SOURCE: Circle Star Energy Corp.

Circle Star Energy Corp.

March 07, 2012 09:00 ET

Circle Star Energy Appoints Morris B. "Sam" Smith to Board of Directors

HOUSTON, TX--(Marketwire - Mar 7, 2012) - Circle Star Energy Corp. (OTCBB: CRCL) (the "Company"), a performance-driven company with interests in a number of high-impact, large scale oil and gas plays in the mid-continent region, is pleased to announce the appointment of Mr. Morris B. "Sam" Smith as a director of the Company and Chair of the Audit Committee, effective March 5, 2012.

Mr. Smith currently acts as a consultant for various oil and gas companies. He served as the Chief Executive Officer and as a Director of Woodbine Acquisition Corporation from April 2011 to August 2011, and as a consultant until October 2011. Prior to his employment with Woodbine Acquisition Corporation, Mr. Smith served as a consultant for four private entities, including two oil and gas companies and one oilfield services company. From 2005 to 2008, Mr. Smith served as the Chief Financial Officer for Cano Petroleum. Prior to Cano, he served from 2004 to 2005 as a consultant for RBI International. Prior to RBI, he served as the Executive Vice President, Chief Financial Officer and Treasurer for Encore Acquisition Company (2000 to 2003). Prior to Encore, Mr. Smith held the position of Vice President of Finance and Chief Financial Officer for Union Pacific Resources from 1996 to 2000. He also served as Controller for Union Pacific Corporation from 1990 to 1996. Mr. Smith received a Bachelor of Business Administration from McMurry University, and participated in the Advanced Management Program and International Studies from the Harvard School of Business.

Company CEO Jeff Johnson comments, "Having worked with Sam before, I am pleased to have the opportunity to benefit from his talents and wisdom once again. I am certain that as we move ahead, his expertise, business acumen and many contacts in the industry will prove immensely beneficial to our growing endeavors."

Further details regarding the Company, its appointments, finances and agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934, as amended, filed with the Securities and Exchange Commission's EDGAR database. For more information visit:

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs, results and potential diversification of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies and the possibility that the acquisition will not close. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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