Annual General Meeting proposals

Board of directors For the Annual General Meeting of West Siberian Resources Ltd to be held on May 11, 2006, shareholders representing approximately 40% of the votes propose the election of Mr Nemesio Fernandez-Cuesta as a new member of the board of directors. Mr Fernandez-Cuesta (49) is a Spanish citizen and holds a degree in economics and business administration from the Autonomous University of Madrid. He is currently the Executive director of Upstream at Repsol YPF. Mr Fernandez has held various management positions at Repsol YPF since its creation in 1989 and has also served as the Secretary of state for energy and mineral resources in the Spanish Ministry of Industry and Energy and as President of Prensa Espanõla. Current directors Mr Eric Forss (chairman), Mr Maxim Barski (managing director), Mr Claes Levin, Mr Oleg Fomenko (commercial director) and Mr Fred Boling are proposed for re-election with the number of directors increased from five to six. It is also proposed that the remuneration for the Board for the period until the next AGM be fixed at SEK 2,000,000 (currently SEK 1,500,000), to be allocated in accordance with the resolution of the Board of Directors. Auditors The audit committee has proposed the re-election of Pricewaterhouse Coopers AB with the authorised public accountants Klas Brand and Johan Rippe as responsible. The Annual General Meeting of shareholders will be held on Thursday May 11, 2006, at 3 pm at Operaterassen in Stockholm. Media and analysts are welcome to attend the meeting. For further information: Maxim Barski, Managing director, West Siberian Resources Ltd., tel. +7 495 956 48 82 Eric Forss, Chairman, West Siberian Resources Ltd., tel. +46 8 613 00 85 or +46 70 523 86 62 Also visit www.westsiberian.com