Cub Energy Inc. Announces Appointment of Investor Relations Consultant

HOUSTON, TEXAS--(Marketwired - May 8, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) today announced that it has retained The Capital Lab Inc. ("The Capital Lab") to advise and support the Company with its investor communications and marketing efforts.

The Capital Lab will assist with a variety of investor relations activities and projects. The Capital Lab has been retained for a period commencing May 1, 2013 and ending on May 1, 2014. Following the initial three-month period, the agreement may be terminated by either party on one month's prior written notice to the other party.

In consideration of the investor relations services to be provided by Capital Lab, Cub has agreed to an initial retainer of C$13,000 per month for an initial three-month period and C$11,000 per month thereafter, plus additional fees for special projects.

The Capital Lab is a Toronto-based full service investor relations firm owned by Belinda Labatte. The Capital Lab provides investor relations, corporate secretary, business development and corporate communications advice and support. The Capital Lab represents small, medium and large cap public companies trading on all major North American stock exchanges.

The Capital Lab does not have any interest, directly or indirectly, in the Company or its securities, nor does The Capital Lab have any current right or intent to acquire such an interest.

About Cub Energy Inc.

Cub Energy Inc. (TSX VENTURE:KUB) is an upstream oil and gas company with 110,000 net acres in nine exploration and production licences within the two major producing basins of Ukraine. The Company's strategy is to implement western technology and capital, combined with local expertise and ownership, to increase value in its undeveloped land base, creating and further building a portfolio of producing oil and gas assets within a high pricing environment.

For further information please contact us or visit our website: www.cubenergyinc.com.