Matrix Statement on opening of new office in Bakersfield, CA.

Matrix Oil Corporation (“Matrix”) announces the opening of its office in Bakersfield, CA. at 5001 California Avenue, Suite 111 wherein Mr. Randy Groves, Vice President of Land, will manage and execute all of Matrix’s land management activities. As Vice President of Land, he is responsible for all aspects of managing Matrix’s land department, including negotiating and drafting industry participation agreements, leasehold acquisitions, property divestitures, lease records maintenance and broker supervision. Mr. Groves will lend his considerable experience in several oil and gas basins throughout the United States along with his management experience in strategic planning and joint venture relations for major oil companies and independents to provide continued growth for Matrix.