SmallCapNewsRelease: (OTC: SNVP) granted registration to undertake oil and gas exploration in Fiji

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 9, 2009 -- announced today that its representatives and its joint venture, Savoy-Masi Petroleum were granted a Certificate by the Fiji Islands Trade and Investment Bureau (FIRC number 09-0081) to undertake oil and gas exploration under the provisions of the Foreign Investment Act of 1999.

The meeting between Savoy-Masi Petroleum and Netani Sukanaivalu of The Republic of Fiji Islands Ministry of Lands & Mineral Resources covered stimulating Fiji's economy through oil exploration, recompletion and working over existing wells.

About the company:

Savoy Energy Corporation (OTC Bulletin Board: SNVP) is an independent oil and gas company building a diversified portfolio of valuable oil and gas assets. The company is focused on identifying abandoned oil and gas assets, which are then brought online through recompletion and work-over activities, a meticulous process of evaluation, application of modern well technology, and stringent management controls. (www.savoyenergycorp.com)

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