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President of Siberian Energy Group, Inc. To Speak at the Investment Symposium in Washington, D.C.

Posted on: Thursday, 18 October 2007, 18:00 CDT

Siberian Energy Group, Inc. (OTCBB: SIBN) (SEG), a U.S.-based publicly traded oil and gas exploration company with 100% of its assets located in West Siberia, Russia, announces that on October 19, 2007, Helen Teplitskaia, President of SEG, who also serves as President of the American-Russian Chamber of Commerce & Industry and Adjunct Professor at Northwestern University Kellogg School of Management, will speak at the 11th Annual Russian Investment Symposium organized by the International Economic Alliance (IEA) in partnership with the International Finance Corporation (IFC) -- member of the World Bank Group. To coincide with the IMF-World Bank Annual Meetings, this year's Symposium will be held in Washington, D.C.

"The Russian Investment Symposium brings together key international decision makers in business, finance and policy with the leading academics. This is a unique forum to discuss opportunities and challenges, as well as devise strategies for investment and trade with one of the most profitable emerging markets -- Russia," said Helen Teplitskaia.

Teplitskaia, a leading expert on Russian/Eurasian affairs, will address the major theme of the Symposium "What Does Russia Want?" focusing on globalization of Russian companies and what will take "Global Russia" to become a reality. "As wealth in the Russian economy continues to grow, so do the opportunities for Russian companies to increase investments in Europe and North America," said Teplitskaia. "Many of these companies have made remarkable progress in moving from the Soviet administration to Western style management. However, due to perception issues, resistance to Russia's penetration in these markets is often strong. To eliminate Cold War biases, Russian companies need to intensify their lobbying and PR activities abroad, spotlighting their adoption of international standards and track record of success with international acquisitions."

About Siberian Energy Group, Inc.

Siberian Energy is a unique, U.S.-based public oil and gas exploration company with 100% of its assets located in West Siberia, Russia. The Company evaluates investment and acquisition opportunities in Russia and Eastern Europe with the goal of bringing a portfolio of natural resource licenses and operating companies to Western investors. Siberian Energy strives to provide an attractive ROI to shareholders by pursuing high-yield investment projects, reducing costs, and adhering to strict principles of transparency, disclosure and environmental consciousness. Additional information may be found at www.siberianenergy.com.

The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the company. Readers should carefully review the risks described in other documents the company files from time to time with the Securities and Exchange Commission, including Annual Reports, Quarterly Reports and Current Reports on Form 8-K.

 Contact: Siberian Energy Group, Inc. David Zaikin Chief Executive Officer Tel: 212-828-3011 Email: Email Contact

SOURCE: Siberian Energy Group, Inc.

Source: MARKET WIRE

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