VANCOUVER, Nov. 15 /PRNewswire-FirstCall/ -- Formally RFMR Acquisition Corp. (Pink Sheets: RFAC) ("RFMR") now Great Northern Oilsands, Inc. (Pink Sheets: GNNO) (the "Company") announced today the details of its name change and changes to its officers and directors. Effective on October 31, 2006, the Company appointed David Lane as its President. Mr. Lane will serve as the Company's Secretary and Treasurer. Additionally, Mr. Lane will fill a vacancy in the Board of Directors. In addition to changing its Officers, the Company will change its focus from real estate investing to the development of energy sources. Among other things, the Company will focus on the extraction of petroleum from the Canadian oilsands which many believe contain the second largest known reserve of oil in the world after Saudi Arabia. The reserves contain an estimated 175 billion barrels trapped in a complex mixture of sand, water and clay. The Company believes that the reserves are abundant, accessible, and economically affordable to recover - especially at today's crude oil prices. According to some estimates, the oil sand deposits in northern Alberta could contain 1.7 to 2.5 trillion barrels of oil, more than all the presently known reserves of the Middle East. Alberta's oil sands deposits were described by Time Magazine as "Canada's greatest buried energy treasure," one that "could satisfy the world's demand for petroleum for the next century." To reflect its new direction, the Company has changed its name to Great Northern Oilsands, Inc. and amended its Certificate of Incorporation with the State of Nevada effective November 14, 2006 to reflect this change. "Previous attempts to develop alternate sources of oil failed due to the high cost of extraction and refinement. The record prices for oil caused by an increased demand and inconsistent supply have the potential of making this development a profitable venture. The market conditions are ripe for another source of oil in North America, we hope to fill this void through the development of this and other sources of petroleum," said President, David Lane. Effective on the open of business, November 14, 2006, the authorized shares of the common stock will be increased to 5,000,000,000. To reflect the name change and increase in authorized shares, the trading symbol has been changed to "GNNO". Forward-Looking Statements: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe", "will", "breakthrough", "significant", "indicated", "feel", "revolutionary", "should", "ideal", "extremely" and "excited". These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements. CONTACT: Great Northern Oilsands, Inc., Facsimile (604) 688-1817 DATASOURCE: Great Northern Oilsands, Inc. CONTACT: Great Northern Oilsands, Inc., Facsimile (604) 688-1817

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