SOURCE: Adino Energy Corporation

Adino Energy Corporation

April 10, 2012 09:00 ET

Adino Energy Corporation Announces Delay in Filing Form 10-K

HOUSTON, TX--(Marketwire - Apr 10, 2012) - Adino Energy Corporation (OTCQB: ADNY) (OTCBB: ADNY), an emerging oil and gas exploration and production company (E&P) concentrated on the Permian Basin in West Texas, announced that it has extended the filing date of its Annual Report on Form 10-K for the year ended December 31, 2011. The Company has filed Form 12b-25 Notification of Late Filing with the U.S. Securities and Exchange Commission (SEC) on March 21, 2012.

Adino Energy is compiling additional information required for its exploration and production operations. The Company expects to complete and file the Form 10-K on April 16, 2012.

"We are working diligently and as quickly as possible on completing the year-end audit. We are committed to getting it done," said Timothy G. Byrd Sr., Chief Executive Officer of Adino Energy. "In addition to filing Form 10-K, we will be sharing pertinent information in the coming weeks regarding Adino's goals, objectives and strategies. We look forward to sharing our overall vision of the company," Byrd added.

For details disclosed in its Form 12b-25, please visit the SEC website or go to the investor relations section of the Adino Energy website at www.adinoenergycorp.com.

About Adino Energy Corporation
Adino Energy Corporation (OTCBB: ADNY) is an emerging oil and gas exploration and production (E&P) company focused on oily assets with significant development, work-over and enhanced oil recovery (EOR) potential concentrated in the Permian Basin in West Texas.

Forward-Looking Statements
Statements made in this news release relating to Adino's future production, expenses and future capital projects and expenditures, and all other statements except statements of historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the Company's future performance are both subject to a wide range of business risks and uncertainties and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements. Further information on risks and uncertainties that may affect the Company's operations and financial performance, and the forward-looking statements made herein, is available in the Company's filings with the Securities and Exchange Commission, which are incorporated by reference as though fully set forth herein.

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