VEL

Vanoil Energy Ltd. (TSX VENTURE:VEL) ("Vanoil" or the "Company") is pleased to
announce a non-brokered private placement of up to 4,651,163 common shares at a
price of $0.43 per share for aggregate gross proceeds of up to $2 million, with
a 10% overallotment option.


The securities issued pursuant to the private placement will be subject to a
four month hold period from the closing date. The Company may pay finder's fees
in connection with the private placement, subject to compliance with the
policies of the Exchange. Completion of the private placement and the payment of
any finder's fees remain subject to the receipt of all necessary regulatory
approvals, including the approval of the Exchange.


The proceeds of the private placement will be used for the continued exploration
and development of the Company's African properties and for general working
capital purposes.


About Vanoil Energy Ltd.

Based in Vancouver, Canada, Vanoil is an internationally diversified oil and gas
exploration company that has a portfolio of oil and gas assets in the African
countries of Kenya and Rwanda, and in the Province of Alberta, Canada. In Kenya,
Blocks 3A and 3B were acquired in October 2007 through the signing of a
Production Sharing Contract with the Government of the Republic of Kenya. Blocks
3A and 3B, which cover 24,912 square kilometres, are part of the under-explored
Cretaceous Central African Rift Basin System. Vanoil has a 1,631 square
kilometer oil and gas exclusive licence in the East Kivu Graben in Rwanda.
Vanoil also owns a 42% working interest in the Sarcee 12-13 gas well and the
surrounding four sections (2,560 acres) of land in the Turner Valley Area in
South-western Alberta.


Disclaimer for Forward Looking Information

This news release includes forward looking statements that are subject to
assumptions, risks and uncertainties. Statements in this news release which are
not purely historical are forward looking statements, including without
limitation any statements concerning the Company's intentions, plans, estimates,
beliefs or expectations regarding the future. Although the Company believes that
any such intentions, plans, estimates, beliefs and expectations in this news
release are reasonable, there can be no assurance that any such intentions,
plans, beliefs and expectations will prove to be accurate.


The Company cautions readers that all forward looking statements, including
without limitation those relating to the Company's future operations and
business prospects, are based on assumptions none of which can be assured, and
are subject to certain risks and uncertainties that could cause actual events or
results to differ materially from those indicated in the forward looking
statements. Readers are advised to rely on their own evaluation of such risks
and uncertainties and should not place undue reliance on forward looking
statements.


Any forward looking statements are made as of the date of this news release, and
the Company assumes no obligation to update the forward looking statements, or
to update the reasons why actual events or results could or do differ from those
projected in the forward looking statements. The Company assumes no obligations
to update any forward looking statements, whether as a result of new
information, future events or otherwise.

Vanoil Energy Ltd. (TSXV:VEL)
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