Tatonka Oil and Gas, Inc. Appoints Dr. Anthony Yeats as Director and Paul Stroud as Chief Operating Officer

Business Wire, Jan 18, 2007

DENVER -- Tatonka Oil and Gas, Inc. (OTCBB: TTKA) today announced the addition of Dr. Anthony Yeats to its Board of Directors and has appointed Paul Stroud to the position of Chief Operating Officer, effective immediately.

Dr. Yeats brings more than 35 years of oil and gas exploration experience to the Tatonka Board. Dr. Yeats is Director of Cambridge Earth Sciences Ltd, through which he acts as a Consultant and Advisor to exploration companies and financial institutions and his prior employment includes extensive international oil and gas exploration experience. This includes twelve years with Shell, seven years with British Petroleum and nine years with Total. He currently serves as a director on the Boards of several public petroleum companies. Dr. Yeats has a BSc in Geology from the University of Bristol and has his PhD in Geology from the University of Cambridge.

Mr. Stroud brings more than 30 years of experience worldwide in the Energy Industry. Mr. Stroud has a comprehensive background with natural gas wells (on shore and off), coal bed methane wells, oil wells, hot water wells and superheated high pressure steam wells. He has an established record for reducing well costs and problem solving. Mr. Stroud's previous projects would include Project Manager Pinnacle Gas Resources, Project Manager for the JM Huber Corporation, Asset Manager for Caithness Corp., Drilling Superintendent for UNOCAL and Special Projects Manager for OESI.

"We are excited with the new additions to the Tatonka team. We believe Dr. Yeats' extensive board experience coupled with his oil and gas expertise makes him a tremendous addition to the Board of Directors," said Brian Hughes, Chief Executive Officer. "Mr. Stroud's in-depth knowledge of the geographies we operate in, as well his knowledge and proven success in unconventional resource recovery make him ideally suited for this new role. Mr. Stroud brings tremendous operations and drilling expertise to the Tatonka team that is critical in turning the large energy potential of our acreage position into reality. Mr. Stroud has drilled wells in practically every environment on Earth from oil and natural gas wells in the United States to Geothermal wells in the jungles of Asia and Africa."

About Tatonka Oil and Gas, Inc.

Based in Denver, Colorado, Tatonka Oil and Gas, Inc. is focused on the exploration and development of unconventional oil and gas resources in North America with a special emphasis on the Rocky Mountain Region.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as probable, possible and potential, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our SEC filings, available from us at 1515 Arapahoe Street, Tower 1, 10th Floor, Denver CO 80202. You can also obtain this form from the SEC by calling 1-800-732-0330.

Statements contained in this press release that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of Tatonka Oil and Gas, Inc. and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: the preliminary nature of well data, including permeability and gas content, and commercial viability of the wells; risk and uncertainties associated with exploration, development and production of oil and gas; drilling and production risks; our lack of operating history; limited and potentially inadequate cash resources; anticipated pipeline construction and transportation of gas; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10- KSB, Quarterly Reports filed on Form 10-QSB, and subsequent filings with the Securities and Exchange Commission.