Artumas Group Inc.

Artumas Group Inc. (OSL:AGI) Artumas Group Inc., (OSE:AGI), the independent oil and gas exploration and production company today issues a corporate update. This includes the Company's progress in:

Artumas Group Inc. (OSL:AGI) Artumas Group Inc., today announced its results for the third quarter 2008. Please see the attached.

Artumas Group Inc. (OSL:AGI) Artumas Group Inc.(OSE:AGI) will release its third quarter 2008 financial statements and management's discussion and analysis to the Oslo Stock Exchange on Thursday, November 20, 2008, before 8:00 AM (CET).

Artumas Group Inc. (OSL:AGI) Artumas Group Inc. (AGI:OSE) is currently reviewing bids from interested and qualified strategic partners on the farm-out of a percentage of the Company's exploration and development acreage holdings in Tanzania and Mozambique (see corporate press release of 20 August 2008).

Artumas Group Inc. (OSL:AGI) Artumas Group Inc. will present today at the Pareto Conference in Oslo, Norway. The presentation is attached to this notice and is also available on the corporate website, www.artumas.com.

Artumas Group Inc. (OSL:AGI) Artumas Group Inc. (OSE:AGI) is pleased to announce that the Government of the United Republic of Tanzania has given approval to Artumas to finalize negotiations with the relevant parties for the export of compressed natural gas (CNG) to off-take clients in Mombasa, Kenya.

Artumas Group Inc. (OSL:AGI) Highlights

Artumas Group Inc. (OSL:AGI) Artumas Group Inc. is pleased to provide our general quarterly update of operations in Mozambique and Tanzania. Please see the attached document for the report.

Artumas Group Inc. (OSL:AGI) Artumas Group Inc.(OSE:AGI) will release its Second Quarter 2008 financials and management's discussion and analysis on Thursday, August 21, 2008, before 9:00 a.m. (CET).

Artumas Group Inc. The Government of Tanzania has given approval to Artumas Group Inc. (OSE:AGI) to dedicate a portion of the Company's discovered natural gas resource in the Mnazi Bay Concession as feedstock for a large power generation project inter-tied to the national grid.