Sonoran Energy, Inc.
OTC Bulletin Board : SNRN

Sonoran Energy, Inc.

July 11, 2005 11:55 ET

Sonoran Energy Retains Investment Bankers MTM Corporate Finance

LONDON, UNITED KINGDOM--(CCNMatthews - July 11, 2005) - Sonoran Energy, Inc. (OTCBB:SNRN) announced today that the Company has retained MTM Corporate Finance ("MTM") as its investment bankers. MTM will advise Sonoran Energy on all aspects of its investment banking requirements including corporate finance, deal flow, restructuring and financing.

Former senior Citicorp investment bankers established London-based MTM Corporate Finance (www.mtmcorporate.com) in 1989 as an independent investment bank that provides corporate advisory services to corporations, institutions, industrial consortiums, governments and other organizations in Europe, Asia Pacific and the Middle East. MTM's current and past client list includes Astra Zeneca, BP Amoco, British Telecoms, British Nuclear Fuels, Cadbury Schweppes, Saudi Telecom and 20 of the top FTSE 100 companies.

"We are extremely pleased to be working with the experienced team of corporate finance advisors at MTM," said Peter Ostenfeld-Rosenthal, Sonoran Energy President and CEO. "We expect MTM's broad base of experience to be a strong addition to Sonoran Energy as we enter the next phase of our development and pursue future acquisition and financing opportunities."

"MTM's philosophy is only to work with world class companies or companies that have the potential to be world class," said Rikky Hasan, Managing Director and Co-Founder MTM Corporate Finance. "We have been continually impressed with the professionalism and expertise of Sonoran Energy's management team, as well as the upside potential of the Company's portfolio of international projects."

About MTM Corporate Finance

MTM Corporate Finance was established in 1989 by former senior Citicorp investment bankers as an independent investment bank that provides experience based corporate finance advisory services to corporations, institutions, industrial consortia, governments and other organizations in Europe, Asia Pacific and the Middle East. The team comprises individuals from Tier 1 financial institutions that combine industry expertise with regional specialists and considerable transaction experience to develop solutions to the specific needs of our clients.

About Sonoran Energy, Inc.

Sonoran Energy, Inc. is an independent oil and gas company that is building a diversified portfolio of high value oil and gas assets in North Africa, the Middle East, the Caspian region and North America. With a presence in the UK, Middle East, Asia, and North America, Sonoran Energy explores, develops, and enhances the performance of material and high value oil and gas opportunities, leveraging the Company's technical expertise and extensive industry and governmental connections.

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.


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