Ramoil Management Announces Negotiations for Funding Of Major Automotive Acquisition

    LAS VEGAS, May 30 Ramoil Management, Ltd. (OTC: RAMO)
announced today that CEO Gary Walters has conducted several meetings and
negotiations with an investment source that would provide the capital to
acquire a major automotive parts and tool distribution chain of stores located
throughout Australia and New Zealand.
    The Company was not able to verify the letters of guarantee from a
previously announced $135 million funding package, which necessitated the
change in funding sources.  The Company anticipates reaching closure shortly
on the new funding package and will announce details of the funding and
acquisition target upon completion.  Once completed, the acquisition is
expected to be immediately accretive to revenue and earnings per share and
will have a significant and positive impact on assets and stockholders equity.
    "Our goal is to turn our little pink-sheet listed company into a major
exchange listed company by year end," stated CEO Gary Walters.  "This I vow to
our shareholders.  I also want to thank our investors and friendly market
makers for their patience and continued retail support as we work diligently
to restore confidence and shareholder value in our Company."
    If you have questions please visit our website at Ramoil.net and/or
contact the Corporate Offices through our correspondence line at 702-385-5774.
We will respond to your questions promptly.

    This release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Act of 1934.  The statements about the future could differ from
actual results.  The statements are subject to risks and uncertainties,
including but not limited to the impact of competition, fluctuations in stock
price and liquidity, fluctuating operating results and other risks as detailed
in the company's filings with the SEC.

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