Addax Petroleum presents at the Bear Stearns Global Oil & Gas Conference



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

    CALGARY, March 9 /CNW/ - Addax Petroleum Corporation (TSX: AXC) ("Addax
Petroleum" or the "Corporation") announces that Mr. Jean Claude Gandur,
President and Chief Executive Officer, will be presenting at the Bear Stearns
Global Oil & Gas Conference in New York, USA on Wednesday, March 14, 2007 at
approximately 3:35 p.m. Eastern Time.

    Investors are invited to listen to the live webcast via the following
link: http://cc.talkpoint.com/BEAR002/031407a_cy/?entity=addax

    The presentation slides will be available prior to the presentation on
Addax Petroleum's website at 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 and the presentation 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.
    Readers are cautioned that the foregoing list of important factors
affecting forward-looking information is not exhaustive. 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 and presentation 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.: (416)
934-8011, 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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