2009-08-19-2007-12-01

To acquire 15% WI in 74,000-acre Mecaya Block with Mecaya 1 well, 2 other wells. Also can earn 20% WI in 108,000-acre Talora Block in Middle Magdalena Basin.

Avalon Oil and Gas Inc., Minneapolis, (OTCBB: AOGN) plans to acquire a working interest in the Mecaya 1 oil discovery in Colombia for an undisclosed price. Avalon will acquire a 15% interest in the 74,000-acre Mecaya Block containing Mecaya 1 and two other wells that have tested for oil. Mecaya 1 was drilled by the Colombian national oil company, Ecopetrol, in 1989 and tested approximately 665 barrels of oil per day. Avalon can also earn a 20% interest in the 108,000-acre Talora Block in the Middle Magdalena Basin 75 kilometers west of Bogota.