CFW Cano Petroleum Common Stock

A shareholder class action lawsuit has been filed in the United States District Court for the Southern District of New York against certain officers, directors and underwriters of Cano Petroleum, Inc. ("Cano" or the "Company") (AMEX: CFW) on behalf of purchasers of Cano stock whose purchases are traceable to the Company's secondary offering of June 26, 2008.

The lawsuit alleges the defendants violated the Securities Act of 1933 by making false and misleading statements to the public in the Company's Registration Statement and Prospectus, in which the defendants allegedly misrepresented and/or overstated the Company's proved reserve amounts.

If you are a Cano shareholder with questions concerning your legal rights, you are invited to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.