Annual Report 2007 and financial information in 2008

West Siberian Resources Ltd today announced the Annual Report for 2007. The Annual Report is now available in English and Swedish at www.westsiberian.com and is attached. The printed versions will be available shortly and will be sent by mail to registered shareholders.

The Annual General Meeting will be held on May 21 at 3 pm at Operaterassen in Stockholm.

The company plans to publish the following financial reports in 2008:
Three months report (January – March 2008) on May 21, 2008, (NEW DATE)
Six months report (January – June 2008) on August 29, 2008
Nine months report (January – September 2008) on November 28, 2008
Year-end report (January – December 2008) in February 2009

Conference calls with management will be held on the dates of the reports.

First quarter 2008 financial statements for Alliance Oil Company and first quarter pro forma financial statements for the combined group are planned to be presented separately by the end of May 2008.

From the second quarter, the group’s consolidated financial statements will include Alliance Oil Company.

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

Please also visit www.westsiberian.com