AMG Oil Ltd. Announces the Extension of Warrants and Options

    VANCOUVER, British Columbia, Feb. 26 /CNW/ -- AMG Oil Ltd. (OTC Bulletin
Board: AMGO) announces that it has agreed to extend the February 28, 2008
expiry date of the Company's 6,600,000 share purchase warrants and 396,000
stock options to February 28, 2009.  Each warrant and stock option entitles
the holder to purchase one common share of the Company at price of US$0.50 and
US$0.25, respectively, until expiry.

    For further information please contact:

     AMG Oil Ltd.
     Telephone: (303)226-5889

For further information:

For further information: AMG Oil Ltd., +1-303-226-5889 Web Site:

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