Addax Petroleum Announces Toronto Capital Markets Day

    CALGARY, Sept. 9 /CNW/ - Addax Petroleum Corporation (TSX: AXC and LSE:
AXC) ("Addax Petroleum" or the "Corporation") will host a management
presentation to financial analysts and investors on Tuesday, September 16,
2008 in Toronto, Canada. The Corporation's senior management team, including
Mr. Jean Claude Gandur, President and Chief Executive Officer, Mr. James
Pearce, Chief Operating Officer, Mr. Michael Ebsary, Chief Financial Officer,
and Mr. Jeff Schrull, General Manager Exploration, will discuss the
Corporation's most recent operating results and expectations regarding future

    Conference call / webcast details:
    Date:     Tuesday, September 16, 2008
    Time:     10:00 a.m. Eastern Time / 3:00 p.m. London, U.K. time

    To listen to the conference call, please call one of the following:

    Toronto:                          416 644 3414
    Toll-free (Canada and the U.S):   1 800 733 7560
    Toll-free (U.K.):                 00 800 2288 3501
    Toll-free (Switzerland):          00 800 2288 3501

    A replay of the conference call will be available at (416) 640-1917 or
(877) 289-8525, passcode 21281389 followed by the number sign until Thursday,
October 16, 2008.
    A live webcast of the presentation will be available via the following
    The Capital Markets Day presentation materials will be available on the
Corporation's website at

    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 136,000 bbl/d for the first half of 2008.
Further information about Addax Petroleum is available at, or the Corporation's website,

    The conference call / webcast may contain forward-looking statements.
When used in the call, words such as "anticipate", "expect", "project", and
similar expressions are intended to identify such forward-looking statements.
Although the Corporation believes that these statements are based on
information and assumptions which are current, reasonable and complete, these
statements are necessarily subject to a variety of risks and uncertainties
pertaining to operating performance, regulatory parameters, economic
conditions and commodity prices. While Addax Petroleum makes these forward
looking statements in good faith, should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary significantly from those expected.

For further information:

For further information: Mr. Patrick Spollen, Investor Relations, Tel.:
+41 (0) 22 702 95 47,; Mr. Craig Kelly,
Investor Relations, Tel.: +41 (0) 22 702 95 68,; Ms. Marie-Gabrielle Cajoly, Press Relations,
Tel.: +41(0) 22 702 94 44,; Mr. Nick
Cowling, Press Relations, Tel.: (416) 934-8011,; Mr.
James Henderson, Press Relations, Tel.: +44 (0) 20 7743 6673,; Mr. Alisdair Haythornthwaite, Press Relations,
Tel.: +44 (0) 20 7743 6676,

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