Holloman Energy Corporation
OTC Bulletin Board : HENC

Holloman Energy Corporation

October 31, 2007 07:00 ET

Holloman Energy Corporation Strengthens Board of Directors

Mark Stevenson and Eric Prim Bring Operational Expertise

CALGARY, ALBERTA--(Marketwire - Oct. 31, 2007) - Holloman Energy Corporation (OTCBB:HENC) ("Holloman" or "the Company"), an emerging oil and gas exploration and development company, is pleased to announce the appointment of Mr. Mark Stevenson and Mr. Eric Prim to the Board of Directors.

Mr. Stevenson and Mr. Prim are senior executives of the Holloman Corporation of Houston, Texas. Holloman Corporation is one of the largest entirely employee owned engineering, procurement and construction companies in the United States. Optimizing its known oil and gas energy reserves, providing reliable energy processing and delivery infrastructures, and developing alternative sources of energy in a safe and socially responsible manner are the primary business focuses of Holloman Corporation.

Holloman Corporation, utilizing its core business is the single largest shareholder of Holloman Energy utilizing its core expertise to facilitate advancement and development in all of the Company's oil and gas properties.

Mark E. Stevenson is the President and CEO of Holloman Corporation, Houston, Texas. Mr. Stevenson obtained a BS in Construction Management from Texas Tech University and serves on the board of directors for Holloman Holdings, Inc., Pocketmail Group Limited and RMG Limited. Mr. Stevenson joined Holloman in 1976 and has spent his entire career working in various capacities within the Company. Mr. Stevenson assumed his current role in 1998 and since that time has been responsible for strategic planning, corporate policy development and directing the activity within the company's operating divisions.

Mr. Eric Prim is presently Vice President of Holloman Corporation where he is responsible for engineering and asset based business sectors in Houston Texas. Mr. Prim received his B.S. in Chemical Engineering from the University of Texas in Austin in 1982. He later received his MBA, Magma Cum Laude in 1987. Mr. Prim previously worked at Rexene Corporation as the technical manager of olefins manufacturing, where he was responsible for overseeing a 50% growth in that business. Mr. Prim has been a major contributor to the success, growth and diversification of Holloman Corporation.

Holloman Energy, President and CEO, Cameron King states, "We are extremely proud to have this professional relationship with Mark and Eric and the opportunity to rely on their expertise in all aspects of the petroleum industry. Their appointment to the Board of Directors will assist in the facilitation and development of all our oil and gas properties."

About Holloman Energy Corporation

Holloman Energy Corporation is an independent oil and gas exploration and production company. Holloman operations are focused primarily in Australia and Canada. Holloman's three major oil and gas properties in Australia are: Gippsland Basin, Cooper Basin, and Barrow Sub Basin. In Canada, Holloman has accumulated an impressive 1.2 million acres in the prolific oil and gas region of Alberta - Saskatchewan basin for development. The area is prone to both oil and gas in multiple zones.

Holloman has spent over three years in researching and performing geophysical acquisition over the Australian concessions. Each of these basins include several major discoveries in various stages of development since the late 1960's, and have yielded billions of barrels of production. Several of the world's largest oil and gas companies are producing, developing and exploring adjacent to Holloman's oil and gas concessions.

Holloman is partnering with industry leaders, to develop prospective reserves in the Canadian prairies proving our expertise and growth model.

This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Halloman expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although Halloman believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Halloman's management on the date the statements are made. Halloman undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

No regulatory authority has passed upon the merits of the proposed transaction and has not approved nor disapproved the contents of this press release.

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