ADDAX PETROLEUM STATEMENT

Calgary, June 10, 2008 /CNW/ - Addax Petroleum Corporation (TSX: AXC and LSE: AXC) ("Addax Petroleum" or the "Corporation") today made the following announcement.

It is with regret that Addax Petroleum reports the death of a contractor following an attempted robbery by armed gunmen on a supply vessel servicing operations in OML123, offshore Nigeria, earlier today.  During the incident one Nigerian Navy person and one crew member were injured.  Addax Petroleum would like to extend its sympathy and sincere condolences to the family of the deceased over this very sad loss and extend our support for a full and speedy recovery for the injured.  The Corporation's producing facilities were not targeted in this incident, which it believes is part of a regrettable pattern of violent crime affecting vessels in Nigerian waters. Addax Petroleum's property and operations were not affected by this incident.

Commenting, Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum said: "First and foremost, we are deeply saddened by this incident and our thoughts and prayers are with the victim's family and those of the injured personnel.  Secondly, we believe that violent criminal attacks of this nature are perpetrated opportunistically by lawless criminal elements and, whilst they do not present a substantive threat to our operations, they nevertheless cause us great concern regarding the safety of both our and our contractors' personnel.  We believe that the timing of this incident is unfortunate and coincidental, particularly as the events relating to yesterday's incident remain unclear.  Our approach to security on all of our operations is to work closely with our host communities and local security forces, harnessing the strong goodwill and excellent relationships that we have patiently built over the years and value so much. We will continue to apply these principles and redouble our security efforts to deter these tragic and lawless acts."

Full investigations into this criminal incident are underway by local and federal security and government agencies and by Addax Petroleum. 

About Addax Petroleum    

Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on West 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 139,100 bbl/d for the first quarter of 2008. Further information about Addax Petroleum is available at www.sedar.com, www.londonstockexchange.com or the Corporation's website, www.addaxpetroleum.com.

Legal Notice - Forward-Looking Statements

Certain statements in this news release constitute forward-looking statements under applicable securities legislation. Such statements are generally identifiable by the terminology used, such as "anticipate'', "believe'', "intend", "expect", "plan", "estimate", "budget'', "outlook'', "may", "will", "should", "could" , "would" or other similar wording. By its very nature, such forward-looking information requires Addax Petroleum to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information. These factors are discussed in greater detail in filings made by Addax Petroleum with the Canadian provincial securities commissions.

Readers are cautioned that the forward-looking information contained in this news release is made as of the date of this news release and, except as required by applicable law, Addax Petroleum does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

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