Saxon Oil Announces Change of Auditor

    DALLAS, TX, Feb. 20 /CNW/ - Saxon Oil Company Ltd ("Saxon") (TSX VENTURE:
SXN) (FRANKFURT:SXN) (BERLIN:SXN) announces that its board of directors has
appointed Whitley Penn LLC as the Company's new independent auditors effective
as of February 17, 2008, replacing the firm of Manning Elliott, Chartered
Accountants ("Manning Elliott"), which has agreed to resign. The Company will
ask that the shareholders of the Company appoint Whitley Penn LLP at the next
annual and special meeting of the shareholders and the Company to be held in
    The resignation of Manning Elliott was not the result of any disagreement
between the Company and Manning Elliott on any matter of accounting practices,
financial statement disclosure, or auditing scope or procedure. Rather, it was
at the request of the Company.

    This news release may contain forward-looking statements based on
assumptions and judgments of management of Saxon regarding future events or
results. Such statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially from those
reflected in the forward-looking statements. Saxon disclaims any intention or
obligation to revise or update such statements except as may be required by
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this Release.

    %SEDAR: 00005554E

For further information:

For further information: Saxon Oil Company, Patrice Nazareno, Toll Free:

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