Deep Well Acquires and Cancels Potential Royalty Claim

Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company")
(OTCQB:DWOG) is pleased to announce that it has acquired and cancelled 5.5% of a
purported 6.5% overriding royalty interest claim on certain lands it owns from
two separate parties at a total cost of $3,442,124 US. While Deep Well does not
admit the validity of these alleged overriding royalty interest claims on any
lands it owns, Deep Well determined that it was in the best interests of its
shareholders to come to an arrangement to prevent a potential encumbrance over
its lands or the possibility of future litigation resulting from these alleged
royalty claims. 


This acquisition and cancellation of the purported overriding royalty interest
claim allows Deep Well to move forward in its objectives to develop its Sawn
Lake oil sands properties, while reducing the risk of future litigation. 


For further information about this acquisition visit our website at
http://www.deepwelloil.com and download from our home page our most recent Form
8-K filed with the U.S. Securities and Exchange Commission. Also for further
information on Deep Well's current operations visit our operations page at
http://www.deepwelloil.com/op_over.htm. 


Deep Well and its Canadian subsidiaries, Northern Alberta Oil Ltd. and Deep Well
Oil & Gas (Alberta) Ltd., have a 90 per cent working interest in 51 contiguous
square miles of oil sands leases, an 80 per cent working interest in 5
contiguous square miles of oil sands leases and a 25 per cent working interest
in 12 contiguous square miles in the Sawn Lake oil sands area in North Central
Alberta. The leases cover 17,408 gross hectares (43,015 gross acres) of land. 


Deep Well Oil & Gas, Inc. is fully committed to best practices in Environmental
Stewardship to assure sustainable development of its in-situ heavy oil holdings.
Deep Well is a Nevada corporation based in Edmonton, Canada. 


This press release contains forward-looking statements. The words or phrases
"might"," "purported", "claimed", "would be," "to be," "will allow," "intends
to," "will likely result," " expected," "will continue," "is anticipated,"
"potential," "recoverable," "estimate," "forecast," "project," "plans," or
similar expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the Corporation's
proposed oil and gas related business and described in this press release. The
Corporation's business and the realization of the results contemplated by this
press release are subject to various risks, which are discussed in the
Corporation's filings with the SEC. The Corporation's filings may be accessed at
the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date
of this press release and should not be relied upon as of any subsequent date.
The Corporation cautions readers not to place reliance on such statements.
Unless otherwise required by applicable law, we do not undertake, and we
specifically disclaim any obligation, to update any forward- looking statements
to reflect occurrences, developments, unanticipated events or circumstances
after the date of such a statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Deep Well Oil & Gas, Inc.
1 780 409 8144
info@deepwelloil.com
www.deepwelloil.com

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