SOURCE: Matrixx Resource Holdings, Inc.

March 28, 2011 10:46 ET

Matrixx to Roll Out Oil and Gas Royalty Division

HOUSTON, TX--(Marketwire - March 28, 2011) -   Matrixx Resource Holdings, Inc. (PINKSHEETS: MXXH), Matrixx Resource Holdings, Inc. is pleased to announce that it is launching a division within the Company called Matrixx Royalties. The primary function of Matrixx Royalties will be to pursue the acquisition, funding, and management of oil and natural gas royalties in Texas and its surrounding area.

The roll out of this new division will transform Matrixx from an oil and gas exploration company to a diversified energy company. The Company believes that expanding into the royalty acquisition, management, and divestiture of oil and gas ownership and working interests, presents itself as an attractive risk to reward portfolio in the energy sector.

Matrixx Royalties will be operating out of Houston, Texas, where its professionals have over 20 years of experience in the acquisition and sales of royalties and working interests within the energy sector. Matrixx has secured additional financial commitments and will begin advertising in the Houston, Texas area commencing in April starting with the upscale magazine Prime. The Company will be seeking royalties and working interests primarily in Texas, Louisiana, and New Mexico. Interested parties looking to sell all or a portion of their royalties may contact Matrixx at info@mxxh.net.

Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.

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