From Garbage To Gucci

[TraderRich]

Soma Petroleum Limited, Equitable Mining Corp and partners complete acquisition of Actel/Aikete, Ltd assets and production line
via COMTEX

February 5, 2007

Equitable Mining Corp: EQBM Soma Petroleum Limited: SA1

TORONTO, Feb 05, 2007 /PRNewswire via COMTEX News Network/ --

Soma Petroleum Limited (SOMA) - (Frankfurt Stock Exchange: symbol SA1), Equitable Mining Corp (EQUITABLE) (a resource company trading on Frankfurt Exchange: E5W and on PinkSheets.com: EQBM) and partners announce the completion of the acquisition of Actel/Aikete, Ltd ("Actel/Aikete") for the rights to holdings in all assets to include mine tailings, land, capital infrastructure including one production line in exchange for cash and securities.

Actel/Aikete has licensed a unique technology with HMH called XL+. The XL+ methodology strength comes from its cost effectiveness to perform the extraction from the top with no heavy metals only precious metals. The process is a green process, entirely environmentally friendly using only chemicals, resins, water and acids.

This unique methodology of extracting combined metal oxides thru a combination of a proprietary bromine leach, resin in pulp, solvent semi-refining and precipitation has been implemented in a current production line with 4 tanks. The metals recovered are in an oxide form and easy to export to the refineries.

"The acquisition of Actel/Aikete achieves two key elements for SOMA. It offers us an increase in precious metals production from mine tailings in Dalian, China and also the capability to increase production capacity very quickly with another production line," said SOMA CEO Lawrence Skolnik.

About Soma Petroleum Limited

Soma Petroleum Limited (SOMA) is a Canadian registered corporation that has interests in oil and gas projects in the Horn of Africa and mine tailings project in Dalian, China. It has partnered with leading resources developers including Inter-Continental Petroleum Co. Ltd (ICPC), a China-based oil and gas exploration company. ICPC has an extensive international track record in oil and gas. www.somapetroleum.com

Information presented in this newsletter contain 'forward looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements.' Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as 'projects', 'foresee', 'expects'', 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or that by statements indicating certain actions 'may,' 'could,' or 'might' occur.

SOURCE Soma Petroleum Limited

Email: [e-mail], [phone] http://www.prnewswire.com