CRED iShares Trust

CREDO Petroleum Corporation (NASDAQ: CRED) today reported that Forbes magazine has again ranked the company as one of its 200�Best Small Companies. For 2008, Forbes ranked CREDO 103rd on its 200 Best Small Companies list. The 2008 list appears in the October 27, 2008 issue of Forbes magazine. James T. Huffman, Chief Executive Officer, said, �Once again, we are pleased to be selected by Forbes as one of the best small companies in America. To qualify, a company must show a consistent and outstanding pattern of positive growth during a five-year period as well as over the last 12 months. In today�s economic environment, it is worth pointing out that we have been able to perform at a consistently high level over a long period of time without using leverage.� This year�s recognition by Forbes does not stand alone. CREDO has a long record of consistent and outstanding performance as the following citations show: 200 Best Small Companies � 2008, 2006, 2004, 2001 (Forbes Magazine) America�s Fastest Growing Small Companies � 2006, 2005, 2004, 2003 (Fortune Small Business Magazine) Top Performing 25 Stocks in the Past 25 Years (#17) � 2007 (USA Today) Huffman further stated, �This year marks our 30th year as a public company. During those years, we have prospered during a number of turbulent cycles because we maintain a strong financial position. We are proud that we have always provided a financially sound and profitable business for our shareholders, employees, and customers. Inclusion in Forbes list is recognition that our employees and directors have built an outstanding company for our shareholders.� For more information about the company, visit http://www.credopetroleum.com. CREDO Petroleum Corporation is a publicly traded independent energy company headquartered in Denver, Colorado. The company is engaged in the exploration for and the acquisition, development and marketing of natural gas and crude oil in the Mid-Continent and Rocky Mountain regions. The company�s stock is traded on the NASDAQ System under the symbol �CRED� and is quoted daily in the �NASDAQ Global Market� section of The Wall Street Journal. This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of Section�27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included in this press release, other than statements of historical facts, address matters that the company reasonably expects, believes or anticipates will or may occur in the future. Such statements are subject to various assumptions, risks and uncertainties, many of which are beyond the control of the company. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may�differ materially from those described in the forward-looking statements. Investors are encouraged to read the "Forward-Looking Statements" and "Risk Factors" sections included in the company's 2007�Annual Report on Form 10-K for more information. Although the company may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.