Summary from West Siberian's AGM


West Siberian Resources Ltd's shareholders gathered in Stockholm yesterday for  
the Annual General Meeting (AGM). The AGM resolved to change the company's name 
to Alliance Oil Company Ltd., and on a reversed split.                          

The AGM adopted the income statements and balance sheets for the company and the
group and the board of directors and the managing director were discharged from 
liability for the financial year 2008.                                          

The AGM resolved to re-elect board members Mr Fred Boling, Mr. Arsen Idrisov,   
Mr. Raymond Liefooghe, Mr Claes Levin and Mr Eric Forss. Mr Isa Bazhaev and the 
previous deputy director Mr Fernando Martinez-Fresneda were elected as new      
directors. Eric Forss was elected chairman of the board.                        

The AGM further resolved to remunerate the board of directors in the following  
way: To the chairman, USD 120,000. To each other member of the board USD 60,000.
To each member of the audit committee and remuneration committee a sum of USD   
10,000.                                                                         

PricewaterhouseCoopers AB was re-elected as auditor until the next AGM, with the
authorised public accountant Johan Rippe as responsible. The auditor shall be   
paid in accordance with approved invoice.                                       

The AGM resolved that the principles for the nominating process shall continue  
to apply.                                                                       

The AGM also resolved to change the company's name to Alliance Oil Company Ltd. 
The AGM further resolved on a reverse split of shares to reduce the number of   
outstanding shares where 20 shares are consolidated into one share. First day of
trade in the Company's SDRs after the reverse split and first day of trade under
the new company name Alliance Oil Company Ltd is scheduled to be June 8, 2009.  

The AGM also resolved on an extension of the board's authorization to issue     
shares and other financial instruments.                                         

West Siberian Resources' managing director Mr Arsen Idrisov addressed the AGM   
and updated shareholders on the company's progress and future plans.            


For further information:                                                        
Arsen Idrisov, Managing Director, West Siberian Resources Ltd., tel. +7 (495)   
745 58 14                                                                       
Eric Forss, Chairman, West Siberian Resources Ltd., tel. +46 8 613 00 85        

Also visit www.westsiberian.com                                                 

West Siberian is a leading independent oil company with vertically integrated   
operations in Russia and Kazakhstan. West Siberian Resources has proved and     
probable oil reserves of 487 million barrels, oil production of approximately   
45,000 barrels per day, refining capacity of 70,000 barrels per day and a       
network of gas stations and wholesale oil products terminals. West Siberian's   
depository receipts are traded on the NASDAQ OMX Nordic under the symbol WSIB.

Attachments

2009_05_29_wsr_agm_eng.pdf