RNS Number:8654S
Nelson Resources Limited
19 October 2005


Nelson Resources Limited


          LUKOIL OVERSEAS ACQUIRES APPROXIMATELY 65% OF THE ISSUED AND
                  OUTSTANDING COMMON SHARES OF NELSON RESOURCES

Toronto, Ontario, October 19, 2005

The Toronto Stock Exchange requires that Nelson Resources disseminate this press
release.

Nelson Resources Limited ("Nelson") of Bermuda (TSX/AIM: NLG) previously
announced that it had entered into a definitive agreement with LUKOIL Overseas
Holding Ltd. ("Lukoil") dated October 13, 2005 to effect an amalgamation between
Nelson and a wholly-owned subsidiary of Lukoil. On the effective date of this
amalgamation, all issued and outstanding common shares of Nelson on a fully
diluted basis will be exchanged for US$2 billion in cash, resulting in a payment
to shareholders of approximately US$2.1916 per fully diluted share.

Based on public filings dated October 14, 2005, Lukoil has acquired from
Nelson's principal shareholders 566,393,162 common shares of Nelson representing
approximately 65% of the issued and outstanding common shares of Nelson.

Nelson is seeking verification of the facts surrounding Lukoil's purchase of
control from the principal shareholders, to confirm that a majority of minority
vote on the amalgamation is not required pursuant to Ontario Securities
Commission Rule 61-501 - Insider Bids, Issuer Bids, Going Private Transactions
and Related Party Transactions.

The meeting of shareholders of Nelson to consider the amalgamation has been
called for December 2, 2005, with a record date of October 25, 2005.

Nelson Resources Limited is an oil exploration and production company with
operations in the Republic of Kazakhstan. The Company established its presence
in the Kazakhstan oil sector in 2000 and its management team, comprising of both
international and Kazakh executives, has extensive experience of the Kazakh
operating and regulatory environment.

For further information, please contact:

Nelson Resources Limited
Nicholas Greene, Chief Financial Officer                   Tel: +44 20 7495 8908
ngreene@nelsonresources.co.uk

Fred Hodder                                                Tel: +44 20 7495 8908
fhodder@nelsonresources.co.uk

Investor Relations (London)
Bell Pottinger Corporate & Financial
Nick Lambert                                           Tel: +44 (0) 20 7861 3232

Investor Relations (Toronto)
Cavalcanti Hume Funfer Inc
Olav Svela, Vice President                                  Tel: +1 416-868-1079
olav@chfir.com


   If you prefer to receive press releases by e-mail, please contact Heather
Colpitts (heather@chfir.com) and specify "Nelson press releases" in the subject
                                      line

Further information on Nelson Resources can be found on the Company's website at

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES. This news release does not constitute an
offer to sell or a solicitation of an offer to buy any of the securities of the
Company in the United States. The securities of the Company have not been and
will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.

The TSX neither approves nor disapproves of the information contained herein.

                                    - ENDS -





                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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