ACG.V-ALERT-HUGE NEWS !!!

Anglo Cdn's Nordegg at 6.47 billion barrels of PIIP

2010-07-20 11:11 ET - News Release
Shares issued 115,255,705
ACG Close 2010-07-19 C$ 0.45


Mr. James Ehret reports

ANGLO CANADIAN OIL CORP. PROVIDES NORDEGG RESOURCE UPDATE BEST ESTIMATE OF 6.47 BILLION BARRELS OF PETROLEUM INITIALLY IN PLACE

Anglo Canadian Oil Corp. has obtained an independent resource study in respect of its 172,000-acre Nordegg Member oil prospect in west-central Alberta. This resource evaluation (the "Report") was prepared by AJM Petroleum Consultants ("AJM"), an independent qualified resource evaluator, with an effective date of June 30, 2010 and complies with COGE Handbook standards and National Instrument 51-101 entitled Standards of Disclosure for Oil and Gas Activities as adopted by the Canadian Securities Regulators.

Probabilistic analysis was used in the preparation of this volumetric resource estimate on Anglo's lands in the "Nordegg Member". The Report documents the results of AJM's independent evaluation with the following table summarizing the total un-risked Discovered Petroleum Initially-in-Place ("DPIIP") volumes for the four areas studied, including a best estimate of over 6.47 billion barrels of Petroleum Initially in Place as follows: