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NVRS to NVAR to FXPE

13:56 01/11/2007 NVRS Nova Resources, Inc. Common Stock NVAR Nova Resources, Inc. New Common Stock 6-1 F/S; Payable upon Surrender of Certificates

13:37 02/05/2007 NVAR Nova Resources, Inc. New Common Stock FXPE Fox Petroleum Inc. Common Stock **

Fox Petroleum Signs $8 Million Financing Agreement
May 25, 2007 12:21:00 PM
Copyright Business Wire 2007
LONDON--(BUSINESS WIRE)--

Fox Petroleum Inc. (NASD OTC BB: FXPE) (hereafter "FOX") has signed an $8,000,000 financing agreement with Swiss based investor, EuroEnergy Growth Capital S.A. The financing agreement is an equity investment and does not include any debt financing. The financing agreement also includes the option to secure a further $5,000,000 in equity which would bring the total value of the financing agreement to $13 million in equity investment. Fox Petroleum currently has no debt obligations and no debt financing.

Capital Expenditures for Exploration

To date, Fox has received $2,000,000 ($2 Million) for the purpose of advancing exploration plans for the Company's various projects.

"We are very excited to have signed a financing agreement and to have raised this capital. The initial $2 Million received will allow us to advance our current projects significantly." said Alex Craven, Fox's VP Finance. "Now, in addition to continuing our already existing exploration activities, we can also expand as needed to fully exploit the oil and gas potential of our projects while knowing we have the capital available based on our needs for the long term growth of the company."

The securities offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration requirements.

About Fox Petroleum

Fox Petroleum Inc. is an Oil and Gas Exploration company headquartered in London, England, the financial capital of Europe. Fox's Petroleum Inc has signed an agreement to acquire approximately 32,000 acres of prime land holdings in the North Slope of Alaska. The Company's shares are publicly traded on the NASD OTC BB under the ticker symbol FXPE.

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On behalf of the Board of Directors
FOX PETROLEUM INC.

Alex Craven,
VP Finance
Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that Fox Petroleum Inc. can identify and successfully negotiate leases for oil and gas properties, and that the Company can participate in the exploration of those properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the US Securities and Exchange Commission.

Source: Fox Petroleum Inc.



----------------------------------------------
Fox Petroleum Inc.
Alex Craven
VP Finance
Investor Relations
Toll Free: 1-888-FOX-4744 (1-888-369-4744)
Email: [e-mail]
Website: www.foxpertro.com