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CERTIFICATION OF CHIEF FINANCIAL OFFICER UNDER SECTION
302 OF THE SARBANES-OXLEY ACT OF 2002

I, Garth Johnson, certify that:

|1. | I have reviewed this Annual Report on Form 20-F of AMG
      Oil Ltd.;                                                                                                                                                                                                                                                                                    
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|2. | Based on my knowledge, this Annual Report does not
      contain any untrue statement of a material fact or omit to state a
      material fact necessary to make the statements made, in light of the
      circumstances under which such statements were made, not misleading with
      respect to the period covered by this Annual Report;          
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|3. | Based on my knowledge, the financial statements, and
      other financial information included in this Annual Report, fairly present
      in all material respects the financial condition, results of operations
      and cash flows of the Company as of, and for, the periods presented in
      this Annual Report;                                
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|4. | The Companys other certifying officer(s) and I are
      responsible for establishing and maintaining disclosure controls and
      procedures (as defined in Exchange Act Rules 13a- 15(e) and 15d-15(e)) and
      internal control over financial reporting (as defined in Exchange Act
      Rules 13a-15(f) and 15d-15(f)) for the Company and
have:

| | a. | Designed such disclosure controls and procedures, or
      caused such disclosure controls and procedures to be designed under our
      supervision, to ensure that material information relating to the Company,
      including its consolidated subsidiaries, is made known to us by others
      within those entities, particularly during the period in which this Annual
      Report is being prepared;
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| | b. | Designed such internal control over financial reporting,
      or caused such internal control over financial reporting to be designed
      under our supervision, to provide reasonable assurance regarding the
      reliability of financial reporting and the preparation of financial
      statements for external purposes in accordance with generally accepted
      accounting principles;           
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                 
| | c. | Evaluated the effectiveness of the Companys disclosure
      controls and procedures and presented in this Annual Report our
      conclusions about the effectiveness of the disclosure controls and
      procedures, as of the end of the period covered by this Annual Report
      based on such evaluation; and                                                                                          
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| | d. | Disclosed in this Annual Report any change in the
      Companys internal control over financial reporting that occurred during
      the period covered by the Annual Report that has materially affected, or
      is reasonably likely to materially affect, the Companys internal control
      over financial reporting.                                                                                 

|5. | The Companys other certifying officer(s) and I have
      disclosed, based on our most recent evaluation of internal control over
      financial reporting, to the Companys auditors and the audit committee of
      the Companys board of directors (or persons performing the equivalent
      functions):
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| | a. | All significant deficiencies and material weaknesses in
      the design or operation of internal control over financial reporting which
      are reasonably likely to adversely affect the Companys ability to record, process,
  summarize and report financial information; and
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| | b. | Any fraud, whether or not material, that involves
      management or other employees who have a significant role in the Companys
      internal control over financial reporting.

Date: December 18, 2008

| |  | 
      Garth Johnson 
| |  | -----------------------
| |  | Garth Johnson          
| |  | Chief Financial Officer

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