Addax Petroleum files 2006 year-end annual information form



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

    CALGARY, March 28 /CNW/ - Addax Petroleum Corporation (TSX: AXC) ("Addax
Petroleum" or the "Corporation") today filed its Annual Information Form for
the year ended December 31, 2006, which includes the disclosure and reports
relating to reserves data and other oil and gas information required pursuant
to National Instrument 51-101 of the Canadian Securities Administrators.
Copies of this document as well as its Audited Consolidated Financial
Statements for the year ended December 31, 2006 and related Management's
Discussion and Analysis may be obtained via www.sedar.com or the Corporation's
website, www.addaxpetroleum.com.

    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. Craig Kelly,
Investor Relations, Tel.: +41 (0) 22 702 95 68,
craig.kelly@addaxpetroleum.com; Mr. Mac Penney, Press Relations, Tel.: +1
(416) 934 80 11, mac.penney@cossette.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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