Mr. Gil Holzman reports

DIRECTOR DEALING

Eco (Atlantic) Oil & Gas Ltd. has been notified that Gil Holzman, chief executive officer and a director of the company, has acquired 33,865 common shares in the company at a price of 148 pence per share.

Following the share purchase, Mr. Holzman is beneficially interested in, in aggregate, 8,281,259 common shares representing approximately 4.5 per cent of the company's issued share capital.

About Eco (Atlantic) Oil & Gas Ltd.

Eco Atlantic is a TSX Venture Exchange- and Alternative Investment Market-listed oil and gas exploration and production company with interests in Guyana and Namibia where significant oil discoveries have been made.