CALGARY, Canada, November 3 /PRNewswire/ -- Addax Petroleum Corporation (TSX: AXC and LSE: AXC) (Addax Petroleum or the Corporation) will announce its financial results for the quarter ended September 30, 2008 on Monday, November 10, 2008, and will discuss its financial results in a conference call on Monday, November 10, 2008 at 11:00 a.m. Eastern Time/4:00 p.m. London, U.K. time. Mr. Jean Claude Gandur, President and Chief Executive Officer, Mr. James Pearce, Chief Operating Officer, and Mr. Michael Ebsary, Chief Financial Officer, will discuss the Corporation's most recent financial and operating results.

Conference call details: Date: Monday, November 10, 2008 Time: 11:00 a.m. Eastern Time/4:00 p.m. London, U.K. time To listen to the conference call, please call one of the following: Toronto: 416-644-3416 Toll-free (Canada and the U.S): 800-733-7560 Toll-free (U.K.): 00-800-2288-3501 Toll-free (Switzerland): 00-800-2288-3501

A replay of the call will be available at (416)640-1917 or (877)289-8525, passcode 21277906 followed by the number sign until Wednesday, November 26, 2008. Investors are invited to listen to the live webcast of the presentation via the following link: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2465980 The presentation slides for the above webcast will be available prior to the presentation on Addax Petroleum's website at http://www.addaxpetroleum.com.

About Addax Petroleum:

Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on Africa and the Middle East. Addax Petroleum is one of the largest independent oil producers in West Africa and has increased its crude oil production from an average of 8,800 bbl/d for 1998 to an average of approximately 136,000 bbl/d for the first half of 2008. Further information about Addax Petroleum is available at http://www.sedar.com, http://www.londonstockexchange.com or the Corporation's website, http://www.addaxpetroleum.com.

CONFERENCE CALL ADVISORY: FORWARD-LOOKING STATEMENTS

The conference call may contain forward-looking statements. When used in the call, words such as anticipate, expect, project, and similar expressions are intended to identify such forward-looking statements. Although the Corporation believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties pertaining to operating performance, regulatory parameters, economic conditions and commodity prices. While Addax Petroleum makes these forward looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected.

For further information: Mr. Craig Kelly Investor Relations Tel.: +41(0)22-702-95-68 craig.kelly@addaxpetroleum.com Mr. Chad O'Hare Investor Relations Tel.: +41(0)22-702-94-10 chad.o'hare@addaxpetroleum.com Ms. Marie-Gabrielle Cajoly Press Relations Tel.: +41(0)22-702-94-44 marie-gabrielle.cajoly@addaxpetroleum.com Mr. Nick Cowling Press Relations Tel.: +1-416-934-8011 nick.cowling@cossette.com Mr. James Henderson Press Relations Tel.: +44(0)20-7743-6673 james.henderson@pelhampr.com Mr. Alisdair Haythornthwaite Press Relations Tel.: +44(0)20-7743-6676 alisdair.haythornthwaite@pelhampr.com

For further information: Mr. Craig Kelly, Investor Relations, Tel.: +41(0)22-702-95-68, craig.kelly@addaxpetroleum.com; Mr. Chad O'Hare, Investor Relations, Tel.: +41(0)22-702-94-10, chad.o'hare@addaxpetroleum.com; Ms. Marie-Gabrielle Cajoly, Press Relations, Tel.: +41(0)22-702-94-44, marie-gabrielle.cajoly@addaxpetroleum.com; Mr. Nick Cowling, Press Relations, Tel.: +1-416-934-8011, nick.cowling@cossette.com; Mr. James Henderson, Press Relations, Tel.: +44(0)20-7743-6673, james.henderson@pelhampr.com; Mr. Alisdair Haythornthwaite, Press Relations, Tel.: +44(0)20-7743-6676, alisdair.haythornthwaite@pelhampr.com