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Warrant Symbol - WZR.WT
Number Trading - 16,505,729
Expiration Date - Jan. 18, 2008
Cusip - 960008 11 8

Warrants called to trade news:
WesternZagros to begin trading on TSX-V Oct. 22
BULLETIN TYPE: New Listing-Shares and Warrants, Private Placement-Non-Brokered
BULLETIN DATE: October 19, 2007
TSX Venture Tier 2 Company
Effective at the opening, October 22, 2007, the common shares and warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as an "oil and gas exploration and development" company.
Pursuant to a Plan of Arrangement (the "Arrangement") involving Western Oil Sands Inc. ("Western Oil Sands"), Western Oil Sands transferred to the Company its oil and gas exploration interests and operations located in the Federal Region of Kurdistan, Iraq. Under the Arrangement, a total of 165,057,183 common shares and 16,505,729 warrants of the Company were distributed to shareholders of Western Oil Sands as at the close of markets on October 18, 2007 on the basis of one common share of the Company and one-tenth of a warrant to purchase shares of the Company for every one Western Oil Sands share held.
For further information, please refer to Western Oil Sands' news release dated October 18, 2007 and Information Circular dated September 14, 2007 and filed on SEDAR on September 18, 2007.
Corporate Jurisdiction: Alberta
Capitalization: unlimited common shares with no par value of which 170,057,183 common shares are issued and outstanding. Unlimited warrants with no par value of which 16,505,729 warrants are issued and outstanding. Each whole warrant entitles the holder to purchase one common share of the Company at a price of $2.50 per share and will expire on January 18, 2008.
Escrowed Shares: Nil common shares
Transfer Agent: Valiant Trust Company
Trading Symbols: WZR (common shares)
WZR.WT (warrants)
CUSIP Numbers: 960008 10 0 (common shares)
960008 11 8 (warrants)
Private Placement-Non-Brokered

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