Oil and Gas Main (fka OGM)

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Siberian Energy Presenting at the 2006 CIS Oil & Gas Investment Forum in Paris, May 31-June 2
Thursday June 1, 12:30 pm ET


NEW YORK--(BUSINESS WIRE)--June 1, 2006--Siberian Energy Group, Inc. (OTC BB: SIBN - News), a U.S.-based oil and gas exploration company, was represented by its Vice Chairman, Tim Peara at the 2006 CIS Oil & Gas Investment Forum in Paris, France. Mr. Peara delivered his presentation at The Westin Paris Hotel earlier today, June 1.
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Mr. Peara will also participate in a round table discussion about independent energy companies operating in Russia.

Other companies presenting at the conference include TNK-BP, Shell, Statoil, Norsk Hydro, Transneft, and Novatek. Additional information about the conference may be found at http://www.theenergyexchange.co.uk/energy210overview.html.

About Siberian Energy Group

Siberian Energy is one of the few U.S.-based public oil and gas exploration companies with 100% of its assets located in West Siberia, Russia. The Company evaluates investment and acquisition opportunities in Russia and Eastern Europe with the goal of bringing a portfolio of natural resource licenses and operating companies to Western investors. Siberian Energy strives to provide an attractive ROI to shareholders by pursuing high-yield investment projects, reducing costs, and adhering to strict principles of transparency, disclosure and environmental consciousness. Additional information can be found at www.siberianenergy.com.

FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review the risks described in other documents the company files from time to time with the Securities and Exchange Commission, including Annual Reports, Quarterly Reports and Current Reports on Form 8-K.



Contact:
Siberian Energy Group, Inc.
David Zaikin, 212-828-3011
or
The Investor Relations Group
Investor Relations:
Katrine Winther-Olesen, 212-825-3210
or
Jordan Silverstein, 212-825-3210