Xtreme Oil & Gas, Inc. Announces Timetable for Merger with Small Cap Strategies, Inc.

PLANO, Texas--(BUSINESS WIRE)--Xtreme Oil & Gas, Inc. (“Xtreme”) is pleased to announce the timetable under which Xtreme will complete a merger and reorganization with Small Cap Strategies, Inc. (“OTCBB: SMCA”). The Board of Directors of Xtreme has approved a resolution which provides that the closing date will be effective as of April 30, 2009. This merger will include a share exchange whereby shareholders of Xtreme will receive shares of Small Cap Strategies, Inc. after which Small Cap Strategies, Inc. shall have approximately 21,000,000 shares of common stock issued and outstanding. Small Cap Strategies, Inc. will change its name to Xtreme Oil & Gas, Inc.

“The transaction will result in our company being a reporting company on our way to being listed with a national exchange. Everything the management of Xtreme has worked so hard for over the last two years is all coming together,” stated Willard G. McAndrew, III, Chief Executive Officer of Xtreme Oil & Gas, Inc.

About Xtreme

Xtreme Oil & Gas, Inc., headquarters in Dallas, Texas, is an independent oil and gas exploration and production company which either obtains producing wells with the expectation of rehabbing the wells in an effort to increase production or drill new wells in the hope of obtaining oil and gas production in

Forward-looking Statements

Certain statements in this announcement regarding future expectations, objectives, intentions and plans for oil and gas exploration, development and production such as “may,” “potentially,” “expects,” and similar terms may be regarded as “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Management’s current view and plans, however, are subject to numerous known and unknown risks, further testing and analysis, uncertainties and other factors that may cause the actual results, performance, timing or achievements of Xtreme to be materially different from any results, performance, timing or achievements expressed or implied by such forward-looking statements. Xtreme undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially.