LAS VEGAS, NEVADA -- (Marketwire) -- 08/28/08 -- MASS Petroleum Inc. ("MASS") (OTCBB: MASP) is pleased to announce that Mr. Oleg Bilinski has replaced Mr. Gary Chayko as President and CEO of MASS. MASS has accepted the resignation of Gary Chayko as President and CEO and appointed Mr. Bilinski, an existing Director of MASS, to fill the positions. Mr. Chayko's resignation was not due to any disagreement with MASS and Mr. Chayko has accepted a position on MASS's Advisory Board.
Mr. Bilinski brings a wealth of experience, knowledge and expertise to his role as President and CEO of MASS. Combining this with his strong relationship with Ural Transneft's existing management team, his experience conducting business in Russia and Eastern Europe, his extensive experience in global capital markets and his proven institutional financing capabilities, Mr. Bilinski's value will be extensive both to MASS and to its shareholders.
Mr. Bilinski graduated from Lviv State University in Ukraine with a degree in chemistry and biology. Mr. Bilinski has also completed the geology, prospecting and mineral exploration course at the British Columbia Institute of Technology in Vancouver, Canada.
On behalf of the Board of Directors,
Oleg Bilinski, President
MASS Petroleum Inc.
About MASS Petroleum Inc.:
MASS Petroleum is an oil and gas company backed by an experienced and dedicated management team. MASS Petroleum is engaged in the acquisition of producing oil and gas wells, interests and leases from existing companies, governments, and through the open market.
MASS Petroleum is currently acquiring several oil and gas producing assets in the Perm region of Russia. The region is well developed and holds more than 12 billion barrels of oil. The area is politically stable and has been a major oil production province since the 1950's. For 2008, Russia is set to be the #1 producer worldwide, producing over 3.46 billion barrels of oil per year.
Forward-Looking Statements:
Statements contained in this release that state MASS's or management's expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words "believe", "expect", "should", "estimates", and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see MASS's annual reports on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission and on the Company's web site at www.masspetroleum.com.
Contacts:
MASS Petroleum Inc.
Oleg Bilinski
President
(604) 688-6380
Email: info@masspetroleum.com
Website: www.masspetroleum.com