DXA Doxa Energy Ltd

Doxa Energy Ltd. (TSX VENTURE:DXA)(OTCBB:DXAEF)(FRANKFURT:5D0) ("Doxa" or the
"Company"), announces a non-brokered private placement of 5,714,286 units (each
a "Unit") at a price of $0.35 per Unit for aggregate proceeds of $2,000,000.
Each Unit is comprised of one common share and one share purchase warrant. Each
share purchase warrant (a "Warrant") entitles the holder to acquire one
additional common share for a period of two years at a price of $0.55. Upon the
completion of a four month period commencing from the date of issuance, the
Warrants will be subject to accelerated conversion within 30 days of the Company
disseminating a press release providing notice of same, in the event the shares
of the Company close at over $0.75 for 10 consecutive trading days. Finder's
fees payable in cash or in warrants may be paid on portions of the placement. 


Proceeds of the placement will be used to fund the Company's oil and gas
projects in Texas, and additionally to exercise the Company's option with
Dynamic Production, Inc. to acquire a twenty percent (20%) share of up to 18,000
gross acres of leasehold in the emerging Mississippian Oil Play in Northern
Oklahoma. 


On behalf of the Board of Directors 

John D. Harvison, President, Chief Executive Officer 

Statements in this press release other than purely historical information,
including statements relating to the Company's future plans, objectives or
expected results, constitute forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to the risks and
uncertainties inherent in the Company's business, including risks inherent in
oil and gas exploration and development, and uncertainties in connection with
anticipated commodity prices for oil and natural gas, growth of worldwide market
demand, exploration capital requirements, length of asset life and availability
of qualified personnel, among others. As a result, actual results may vary
materially from those described in the forward-looking statements. 


This new release does not constitute an offer to sell or the solicitation of an
offer to buy any securities of the Company in the United States. The securities
of Doxa have not been registered under the U.S. Securities Act of 1933, as
amended, or any state securities laws, and may not be offered or sold in the
United States or to or for the account or benefit of a U.S. person unless so
registered or pursuant to an available exemption from the registration
requirements of such Act or laws.

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