Press Releases

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings withdraws its 'F1+' credit enhanced rating on the Austin (TX) Airport System Variable Rate Revenue Notes Series A. Fitch was not asked to provide a rating on the replacement letter of credit.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research

--'U.S. Municipal Structured Finance Rating Criteria', dated April 25, 2011;

--'Rating Guidelines for Letter of Credit-Supported Bonds', July 26, 2011.

Applicable Criteria and Related Research:

U.S. Municipal Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=624129

Rating Guidelines for Letter of Credit-Supported Bonds

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647311

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch RatingsPrimary AnalystRichard Park, +1-212-908-0289Associate DirectorFitch, Inc.One State Street PlazaNew York, NY 10004orSecondary AnalystTrudy Zibit, +1-212-908-0689Managing DirectororMedia RelationsSandro Scenga, +1-212-908-0278sandro.scenga@fitchratings.com

Source: Fitch Ratings

CALGARY, ALBERTA--(Marketwire - Feb. 10, 2012) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE: SOG) is pleased to announce the following promotions:

Mr. Kirk Boote, PEng, has been appointed to Executive Vice President, Engineering

Mr. Boote has over 29 years of experience in reservoir engineering and operations both in western Canada and internationally. Mr. Boote has been the Vice-President, Operations, with Strategic since January 2010. He has a track record of working with projects from inception to execution and to on-stream production. Mr. Boote has worked for Amoco Canada, Vermillion Energy and has extensive consulting experience with Husky Energy, Culane Energy, Wave Energy and many others. His principal areas of expertise lie in reservoir modeling, enhanced recovery, chemical flooding, operations, project management and corporate management.

Mr. Boote graduated with a Bachelor of Chemical Engineering from the University of Calgary.

Mr. Jeff Huckle has been appointed to Vice President, Operations

Mr. Jeff Huckle has over 15 years of industry experience in operations both in western Canada and internationally. Mr. Huckle has been Director of Operations with Strategic since December 2010 and Vice-President of Operations of Steen River Oil & Gas Ltd., a wholly owned subsidiary of SOG, and JED Oil Inc., since April 2008. Mr. Huckle's experience includes work in the Powder River Basin of Wyoming, the Williston Basin of North Dakota and Montana, the Western Sedimentary basin in Alberta, Saskatchewan and northern British Columbia, and in Mongolia. Mr. Huckle has served in the management areas of exploration, operations, and as an oilfield consultant.

Mr. Huckle has an Honours Diploma in Mineral Engineering Technology from the Northern Alberta Institute of Technology.

Ms. Shelina Hirji, CMA, has been appointed to Vice President, Finance

Ms. Shelina Hirji has over 28 years of experience in the oil and gas industry both in western Canada and the USA. Ms. Hirji has been the Controller for Strategic since December 2011 and Controller for Steen River Oil & Gas Ltd. since January 2010. Ms. Hirji's work experience includes senior accounting roles in both public and private companies with extensive participation in growth opportunities and the design and implementation of financial systems and reporting controls.

Ms. Hirji has her Certified Management Accountant designation and is an active member of the Society of Management Accountants of Alberta.

Ms. Barbara Joy has been appointed to Vice President, Land

Ms. Barbara Joy has over 13 years of industry experience holding a variety of roles in the Land profession with companies such as Canadian Natural Resources, BP Outsourcing Division of PricewaterhouseCoopers, and Encana. Ms. Joy's experience includes land strategy and execution, purchase and sale transactions, and negotiations of complex deal structures with Canadian and foreign business entities. She has experience with unconventional resource properties and joint venture operations.

Ms. Joy holds a Bachelor of Commerce Degree, with a major in Petroleum Land Management from the University of Calgary and is a member of the Canadian Association of Petroleum Landmen.

About Strategic

Strategic is a well capitalized junior oil and gas company with an unutilized line of credit, committed to growth by exploiting its light oil assets in Maxhamish, northeast BC and Steen River and Amber in northwest Alberta. Strategic's highly regarded subsurface technical team is primarily focused on implementing development plans for its light oil properties, while continuing to review other high impact light oil resource plays. Strategic's common shares trade on the TSX Venture Exchange under the symbol "SOG".

Complete financial statements, with accompanying management discussion and analysis are available for review at www.sedar.com. Further information with respect to the Corporation can be found on its website at www.sogoil.com.

FORWARD LOOKING INFORMATION: Certain information set forth in this document, including management's assessment of future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond our control. Those risks include, without limitation, the effect of general economic conditions, risks associated with oil and gas exploration, development, production, marketing and transportation, loss of markets, industry conditions and competition, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the ability to access qualified personnel and oilfield services, decisions by regulators, and the ability to access sufficient capital from internal and external sources. Readers are cautioned not to place undue reliance on the forward-looking statements as the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and actual results, performance or achievements could materially differ from those expressed or implied in such forward-looking statements and accordingly, no assurance can be given that any of the events anticipated by forward looking statements will transpire or occur, or if any of them do so, what benefit Strategic will derive there from. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Strategic Oil & Gas Ltd.
        Arn Schoch
        CEO & Chairman
        403.767.2950 or Cell: 403.870.1245
        Fax: 403.767.9122(FAX)

        Strategic Oil & Gas Ltd.
        Gurpreet Sawhney, MBA, MSc., PEng
        President
        403.767.2949
        Fax: 403.767.9122(FAX)

        Strategic Oil & Gas Ltd.
        1800, 510 5th Street SW
        Calgary, AB T2P 3S2
        403.767.9000 or Toll Free: 1.855.525.2900
        Fax: 403.767.9122(FAX)

Source: Strategic Oil & Gas Ltd

TORONTO, ONTARIO -- (MARKET WIRE) -- 02/10/12 -- BMO Bank of Montreal recognizes an important milestone that Canadian consumers will reach this Sunday - Food Freedom Day 2012. According to the Canadian Federation of Agriculture, this day is the calendar date by which the average Canadian will have earned enough money to pay for groceries for the entire year.

Canadians spend an average of just over $7,000 on food annually, which is approximately 10 per cent of household expenditures. That compares to $5,700 (11.4 per cent of household expenditures) in 1997. By comparison, food consumption accounts for 45 per cent of household expenses in Indonesia, 39 per cent in China, and more than 13 per cent in the United States, according to the United Nations Food and Agriculture Organization.

"Concern about widespread food price inflation is receding as the supply outlook for a number of agricultural commodities improves," said Kenrick Jordan, Senior Economist, BMO Capital Markets. "Intense competition in food retailing is also playing a role in restraining price increases. Overall, food price increases are expected to be a fair bit lower, on average, this year compared to 2011."

When asked in a recent BMO poll, 86 per cent of Canadians responded that they felt it was important or very important that they purchase Canadian produced food.

"Canadians benefit from a strong and stable agriculture system with reliable food sources and unparalleled safety. Our study's findings reaffirm the value consumers place on these factors when deciding the food they will purchase for themselves and their families," said David Rinneard, National Manager of Agriculture, BMO Bank of Montreal. Rinneard added that "Food Freedom Day presents Canadians with an opportunity to thank our farmers and show our support for their efforts to maintain a strong and vibrant Canadian agricultural sector."

"By recognizing Food Freedom Day, we also hope to draw attention to the process that brings safe, quality food to the table of Canadians, and to encourage them to make choices at the grocery store that will support the Canadian agriculture and agri-food industry," said Ron Bonnett, President of the Canadian Federation of Agriculture.

BMO's roots in the Canadian agricultural sector date back to 1817, when it first began working with farmers. BMO Bank of Montreal provides customized loan and deposit solutions to Canada's agri-business owners, the single largest core commercial sector that the bank serves. For Canadian businesses, including those in the agriculture and agri-food sectors, looking to innovate, enhance productivity, and grow their business, BMO Bank of Montreal recently announced a credit boost of $10 Billion over the next three years.

Fast Facts About Canada's Agriculture Industry:

--  The agriculture and agri-food sector plays an important role in the
    Canadian economy, employing one in eight jobs directly and accounting
    for 8.1 per cent of total GDP, according to Agriculture and Agri-Food
    Canada.
--  Local farmers' markets are responsible for over $1 billion in sales and
    have a total economic effect of over $3 billion

Survey was completed online from January 23-25, 2012, using Leger Marketing's online panel, LegerWeb, with a sample of 1523 Canadians. A probability sample of the same size would yield a margin of error of +/-2.51 per cent 19 times out of 20.

Contacts:
For news media inquiries, please contact:
Paul Cunliffe, Toronto
416-867-7645
paul.cunliffe@bmo.com

Ronald Monet, Montreal
514-877-1873
ronald.monet@bmo.com

Laurie Grant, Vancouver
604-665-7596
laurie.grant@bmo.com
www.bmo.com

Source: BMO Bank of Montreal

TORONTO, ONTARIO--(Marketwire - Feb. 10, 2012) - BMO Bank of Montreal recognizes an important milestone that Canadian consumers will reach this Sunday - Food Freedom Day 2012. According to the Canadian Federation of Agriculture, this day is the calendar date by which the average Canadian will have earned enough money to pay for groceries for the entire year.

Canadians spend an average of just over $7,000 on food annually, which is approximately 10 per cent of household expenditures. That compares to $5,700 (11.4 per cent of household expenditures) in 1997. By comparison, food consumption accounts for 45 per cent of household expenses in Indonesia, 39 per cent in China, and more than 13 per cent in the United States, according to the United Nations Food and Agriculture Organization.

"Concern about widespread food price inflation is receding as the supply outlook for a number of agricultural commodities improves," said Kenrick Jordan, Senior Economist, BMO Capital Markets. "Intense competition in food retailing is also playing a role in restraining price increases. Overall, food price increases are expected to be a fair bit lower, on average, this year compared to 2011."

When asked in a recent BMO poll, 86 per cent of Canadians responded that they felt it was important or very important that they purchase Canadian produced food.

"Canadians benefit from a strong and stable agriculture system with reliable food sources and unparalleled safety. Our study's findings reaffirm the value consumers place on these factors when deciding the food they will purchase for themselves and their families," said David Rinneard, National Manager of Agriculture, BMO Bank of Montreal. Rinneard added that "Food Freedom Day presents Canadians with an opportunity to thank our farmers and show our support for their efforts to maintain a strong and vibrant Canadian agricultural sector."

"By recognizing Food Freedom Day, we also hope to draw attention to the process that brings safe, quality food to the table of Canadians, and to encourage them to make choices at the grocery store that will support the Canadian agriculture and agri-food industry," said Ron Bonnett, President of the Canadian Federation of Agriculture.

BMO's roots in the Canadian agricultural sector date back to 1817, when it first began working with farmers. BMO Bank of Montreal provides customized loan and deposit solutions to Canada's agri-business owners, the single largest core commercial sector that the bank serves. For Canadian businesses, including those in the agriculture and agri-food sectors, looking to innovate, enhance productivity, and grow their business, BMO Bank of Montreal recently announced a credit boost of $10 Billion over the next three years.

Fast Facts About Canada's Agriculture Industry:

--  The agriculture and agri-food sector plays an important role in the
    Canadian economy, employing one in eight jobs directly and accounting
    for 8.1 per cent of total GDP, according to Agriculture and Agri-Food
    Canada.
--  Local farmers' markets are responsible for over $1 billion in sales and
    have a total economic effect of over $3 billion

Survey was completed online from January 23-25, 2012, using Leger Marketing's online panel, LegerWeb, with a sample of 1523 Canadians. A probability sample of the same size would yield a margin of error of +/-2.51 per cent 19 times out of 20.

FOR FURTHER INFORMATION PLEASE CONTACT:
        For news media inquiries, please contact:
        Paul Cunliffe, Toronto
        416-867-7645
        paul.cunliffe@bmo.com

        Ronald Monet, Montreal
        514-877-1873
        ronald.monet@bmo.com

        Laurie Grant, Vancouver
        604-665-7596
        laurie.grant@bmo.com
        www.bmo.com

Source: BMO Bank of Montreal