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Message: Files Third Default Status Report

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Files Third Default Status Report

posted on May 11, 09 01:00PM

May 11, 2009

Oilexco Files Third Default Status Report

CALGARY, ALBERTA--(Marketwire - May 11, 2009) - Oilexco Incorporated ("Oilexco" or "the Company") (TSX VENTURE:OIL) (LSE:OIL) provides its third bi-weekly Default Status Report as per National Policy 12-203 - Cease Trade Orders For Continuous Disclosure Defaults. Since the previous announcement issued April 27th, the Company reports that no material changes have occurred. The Company continues to develop a re-organization plan.

Oilexco Inc. intends to issue the next default status report on May 25, 2009 if the year end regulatory documents are not filed before this date.

About the Company

Oilexco shares are listed for trading on the TSX Venture Exchange (TSX-V) under the symbol "OIL".

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