Veraz Petroleum Ltd. - Finder's Fee on Block 126

    VANCOUVER, Dec. 27 /CNW/ - CNQ:VRAZ - Veraz Petroleum Ltd. (the
"Corporation" or "Veraz"), announces that in conjunction with the signing of
an Exploration Contract for Block 126 in Peru (the "Contract"), as press
released on October 24, 2007, the Corporation will pay a finder's fee to
Consumidores y Mercados SA ("Consumidores"), a company headquartered in Lima,
    The fee was negotiated between Consumidores and the previous management
of the Corporation (then North American Vanadium Inc.) and is in recognition
of the important contribution Consumidores made in securing the Contract. The
agreement with Consumidores provides for an immediate payment of $50,000 US,
with a subsequent payment, 60 days after signing the Contract, of an
additional $50,000 US. Additionally, as part of the finder's fee, the Company
will issue two million shares to Consumidores.

    Veraz is a junior international exploration company based in western
Canada and listed on the Canadian Trading and Quotation System Inc. (CNQ)
under the symbol VRAZ.

For further information:

For further information: Gerardjan ("Oppe") Cosijn, President and Chief
Executive Officer, Phone: (403) 303-3759, Fax: (403) 264-8163, Email:

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Veraz Petroleum Ltd.

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