Laredo Oil Announces Enhanced Oil Recovery Strategy

BIG HORN, Wyo., Nov. 9 /PRNewswire-FirstCall/ -- Laredo Oil, Inc. (OTC
Bulletin Board: LRDC), an Exploration and Production company specializing in
incremental production on domestic oil fields, today announced its business
strategy.

According to Mark See, Chairman and CEO, "Our strategy is simple. Laredo Oil
will acquire targeted mature and abandoned oil fields and use customary
underground equipment to recover stranded oil reserves previously thought to
not be economically recoverable. Using a reserved Classification and Ranking
program, we have identified over 100 potential target fields containing an
estimated 18 billion barrels of stranded oil."

The Underground Gravity Drainage(TM) ("UGD(TM)") Business Method consists of
using time tested tunneling practices to go underneath mature and declining
oil fields. From an underground chamber next to the reservoir, inexpensive
holes are drilled into the oil formation from which stranded reserves are
produced.

"By acquiring carefully chosen fields graded by our restricted classification
program and using UGD(TM), we should be able to profitably recover a
substantial amount of oil from declining reservoirs," says Chief Financial
Officer, Bradley E. Sparks.

ABOUT LAREDO OIL, INC.

Laredo Oil, Inc. (www.laredo-oil.com) plans to acquire targeted mature and
depleted oil fields and use UGD(TM) to profitably recover stranded oil
reserves previously thought to be incapable of economic recovery. Our common
stock is listed on the OTC Bulletin Board under the symbol, "LRDC".

The statements made by Laredo Oil, Inc. in this press release may be
forward-looking in nature and are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements describe the Company's future plans, projections, strategies and
expectations, and may be identified by words such as "expects", "anticipates",
"intends", "plans"," "believes", "seeks", "estimates" or words of similar
meaning. These forward-looking statements are based on assumptions and involve
a number of risks, uncertainties, situations and other factors that may cause
our or our industry's actual results, level of activity, performance or
achievements to be materially different from any future results, level of
activity, performance or achievements expressed or implied by these
statements. These factors include changes in interest rates, market
competition, changes in the local and national economies, and various other
factors detailed from time to time in Laredo Oil, Inc. SEC reports and
filings, including our Annual Report on Form 10-K and subsequent Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. The Company undertakes
no obligation to update publicly any forward-looking statements to reflect new
information, events or circumstances after the date hereof to reflect the
occurrence of unanticipated events.

SOURCE Laredo Oil, Inc.

Brad Sparks of Laredo Oil, Inc., +1-214-296-4464, bsparks@laredo-oil.com