EnerGulf Resources Inc.

EnerGulf Resources Inc.

May 01, 2014 16:20 ET

EnerGulf Appoints Investor Relations Firm

TORONTO, ONTARIO--(Marketwired - May 1, 2014) - EnerGulf Resources Inc. (TSX VENTURE:ENG)(FRANKFURT:EKS) ("EnerGulf" or "the Company") is pleased to announce the appointment of the Buick Group Corp. ("Buick Group") as an investor relations consultant. The agreement with Buick Group is effective May 1, 2014 and is subject to the approval of the TSX Venture Exchange.

The Buick Group is a Toronto based firm that specializes in assisting emerging growth companies with public relations, capital markets experience, and developing and initiating strategies to strengthen relations and communications between companies or individuals associated with the firm. The Buick Group will assist EnerGulf in gaining increased exposure to investors through the dissemination of corporate information to a network of online venues, brokerage firms, financial institutions and private investors.

The Buick Group has been appointed for an initial term of twelve (12) months. The Buick Group will be paid for provision of its services a monthly fee of $3,500 and a grant of 200,000 incentive stock options exercisable at $0.37 per option for a period of five years, subject to the terms and conditions of the Company's stock option plan.

The Buick Group does not currently have any interest, directly or indirectly, in the Company or its securities, although it may choose to acquire shares in the Company in the future. The Buick Group does not intend to undertake any market making activities.

About EnerGulf

EnerGulf Resources Inc. is a Toronto, Canada based oil and gas exploration company trading on the Toronto TSX Venture Exchange (TSX VENTURE:ENG) and the Frankfurt Exchange (EKS). It also has offices in Kinshasa, Democratic Republic of Congo. EnerGulf's subsidiaries are EnerGulf Corporation, EnerGulf Africa Ltd., EnerGulf Namibia Ltd., EnerGulf DRC, Ltd. and EnerGulf Congo, SARL. EnerGulf hold a 90% working interest in the Lotshi Block, Onshore Democratic Republic of Congo, which covers approximately 507 square kilometers, with seven independent prospective hydrocarbon prospects. EnerGulf holds a 15% working interest in Block 1711, Offshore Republic of Namibia, which covers approximately 8,891 square kilometers, with nine independent prospective hydrocarbon prospects. EnerGulf has obtained Prospective Resources Reports for the Lotshi Block and Block 1711, which Reports are available on the EnerGulf website.

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

John Elmore

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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