Paradigm Oil & Gas, Inc. (OTCBB: PDGO) Appoints New Executive Management

MABANK, TEXAS, Apr 06 (MARKET WIRE) --
The Board of Directors of Paradigm Oil & Gas (OTCBB: PDGO) announced
today the appointment of Brian Kennedy as Chief Financial Officer and
Joseph Fiore as Chief Operations Officer. The appointments will take
effect immediately.

Brian Kennedy, Chief Financial Officer

Mr. Kennedy has over 30 years of business experience and during his
career has held several CEO and CFO positions with both public and
private companies. His experience spans areas of general management,
business planning, accounting and financial reporting, treasury
functions, intellectual property and licensing, mergers and acquisitions,
and Board of Director positions. Mr. Kennedy is a Chartered Accountant
and has a Bachelor of Business Administration degree from York University.

Previously Mr. Kennedy was CEO of Luxell Technologies, listed on the
Toronto Stock Exchange, where under his leadership grew the company from
a $0.25 share value to over $9.00. Over the last 3 years, Mr. Kennedy
worked on numerous oil and gas recovery projects, whereby utilizing new
technologies he successfully increased the production output of the wells.

"The company will benefit greatly from Brian's background and
experience," said Marc Juliar, Paradigm Oil & Gas CEO. "Brian brings both
outstanding industry experience and business development skills to the
company that will greatly benefit our investors."

Joseph Fiore, Chief Operating Officer

Mr. Fiore has over 30 years of corporate experience in business
development and marketing. He has broad based experience with major
corporations such as Mobile Geophysical Service, a division of Mobile
Oil, and Geophysical Service, a division of Texas Instruments, where he
gained valuable hands on petroleum industry experience. His combination
of project development and operating experience will add significant
value as Paradigm moves into the Q2 work program.

"We are delighted that Joseph is joining us." Mr. Juliar stated "He has
exactly the right blend of senior project management and operational
know-now. He is a valuable asset to the company at a time when we are
moving into production and commercialization."

About Paradigm Oil & Gas, Inc.

Paradigm Oil & Gas, Inc. (OTCBB: PDGO) identifies and acquires energy
properties with previously discovered known oil and gas reserves that
have not either been fully produced from, or fully developed and defined.
Utilizing new technologies, Paradigm expects to generate profit from
these previously producing wells. The company has acquired properties
covering 934 acres all located in the State of Texas, USA. Combined there
are a total of 9 existing previously producing wells and available
spacing to support the drilling of approximately 30 new wells in the
3,800' to 9,000' range and approximately 50 new wells in the 800' to
1,800' range. For more information about Paradigm Oil & Gas, visit the
website at www.ParadigmOilInc.com.

Safe Harbor

This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Those statements include
statements regarding the intent, belief or current expectations of
Paradigm Oil & Gas, Inc. with members of its management team as well as
the assumptions on which such statements are based. Prospective investors
are cautioned that any such forward-looking statements are not guarantees
of future performance and involve risks and uncertainties, and that
actual results may differ materially from those contemplated by such
forward-looking statements. Important factors currently known to
management that could cause actual results to differ materially from
those in forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The Company undertakes no obligation to
update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to future
operating results.

Contacts:
Investor Relations:
Paradigm Oil & Gas, Inc.
Terry Rutter
terryr@paradigmoilinc.com

Paradigm Head Office
123 E. Market St.
Mabank, Texas
USA
75147
(903) 880-1161

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