Connacher Oil and Gas Limited announces that the company has updated its corporate powerpoint presentation and will post it on its website on Tuesday, March 4, 2008.

Shareholders and investors can access the presentation by going to www.connacheroil.com and following the links by clicking on Investor Info at the top of the home page.

Connacher Oil and Gas Limited is a Calgary-based Canadian oil and natural gas exploration, development and production company. The company's principal assets are its significant bitumen reserves and resources and its 100 percent interest in approximately 95,000 acres of oil sands leases in the Great Divide region near Fort McMurray, Alberta. It also owns conventional production and reserves at Marten Creek and Three Hills, Alberta and at Battrum, Saskatchewan. Connacher owns and operates a 9,500 barrel per day refinery in Great Falls, Montana and maintains a valuable 26 percent equity stake in Petrolifera Petroleum Limited (PDP - TSX), a public company active in Argentina, Colombia and Peru in South America.

SOURCE: Connacher Oil and Gas Limited

Richard A Gusella, President and Chief Executive Officer, Connacher Oil and Gas Limited, Phone: (403) 538-6201, Fax: (403) 538-6225, Email: inquiries@connacheroil.com, Website: www.connacheroil.com