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 Tue Oct 5, 2004
Derek Announces Filing of Form 51-101F1

 (Vancouver, B.C.: October 5, 2004) Derek Oil & Gas Corporation ("Derek") reports that Form 51-101F1 -- "Statement of Reserves Data and Other Oil and Gas Information" has been filed today on SEDAR. The report may be accessed at www.sedar.com.



ON BEHALF OF THE BOARD



"Barry C.J.Ehrl"
____________________________
Barry C.J. Ehrl, President & C.E.O.

For further information, please contact Corporate Communications at:

Telephone: (604) 331-1757
Toll-Free: 1-888-756-0066
Corporate E-Mail: info@derekoilandgas.com
Investor Relations E-Mail: invest@derekoilandgas.com
Or visit our Website at: www.derekoilandgas.com

The TSX Venture Exchange has neither approved or disapproved of the information contained herein.

Cautionary Note to U.S. Investors: Investors are urged to consider closely the disclosure in our Form 20-F (File # 0-30072), available from us at Suite 1201 -- 1111 West Hastings Street, Vancouver, British Columbia, Canada, V6E 2J3. This Form 20-F may also be obtained from the U.S. Securities & Exchange Commission by calling 1-800-732-0330, or on-line at www.sec.gov or at www.sedar.com where the Form 20-F is filed as the Company's Annual Information Form.
 
 

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