OSYKA CORPORATION MAKES HISTORY

NEWS MEDIA CONTACT: Spencer D. Jordan, 866/663-9045 FOR IMMEDIATE RELEASE: Monday, October 3, 2005

Washington, D.C. October 3, 2005 - Osyka Corporation (Osyka), an African-American wholly-owned and operated oil and gas exploration company based in Houston, TX, have become the first-ever African-American company to be awarded an oil block in Africa. Osyka has secured block OPL 277 in the Federal Republic of Nigeria's recently concluded 2005 Oil and Gas Licensing Round.

OPL 277 is located in Nigeria's Niger Delta, a region that has gained international notoriety by the subsequent host community's unrest spawned by years of neglect from major oil companies. West Africa's Gulf of Guinea, home to such billion-barrel discoveries as Bonga, Agbami, and Erha, has become one of the world's most prolific hydrocarbon zones. The Gulf of Guinea is strategically located close to US refineries in the Gulf of Mexico, and its blend of light sweet crude oil makes it a favorite product of US refineries. This has contributed to it's burgeoning importance to US energy security.

Osyka's win is a great validation of NCME's efforts in helping U.S. minority-owned and operated energy companies in capitalizing on business opportunities in Africa. The National Council of Minorities in Energy's ("NCME") President, Jerry V. Curry, said. " This opportunity could not have come at a better time, we now have a minority-owned energy company positioned to capture the attention of the world and to emphasize the importance of minority-owned company's key role in helping secure the vast energy resources in West Africa and advancing the energy security of America."

For more information, contact: Jerry V. Curry (866) 663-9045