Xtreme Oil & Gas Announces Effective Water Flood Operations in West Texas

PLANO, TX–(Marketwire - Feb 7, 2012) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, and production of crude oil, is pleased to announce that the company has received confirmation that its water flood injection technique at its 5 Star West Thrifty Texas property has been successful in creating pressure and fluid recovery to the production wells.

The water flood injection method employed here injects water back into a reservoir to increase pressure and stimulate oil production. The injections of water come from strategically placed wells and pumps that wash the trapped oil out of the formation towards the producing wellbores. The effectiveness of this technique is demonstrated when the presence of oil and water appear in the targeted production wells.

“Management is extremely pleased to announce that our strategic drilling methods have been validated,” stated Mr. McAndrew, CEO of Xtreme Oil & Gas. “The communication amongst our wells signals that we are rapidly approaching significant oil extraction from our West Thrifty Texas location. The drilling site is currently 1,200 acres and has previously produced over 8 million barrels of oil. In keeping with our strategic drilling initiatives, we expect to begin oil production from this site in late February.”

About Xtreme Oil & Gas
Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas. The company’s oilfield services disposes of saltwater for independent energy producers.

Forward-Looking Statements
Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission

Company Contact:

Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Investor Contact:

Alliance Advisors, LLC
Alan Sheinwald, President & Founder
(914) 669-0222
ASheinwald@AllianceAdvisors.net
www.AllianceAdvisors.net

February 2, 2012 12:03 PM ET.

In the news release, “Xtreme Oil & Gas to Be Featured on The Money Show With Steve Crowley,” issued earlier today by Xtreme Oil & Gas, Inc., we are advised by the company that the name of the radio show should be “The Money Channel with Steve Crowley” instead of “The Money Show with Steve Crowley” as originally issued. Complete corrected text follows.

Xtreme Oil & Gas to Be Featured on The Money Channel With Steve Crowley

PLANO, TX — February 2, 2012 — Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, is pleased to announce that CEO, Mr. Willard McAndrew, will be interviewed on American Scene Radio - The Money Channel with Steve Crowley Live on Monday, February 6th 11:00 am Eastern Standard Time. Listeners can tune in at: www.moneychannel.tv to hear the live interview.

“Xtreme Oil & Gas are thankful to Steve Crowley and American Scene Radio for providing us with the opportunity to detail our compelling growth strategy to the investment community,” stated Mr. McAndrew, CEO of Xtreme Oil & Gas. “We believe the timing of this interview is ideal, due to the recent operational achievements that our company has undergone. The Company is now producing oil from several sites, progressing with commercialization of our high-margin saltwater distribution business, and expecting to break ground on additional oil producing locations in the near term. We believe the company is well situated for future growth and are excited to detail our business model to such a relevant audience.”

The Money Channel with Steve Crowley possesses approximately 3 Million listeners during the three-hour daily radio broadcasts through the Information Radio Network, and on the Internet worldwide. Mr. Crowley interviews all of the top experts, analysts, money managers and authors covering stocks, investments, business, the economy and trends, Small-Cap CEOs and much more. More than 200 Financial “Stars” are interviewed in constant rotation… from Steve Forbes, Tobin Smith, Beth Dater, Larry Kudlow plus many more. The show is broadcast LIVE around the country.

About Xtreme Oil & Gas
Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas. The company’s oilfield services disposes of saltwater for independent energy producers.

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

About Steve Crowley’s American Scene Radio Program
America’s #1 Money-Talk Radio Program… owns and produces the most successful, national Money-talk Radio program in America. “Steve Crowley’s American Scene” was launched from the Disney/MGM Radio Studios at the Walt Disney World Resort in June 1990. American Scene attracts a larger and larger radio audience every month from coast to coast.

Forward-Looking Statements
Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

Contact Information

Contact
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Investor Relations:
Alliance Advisors
Thomas Walsh
(212) 398-3486

Xtreme Oil & Gas to Be Featured on The Money Show With Steve Crowley

Interview February 6th 11:00 AM (EST)

PLANO, TX–(Marketwire - Feb 2, 2012) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, is pleased to announce that CEO, Mr. Willard McAndrew, will be interviewed on American Scene Radio - The Money Show with Steve Crowley Live on Monday, February 6th 11:00 am Eastern Standard Time. Listeners can tune in at: www.moneychannel.tv to hear the live interview.

“Xtreme Oil & Gas are thankful to Steve Crowley and American Scene Radio for providing us with the opportunity to detail our compelling growth strategy to the investment community,” stated Mr. McAndrew, CEO of Xtreme Oil & Gas. “We believe the timing of this interview is ideal, due to the recent operational achievements that our company has undergone. The Company is now producing oil from several sites, progressing with commercialization of our high-margin saltwater distribution business, and expecting to break ground on additional oil producing locations in the near term. We believe the company is well situated for future growth and are excited to detail our business model to such a relevant audience.”

The Money Show with Steve Crowley possesses approximately 3 Million listeners during the three-hour daily radio broadcasts through the Information Radio Network, and on the Internet worldwide. Mr. Crowley interviews all of the top experts, analysts, money managers and authors covering stocks, investments, business, the economy and trends, Small-Cap CEOs and much more. More than 200 Financial “Stars” are interviewed in constant rotation… from Steve Forbes, Tobin Smith, Beth Dater, Larry Kudlow plus many more. The show is broadcast LIVE from all the Money Shows around the country.

About Xtreme Oil & Gas
Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas. The company’s oilfield services disposes of saltwater for independent energy producers.

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

About Steve Crowley’s American Scene Radio Program

America’s #1 Money-Talk Radio Program… owns and produces the most successful, national Money-talk Radio program in America. “Steve Crowley’s American Scene” was launched from the Disney/MGM Radio Studios at the Walt Disney World Resort in June 1990. American Scene attracts a larger and larger radio audience every month from coast to coast.

Forward-Looking Statements
Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

Contact Information

Contact
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Investor Relations:
Alliance Advisors
Thomas Walsh
212-398-3486

Xtreme Oil & Gas Begins Saltwater Disposal Operations

PLANO, TX–(Marketwire - Jan 10, 2012) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, announced today that it has begun disposal operations on its first Saltwater Disposal Well in Oklahoma.

“We are pleased to put this well into operation this past weekend,” stated Willard G. McAndrew III, CEO of Xtreme. “Disposing of our first truckload of saltwater is a significant milestone towards achieving earnings growth. The increasing drive for the U.S. to become ‘energy independent,’ along with technological advances enabling the revitalization of wells and access to oil and gas previously unattainable, have driven the market for independent saltwater disposal. The growth of U.S. oil and gas producers has created a vast need for oilfield services, and Xtreme Oil & Gas plans to expand this business while increasing our own energy production. We expect to increase saltwater disposal throughout 2012, beginning with the disposal of 3,000 barrels per day this quarter and increasing to 15,000 barrels per day with the potential for $7 Million in annual revenue.”

Saltwater disposal is an integral service for oil and gas producers. The process allows operators to cleanly and safely dispose of the saltwater generated during production. Saltwater disposal wells provide environmentally safe and proper disposal of produced saltwater at a reduced cost for oil and gas exploration companies.

About Xtreme Oil & Gas
Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas. The company’s oilfield services disposes of saltwater for independent energy producers.

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

Contact Information

Contact

Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Investor Relations:
Alliance Advisors
Bryan Kobel
Vice President
212-398-3486

Drilling Begins on Xtreme Oil & Gas Kansas Well

PLANO, TX–(Marketwire - Dec 6, 2011) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, announces today that the Company has reached a vertical drilling depth of over 3,000 feet on the Hoffman well in Kansas. Additionally, the specialized equipment is on site to begin the next stage of horizontal drilling and hydraulic fracturing. Hoffman is the first well to be drilled on the Company’s 8,516 acre Kansas property. The Company owns a 15% interest in the Kansas property and is partnered with three other oil and gas companies, all of which reviewed the geological studies on the formations.

“Xtreme and its drilling partners continue to deploy state of the art technology to exploit oil and gas formations successfully throughout Oklahoma, Kansas and Texas,” stated Willard G. McAndrew, CEO of Xtreme. “The Kansas property has previously produced 23 million barrels of oil and fits our profile of applying today’s methods to properties with prior prolific production history, taking advantage of significant technological advances in oil recovery technology. Management anticipates that production may begin by early 2012 and we expect to successfully repeat this process on additional wells in Kansas over the coming months.”

Xtreme Oil & Gas

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing oil and gas from properties it owns and operates in Texas and Oklahoma.

Forward-Looking Statements

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

Contact Information

Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Alliance Advisors
Bryan Kobel
Vice President
212-398-3486
Email Contact

Xtreme Oil & Gas to Present at the 4th Annual LD MICRO Growth Conference

PLANO, TX–(Marketwire - Nov 30, 2011) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), a Dallas-based independent energy and oilfield services company engaged in the exploration and production of oil and gas properties in the U.S and a leading provider of salt water disposal services to the industry, announced today management will be presenting at the LD MICRO Growth Conference on Thursday, December 8th at 12:30 (PST) on Track 4.

The conference will have 101 companies presenting over two days and is being held at the Luxe Sunset Bel Air Hotel in Los Angeles, California. The LD MICRO Invitational showcases some of the fastest growing and profitable names on the OTC, NASDAQ, and NYSE.

Xtreme Oil & Gas

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing oil and gas from properties it owns and operates in Texas and Oklahoma.

About LD MICRO

LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. LD MICRO concentrates on finding, researching, and investing in companies that are overlooked by institutional investors. It is a non-registered investment advisor. To learn more, please call 408-457-1042 or visit http://www.ldmicro.com

Forward-Looking Statements

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

Contact Information

Contact:

Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Alliance Advisors
Bryan Kobel
Vice President
212-398-3486
Email Contact

Xtreme Oil & Gas Announces Revenue of $2.3 Million for the Nine Month Period Ended September 30, 2011

Management Provides Shareholder Update

PLANO, TX–(Marketwire - Nov 11, 2011) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, announced today third quarter and nine month financial results for the period ended September 30, 2011.

“Throughout the third quarter and first nine months of 2011, management has been dedicated to building a strong foundation of growth for the fourth quarter and beyond,” stated Willard G. McAndrew III, CEO of Xtreme Oil & Gas, Inc. “We now have the capital to expand our drilling operations into Kansas, enhance our saltwater disposal well, and move our West Thrifty Fry Sands, Ellenberger Wells and Hancock into production and continuing to produce the Robinson well into production. Going forward, management remains committed to our long term growth strategy and to building shareholder value.”

Mr. McAndrew III continued, “In addition to completing our oil projects in Texas and Oklahoma (we have already begun recovering oil from these sites) we are mobilizing a drilling rig into Kansas for the first of two wells to be drilled. The Company experienced success in our high-margin saltwater disposal business by signing LOIs for up to 15,000 barrels of saltwater per day from AMEREX and Southern Wellhead. With newly drilled sites producing returns on investment and management moving towards large scale commercialization of our saltwater disposal operations, we expect that 2012 will generate expanded margins, increased top line revenue and strong earnings. Additionally, management recently received a third party private valuation that concluded Xtreme was worth over $102 million. The valuation was performed using several methods including discounted cash flow, price to earnings based on market comparable data and book value. Recent operational achievements coupled with the numerous opportunities that lay ahead, position us to become a market leader within the independent energy market.”

2011 Company Highlights

•Signed a Letter of Intent from AMEREX Resources and Southern Wellhead, resulting in up to $7 million for disposal of 15,000 barrels per day of saltwater in Xtreme’s Oklahoma commercial disposal well.

•Announced that drilling on the Hancock well has been completed, and is drilled to the Hunton formation, adjacent to a well that has produced 18,000 barrels of oil in the previous 9 months. ◦The site is located within a mile of the Company’s Robinson well which has produced over 38,000 barrels of oil in the past 12 months.

•The Company announced three new completed wells on its West Texas property passed final testing with the Railroad Commission of Texas allowing us to begin injecting water into our 5-Star Well project.

•Xtreme’s Saltwater Disposal Well has completed the final testing required by the Oklahoma Corporate Commission and finished acidizing and fracking the formation to accept saltwater. ◦The well exhibits unique characteristics for a prolonged period of revenue generation of up to 20 years and stable margins

•Announced results at the Robinson well in Oklahoma achieved initial production of over 300 barrels of oil and 850,000 cubic feet of gas per day. ◦Current regular production has settled in at approximately 200 barrels of oil and 1,000,000 cubic feet of gas per day.

Three Month Financial Results for the period ended September 30, 2011

For the three months ended September 30, 2011, net revenue was $122,766 an increase of approximately $98,000 from $24,628 for the three months ended September 30, 2010. The increase was principally due to sale of working interest in the West Thrifty Unit that resulted in $115,000 in revenue. Revenue for oil sales for the three months ended September 30, 2011 was $7,766.

Oil production costs for the three months ended September 30, 2011 totaled $50,389, a decrease of $1,477 from $51,866 for the three months ended September 30, 2010. The decrease is due to reduced maintenance activities on all of our properties. Production costs exceeded oil and gas revenues because of higher costs operations.

General and administrative expenses totaled $593,519, for the three months ended September 30, 2011, a decrease of $776,332, from $1,369,851 for the three months ended September 30, 2010. This reduction in general and administrative expense is largely driven by reduction in expenses for services delivered. These expenses, incurred in 2011, included salaries, utilities and rent, consulting fees, and presentation fees.

For the three months ended September 30, 2011, Xtreme had net loss of $4,082,873 compared with a net loss of $1,411,447 for the three months ended September 30, 2010. This increase in net loss was primarily due to $3.4 million in accounting charges taken for derivative instruments during the period ended September 30, 2011. Xtreme Oil & Gas reported a loss of $0.09 per share for the quarter versus a loss of $0.03 per share during the same quarter in 2010.

Nine Month Financial Results for the period ended September 30, 2011

For the nine months ended September 30, 2011, net revenue was $2,393,989 an increase of $2,321,510 from $72,749 for the nine months ended September 30, 2010. Increase in revenue was due primarily to income from sale of working interest of $2,336,078 for the nine months ended September 30, 2011.

Oil production costs for the nine months ended September 30, 2011 totaled $144,221, a decrease of $52,602 from $196,823 for the nine months ended September 30, 2010. The decrease is due to reduced production costs on all of our properties. Production costs exceeded oil and gas revenues because of higher costs of maintenance and continued additional operations to increase future production on certain wells in Texas.

General and administrative expenses totaled $1,528,679 for the nine months ended September 30, 2011, a decrease of $3,012,907, from $4,541,586 for the nine months ended September 30, 2010. These general and administrative expense differences are largely driven by a reduction in professional services expenses. These expenses, accrued in 2011, included salaries, utilities and rent, consulting fees, stock-based compensation, and presentation fees.

For the nine months ended September 30, 2011, Xtreme had a net loss of $2,933,828 compared with a net loss of $5,084,003 for nine months ended September 30, 2010. This decrease in net loss was due primarily to income from sale of working interest during the period ended September 30, 2011.

For the nine months ended September 30, 2011, Xtreme’s net loss per share on a basic and diluted basis was $0.07 compared to a loss of $0.12 per share for the nine months ended September 30, 2010. Without the non-cash charges for debt discount amortization, gain of debt extinguishment and derivative losses on convertible debt Xtreme would have had net income per share on a basic and fully diluted basis of $0.01 per share.

The Company believes it is useful for the Company and investors to consider this non-GAAP measure as it excludes significant onetime accounting charges related to the Notes and Warrants we issued during the third quarter.

Xtreme Oil & Gas

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing oil and gas from properties it owns and operates in Texas and Oklahoma.

Forward Looking Statements

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

Contact Information

Contact:

Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Xtreme Oil & Gas Completes Drilling and Fracking of Hancock Well

PLANO, TX–(Marketwire - Nov 2, 2011) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, announces today that drilling on the Hancock well has been completed. Hancock is located in the Sooner trend in the Anadarko Basin and is drilled to the Hunton formation, adjacent to a well that has produced 18,000 barrels of oil in the previous 9 months. The site is located within a mile of the Company’s Robinson well which has produced over 38,000 barrels of oil in the past 12 months.

After drilling was finished, the Hancock well underwent a state of the art 16 stage fracking operation to expand the wellbore’s reach into the oil and gas formation. This work resulted in expanding our contact with the formation to over 1,500 feet through the existing vertical seams. These wells are all exploiting similar vertical geological structures that are present in the Company’s Kansas properties making horizontal drilling and fracturing technologies an excellent choice for these projects.

“Xtreme and its drilling partners continue to deploy state of the art technology to exploit oil and gas formations,” stated Willard G. McAndrew, CEO of Xtreme. “The Hancock and Robinson wells are using the same successful technologies that will be applied in Kansas and our collective experience continues to produce fruitful results. We expect production to begin in the next two weeks. Due to the heterogeneous and porous nature of the Hunton formation, our unique process is ideal to extract oil. Management expects to successfully repeat this process on numerous wells over the coming months.”

Xtreme Oil & Gas

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations producing oil and gas from properties it owns and operates in Texas and Oklahoma.

Forward Looking Statements

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

Contact Information
Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Xtreme Oil & Gas’ 5-Star Project to Commence Injection

PLANO, TX–(Marketwire - Oct 27, 2011) - Xtreme Oil & Gas, Inc. (OTCBB: XTOG) (OTCQB: XTOG) an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, announced three new completed wells on the Company’s West Thrifty property in Brown County Texas passed final testing with the Railroad Commission of Texas allowing us to begin injecting water into our 5-Star Well project. These wells were completed in the Fry Sands formation and the Company expects to begin the injection process in November.

Willard G. McAndrew III, CEO of Xtreme, commented, “Passing these tests is the last critical step we needed to finish before beginning our water injection, with results expected by year end. By using a targeted water-flooding methodology within this 1,200 acre Texas property, we expect to significantly increase our daily oil production from this project. Additionally, geological studies imply we could copy this method in over a dozen additional locations on this property. As we layer on revitalizing well projects, like our 5-Star Well project, to salt water business, we continue to see leverage in our model with the added upside of future drilling projects.”

Xtreme Oil & Gas, Inc.

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas.

Forward-Looking Statement

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

Contact Information

Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Investor Relations:
Bryan Kobel
Alliance Advisors
212-398-2513
Email Contact

Xtreme Oil & Gas Completes Final Testing on Saltwater Disposal Well

PLANO, TX–(Marketwire - Oct 19, 2011) - Xtreme Oil & Gas, Inc. (OTCQB: XTOG) (OTCBB: XTOG), an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, announced today that its Saltwater Disposal Well has completed the final testing required by the Oklahoma Corporate Commission and finished acidizing and fracking the formation to accept saltwater.

The well exhibits unique characteristics for a prolonged period of revenue generation of up to 20 years and stable margins. XTOG’s acidizing work resulted in the well transitioning to a vacuum stage where it will naturally draw in saltwater, creating cost savings for well operations.

Willard G. McAndrew III, CEO of Xtreme, commented, “We have begun the installation of the tanks, pump and disposal pits and expect revenue to commence on this project in the fourth quarter. With letters of intent to potentially dispose of 15,000 barrels of saltwater, representing $7 Million in annual revenue, we are well positioned to have this project contributing to earnings shortly. Completing these tests is the last critical step we needed to finish before beginning our saltwater disposal operations. Maintaining full compliance with the regulatory bodies is always our goal.”

Xtreme Oil & Gas, Inc. is a rapidly growing Dallas based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas.

Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.

Contact Information

Xtreme Oil & Gas, Inc.
(214) 432-8002
www.xtoginc.com

Investor Relations:
Alliance Advisors
Bryan Kobel
Vice President
212-398-3486