Stream Oil & Gas Ltd. - Shares Issued for Services

    TSX-V: SKO

    VANCOUVER, Sept. 2 /CNW/ - In accordance with an application accepted by
the TSX Venture Exchange on August 11, 2009, Stream Oil & Gas Ltd. (the
Company) has issued 736,192 common shares at $0.24 per share to settle
consulting fees of $176,686 owed to insiders and officers of the Company. The
shares are subject to a hold period which expires on December 11, 2009.
    Following this share issuance, the Company has 37,416,533 common shares

    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.

    %SEDAR: 00022735E

For further information:

For further information: Sotirios Kapotas is responsible for this news
release and can be contacted at the Company's head office above, or by email; The Company's CFO, Angela Huxham, can be contacted
at (604) 642-6168 or by email

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Stream Oil & Gas Ltd.

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