Maverick’s Board to Accept Resignation of its Chief Executive Officer
Dallas, Texas — March 27, 2007

Maverick Oil and Gas, Inc. (OTCBB:MVOG) today announced that it has accepted the resignation of James A. Watt, as Chief Executive Officer of the Company and Chairman of the Board. Mr. Watt has agreed to assist the Company through a transition period.
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Maverick to sell Barnett Shale Properties for $22.5 million
Dallas, Texas — March 2, 2007

Maverick Oil and Gas, Inc. (OTCBB:MVOG) today announced that it has signed a Purchase and Sale Agreement for the sale of its interest in Barnett Shale properties for $22.5 million. These properties are located in Wise County, Texas.
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Maverick Completes Convertible Debenture Placement and Updates Restructuring Efforts
Dallas, Texas — November 16, 2006

Maverick Oil and Gas, Inc.(OTCBB:MVOG) today announced that it has sold $6,750,000 in principal amount of 8% secured convertible debentures and warrants for gross proceeds of $6,000,000
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Maverick Oil and Gas Provides Oil and Gas Reserve Update
Dallas, Texas — October 7, 2006

Maverick Oil and Gas, Inc. (OTCBB: MVOG) today announced its fiscal year end reserves.
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Maverick Oil and Gas Issues Operations and Organizational Update
Dallas, Texas — September 7, 2006

Maverick Oil and Gas, Inc. (OTCBB: MVOG) today announced the following update to its operations and organization
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James A. Watt Appointed CEO of Maverick Oil and Gas, Inc
Fort Lauderdale, Florida — August 3, 2006

announced today the appointment of James A. Watt as Chairman of the Board and CEO of the company. Mr. Watt most recently served in similar positions with Remington Oil and Gas, Corp., which was recently acquired by Helix Energy Solutions Group, Inc. (NYSE: HLX) in a cash and stock transaction valued at approximately $1.4 billion. Over a nine year period, Mr. Watt led Remington, formerly Box Energy Corporation, through a major capital restructuring, implemented a successful exploration program, built a full operations staff and instituted an incentive program which aligned all employees’ interest with those of the shareholders.
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