Oxbow Resources Announces Corporate Restructuring Plan

DOVER, DE--September 23, 2008 -- Oxbow Resources (PINKSHEETS: OXWR), a company that is using innovative geological concepts and exploration technology to discover new gold and silver resources in well-established mineral belts, announces it has plans to improve the Company through restructuring the board of directors as well as incorporating a more global focus. Oxbow Resources is aggressively pursuing qualified and experienced professionals to lead the Company towards its long term goal of becoming a world class precious metals exploration company. Initial discussions are already underway to take advantage of the wealth of talent that is currently available due to poor market conditions. The new board and management team will be strong in global mineral exploration expertise and capital raising ability. Oxbows strengthened board of directors will place the company in a better position to expand its mineral holdings world wide and raise the money necessary to put into place an aggressive exploration program. The Bristol Gold project in British Columbia will remain a primary focus but during the recent market downturn there are many projects, World wide, that Oxbow will look to acquire at bargain prices. Oxbow Resources focuses on the acquisition and development of high-quality gold properties in North America and other continents. The company's flagship property is the Bristol Gold project located in British Columbia, Canada. This project has a very promising technical report which can be viewed at the company website. Bristol Gold is located less than 20 kilometers away from the Bralorne-Pioneer gold mine --historically, the largest gold mine in western Canada. FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations: Direct: (702)-664-1164 Toll Free: 1-888-464-5314 Website: http:www.oxbowresources.com Email: info@oxbowresources.com Cautionary Statement All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Oxbow Resources Ltd. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.