GLOBAL OIL SHALE GROUP PLC SIGNED A STRATEGIC OIL SHALE DEVELOPMENT AND ENGENEERING AGREEMENT WITH WEGA ADVISORS OY OF FINLAND

Global Oil Shale Group Plc is focused on open pit mining of near surface oil shale resources and processing these into shale oil, electrical energy and other value added products. The technology employed by GOS has a long history of successful operation and adheres to strict environmental standards.

Wega Advisors Oy is an independent provider of high-quality market analysis, marketing and sales planning, financing advisory and project management services for a wide range of industries including oil and gas, petrochemical and chemical industries.

Wega competences contain expertise in crude oil and its derivatives trading, logistics services and trade finance solutions.

For further information contact:

Petri Karjalainen – Executive Chairman
Tel: +44 7811 200 885 e-Mail: pk@globaloilshale.com

Anton Eiguine – Investor Relations
Tel: +44 1534 88 6644 e-Mail: ase@globaloilshale.com