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Stetson Shareholders Approval Election of Directors, Including Addition of Dr. Fari Goodarzi

June 19, 2008

STETSON OIL & GAS LTD. (“Stetson” or the “Company”) (TSX VENTURE: SSN) is pleased to announce that at its Annual General and Special Meeting of Shareholders meeting, Dr. Fari Goodarzi was elected to the Board of Directors.

Dr. Goodarzi’s background includes over 40 years of technical and management roles with public, private and government corporations. Fari managed and successfully conducted various regional hydrocarbon evaluation studies in frontier basins such as Arctic Canada. He has extensive experience in the exploration of conventional and unconventional oil, gas & coal resources. Dr. Goodarzi holds a Master of Science and a Doctor of Philosophy in Geology and Geochemistry from University of Newcastle-Upon Tyne in England and is a Fellow of the Royal Society of Canada.

Dr. Goodarzi joins Stan Bharti, Ahmed Said, Bill Ward and Tony Wonnacott on the Board of Directors, all of whom were re-elected by shareholders at the meeting.

Stetson is an emerging junior oil and gas company with exploration, development, and production programs in Saskatchewan and Alberta.

STETSON OIL & GAS LTD.

Bill Ward, President & CEO

Cautionary Note Regarding Forward-looking Information

Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include, without limitation, statements regarding the impact of the election of the board on the Company. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially, include, among others, execution risks, risks inherent in the oil and gas industry and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 Contacts: Stetson Oil & Gas Ltd. Bill Ward President & CEO (403) 531-1711 Email: bward@stetsonoilandgas.com Website: www.stetsonoilandgas.com

SOURCE: Stetson Oil & Gas Ltd.




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