ScotOil Petroleum's Listing Moved to NEX

CALGARY, Feb. 24 /CNW/ - ScotOil Petroleum Ltd. ("ScotOil" or "the Company" - Trading Symbol "OIL") has been advised that its listing on the TSX Venture Exchange will be transferred by the Exchange to NEX effective February 24, 2010. The Company is currently suspended from trading and the transfer to NEX will not affect the suspension of trading.

Forward Looking Statements

All statements included in this press release that address activities, events or developments that ScotOil expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements may involve substantial known and/or unknown risks and uncertainties, some of which may be beyond ScotOil control. As such, caution should be exercised by the reader wherever forward looking statements are made.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    On Behalf of the Board of Directors:
    Mr. Arthur Millholland, President and CEO

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For further information: For further information: Rob Elgie, Investor Relations Consultant, Phone: (403) 718-1805

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