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Media/Analyst Advisory – Highpine Oil & Gas Limited Announces Q3 Earnings Release and Conference Call With Management

November 8, 2007
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CALGARY, Nov. 8 /PRNewswire-FirstCall/ — Highpine Oil & Gas Limited (TSX: HPX) (“Highpine” or the “Company”) will announce its third quarter 2007 results after market close on November 8, 2007. The Company will also host a conference call to discuss its financial and operational results at 9:00 am MST, Friday, November 9, 2007.

The call can be accessed toll free by dialing Canada and USA: 1-800-319-4610; Outside Canada and USA: 1-604-638-5340. Please phone in 10-15 minutes prior to the start of the call. The conference call will also be broadcast live over the internet on Highpine’s website located at http://www.highpineog.com/ Digital Playback will be available until December 1, 2007 in North America Toll Free: 1-800-319-6413, Pin Code: 2090 followed by the number sign.

About Highpine Oil & Gas Limited

Highpine is a Calgary-based oil and natural gas company engaged in exploration for and the acquisition, development and production of natural gas and crude oil in western Canada. Highpine’s current exploration and development efforts are focused in the Pembina Nisku and West Central Alberta Gas Fairways, both located in Central Alberta. The Company’s class “A” common shares trade on the Toronto Stock Exchange under the symbol “HPX”.

The Toronto Stock Exchange has neither approved nor disapproved

the information contained herein.

Highpine Oil & Gas Limited

CONTACT: A. Gordon Stollery, President and Chief Executive Officer; BobRosine, Executive Vice President, Corporate Development; Harry D. Cupric, VicePresident, Finance and Chief Financial Officer, Telephone: (403) 265-3333,Facsimile: (403) 265-3362, Website: http://www.highpineog.com/; Media Contact: ShaunaMacDonald, Brookline Public Relations, (403) 538-5645