Summary from the Annual General Meeting held in Stockholm, Sweden on May 22, 2007.

Summary from the Annual General Meeting held in Stockholm, Sweden on May 22,
2007.

West Siberian Resources Ltd's shareholders gathered in Stockholm today for the
Annual General Meeting (AGM).

The AGM resolved to re-elect board members Mr Eric Forss (Chairman), Mr Fred
Boling,
Mr Claes Levin, Mr Nemesio Fernandez-Cuesta, Mr Oleg Fomenko and Mr Maxim Barski

(Managing Director) and to elect Fernando Martinez-Fresneda as an alternate
director for 
Mr Nemesio Fernandez-Cuesta.

The AGM further resolved that the Board of Directors shall receive a
remuneration of SEK 2,000, 000 for the coming year, to be allocated in
accordance with the resolution of the Board of Directors.

The AGM also approved the board's proposals relating to the establishment of a
nomination committee and the proposed principles for remuneration and other
employment terms for the management.

PricewaterhouseCoopers AB was re-elected as auditor until the next AGM, with the
authorised public accountants Klas Brand and Johan Rippe as responsible.

West Siberian Resources' managing director Mr Maxim Barski addressed the AGM and
updated shareholders on the company's progress and future plans. Mr Barski also
presented the financial results for the first quarter 2007.The presentation and
the first quarter interim report are available at www.westsiberian.com. 

West Siberian Resources' Swedish depositary receipts will be listed on the
Stockholm Stock Exchange starting tomorrow, Wednesday May 23, under the ticker
symbol WSIB.

For further information:
Maxim Barski, Managing director, West Siberian Resources Ltd., tel. +7 495 956
48 82
Eric Forss, Chairman, West Siberian Resources Ltd., tel. +46 8 613 00 85 

Also visit www.westsiberian.com

West Siberian Resources Ltd is an independent oil company active in Russia. West
Siberian´s depository receipts are currently traded at First North of the
Stockholm Stock Exchange under the symbol WSIB.