Samoth Oilfield Inc. Announces Grant of Stock Options and Change of Auditors

Samoth Oilfield Inc. (TSX VENTURE:SCD) ("Samoth" or the "Corporation") announced
today that, subject to regulatory approval, it has granted a total of 1,143,889
options to purchase common shares of the Corporation to the directors, officers
and consultants of Samoth, in accordance with the Corporation's stock option
plan. These options expire ten years from the date of grant and have an exercise
price of $0.10. Out of these options, 921,889 options were granted to directors
and officers of the Corporation. Samoth has determined that exemptions from the
various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral
Instrument 61-101 are available for the issuance of the options to the directors
and officers of the Corporation (Formal Valuation - Issuer Not Listed on
Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of
Market Capitalization).


Samoth also announced that it has changed its auditors from MacKay LLP to Grant
Thornton LLP. There were no "reportable events" (as such term is defined under
National Instrument 51-102) in connection with this change of auditors.

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