EnerGulf Resources Inc.
TSX VENTURE : ENG
FRANKFURT : EKS

EnerGulf Resources Inc.

September 02, 2015 08:00 ET

EnerGulf Announces AGM Results and Updates on the Columbus Copper Corporation Acquisition

TORONTO, ONTARIO--(Marketwired - Sept. 2, 2015) - EnerGulf Resources Inc. (TSX VENTURE:ENG)(FRANKFURT:EKS) ("the Company") is pleased to announce the results of the Company's annual general meeting of shareholders held on August 31, 2015. Jeff Greenblum, John D. Elmore, Peter Gianulis and Anu Dhir were re-elected as the Board of Directors. Also, Collins Barrow Toronto LLP were re-elected as the Auditors of the Company.

The Company announces that in conjunction with the proposed acquisition of Columbus Copper Corporation, Jonathan Chu has resigned as Chief Financial Officer of the Company to allow for a seamless transition of this role. "The Company greatly appreciates Mr. Chu's contribution to the Company during the past 18 months." said John Elmore, President of the Company.

The resignation of Jonathan Chu as Chief Financial Officer of the Company will allow Akbar Hassanally to assume the Chief Financial Officer duties at closing of the Arrangement Agreement with Columbus Copper Corporation. Upon closing the Arrangement Agreement, Jorge Martinez will become a Vice President of the Company, and Jenna Virk will become the Corporate Secretary and Vice President of Legal of the Company. The offices of the Company would be moved to 1090 Hamilton Street, Vancouver, British Columbia V6B 2R9. The Company looks forward to the closing of the Arrangement Agreement.

Readers are cautioned not to place undue reliance on these statements as they involve known and unknown risks, uncertainties and other factors that may cause a change in assumptions and the actual outcomes and estimates may be materially different from the estimated or anticipated future results, achievements or positions expressed or implied by those forward-looking statements. The Company disclaims any intentions or obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

About EnerGulf: see www.energulf.com

On Behalf of the Board of Directors of ENERGULF RESOURCES INC.

John D. Elmore, Director & President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to EnerGulf's operations as an oil and gas exploration company that may cause future results to differ materially from those expressed or implied by those forward-looking statements and readers are cautioned not to place undue reliance on these statements. EnerGulf disclaims any intentions or obligations to update or revise any forward looking statements whether as a result of new information, future events, or otherwise.

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