-Looking Statements:

    Certain statements in this press release constitute forward-looking
statements under applicable securities legislation. Such statements are
generally identifiable by the terminology used, such as "anticipate",
"believe", "intend", "expect", "plan", "estimate", "budget", "outlook" or
other similar wording. By its very nature, such forward-looking information
requires Addax Petroleum to make assumptions that may not materialize or that
may not be accurate. This forward-looking information is subject to known and
unknown risks and uncertainties and other factors, which may cause actual
results, levels of activity and achievements to differ materially from those
expressed or implied by such information.

    Furthermore, the forward-looking information contained in this press
release is made as of the date of this press release and, except as required
by applicable law, Addax Petroleum does not undertake any obligation to update
publicly or to revise any of the included forward-looking information, whether
as a result of new information, future events or otherwise. The
forward-looking information contained in this press release is expressly
qualified by this cautionary statement.





For further information:

For further information: Mr. Patrick Spollen, Investor Relations, Tel.:
+41 (0) 22 702 95 47, patrick.spollen@addaxpetroleum.com; Mr. Mac Penney,
Press Relations, Tel.: (416) 934-8011, mac.penney@cossette.com; Mr. Craig
Kelly, Investor Relations, Tel. : +41 (0) 22 702 95 68,
craig.kelly@addaxpetroleum.com; Ms. Marie-Gabrielle Cajoly, Press Relations,
Tel.: +41(0) 22 702 94 44, marie-gabrielle.cajoly@addaxpetroleum.com

Organization Profile

ADDAX PETROLEUM CORPORATION

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