CALGARY, Canada, September 24 /PRNewswire/ --     Addax Petroleum Corporation (TSX: AXC - LSE: AXC) ("Addax Petroleum" or 
the  "Corporation") announces that various members of the Corporation's 
senior  management will be presenting at the following upcoming investor 
conferences.

UBS Oil & Gas Conference

    Mr. Jean Claude Gandur, President and Chief Executive Officer, will be
    presenting at the UBS Oil & Gas Conference in Dubai, EAU on Tuesday,
    September 25, 2007 at approximately 3:45 a.m. Eastern Time.

    Herold's Pacesetters Energy Conference

    Mr. Michael Ebsary, Chief Financial Officer, will be presenting at the
    Herold's Pacesetters Energy Conference in Greenwich, NY, USA on
    Wednesday, September 26, 2007 at approximately 11:00 a.m. Eastern Time.

    Investors are invited to listen to the audio recording via the following
    link: http://www.herold.com

    Citi Benelux Resources Symposium

    Mr. James Pearce, Chief Operating Officer, will be presenting at the Citi
    Benelux Resources Symposium in The Hague on Thursday, September 27, 2007.

    First Energy / Société Générale International Oil and Gas Conferences

    Mr. Michael Ebsary, Chief Financial Officer, will be presenting at the
    First Energy / Société Générale International Oil and Gas Conference in
    Toronto, Canada on Friday, September 28, 2007 at approximately 9:50 a.m.
    Eastern Time.

    Investors are invited to listen to the live webcast via the following
    link: http://firstenergy.com/conf/GEC_TO07/AXC.html

    Additionally, Mr Ebsary will be presenting at the First Energy / Société
    Générale International Oil and Gas Conference in London, UK on Monday,
    October 1, 2007 at approximately 9:45 a.m. Eastern Time.

    Investors are invited to listen to the live webcast via the following
    link: http://firstenergy.com/conf/GEC_LON07/AXC.html

    The presentation slides will be available on Addax Petroleum's website at
    http://www.addaxpetroleum.com.



About Addax Petroleum

Addax Petroleum is an international oil and gas exploration and
production company with a strategic focus on West Africa and the Middle East.
Addax Petroleum is one of the largest independent oil producers in West 
Africa and has increased its crude oil production from an average of 
8,800  bbl/d for 1998 to an average of approximately 123,000 bbl/d for 
the second quarter of 2007. Further information about Addax Petroleum 
is available at http://www.addaxpetroleum.com or at http://www.sedar.com.

Legal Notice - Forward-Looking Statements

Certain statements in this press release constitute forward-looking
statements under applicable securities legislation. Such statements are
generally identifiable by the terminology used, such as "anticipate'',
"believe'', "intend", "expect", "plan", "estimate", "budget'', "outlook'',
"may", "could", "should", "would" or other similar wording. Forward-looking
information includes, but is not limited to, reference to business strategy
and goals, future capital and other expenditures, reserves and resources
estimates, drilling plans, construction and repair activities, the submission
of development plans, seismic activity, production levels and the sources of
growth thereof, project development schedules and results, results of
exploration activities and dates by which certain areas may be developed or
may come on-stream, royalties payable, financing and capital activities,
contingent liabilities, and environmental matters. By its very nature, such
forward-looking information requires Addax Petroleum to make assumptions that
may not materialize or that may not be accurate. This forward-looking
information is subject to known and unknown risks and uncertainties and other
factors, which may cause actual results, levels of activity and achievements
to differ materially from those expressed or implied by such information. 
Such factors include, but are not limited to: imprecision of reserves and 
resources estimates, ultimate recovery of reserves, prices of oil and 
natural gas, general economic, market and business conditions; industry 
capacity; competitive action by other companies; fluctuations in oil 
prices; refining and marketing margins; the ability to produce and transport 
crude oil and natural gas to markets; the effects of weather and climate 
conditions; the results of exploration and development drilling and related 
activities; fluctuation in interest rates and foreign currency exchange 
rates; the ability of suppliers to meet commitments; actions by governmental 
authorities, including increases in taxes; decisions or approvals of 
administrative tribunals; changes in environmental and other regulations; 
risks attendant with oil and gas operations, both domestic and 
international; international political events; expected rates of return; 
and other factors, many of which are beyond the control of Addax Petroleum. 
More specifically, production may be affected by such factors as exploration 
success, start-up timing and success, facility reliability, reservoir 
performance and natural decline rates, water handling, and drilling progress. 
Capital expenditures may be affected by cost pressures associated with new 
capital projects, including labour and material supply, project management, 
drilling rig rates and availability, and seismic costs. These factors are 
discussed in greater detail in filings made by Addax Petroleum with the 
Canadian provincial securities commissions.

Readers are cautioned that the foregoing list of important factors
affecting forward-looking information is not exhaustive. Furthermore, the
forward-looking information contained in this press release is made as of the
date of this press release and, except as required by applicable law, Addax
Petroleum does not undertake any obligation to update publicly or to revise
any of the included forward-looking information, whether as a result of new
information, future events or otherwise. The forward-looking information
contained in this press release is expressly qualified by this cautionary
statement.