Standard Exploration Ltd
TSX VENTURE : SDE

Standard Exploration Ltd

March 30, 2012 09:00 ET

Standard Exploration Ltd. Provides Corporate Update

CALGARY, ALBERTA--(Marketwire - March 30, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Standard Exploration Ltd. (the "Corporation") (TSX VENTURE:SDE) is pleased to announce that effective March 22, 2012 the Board has appointed Mr. Brian Korney to the Board of Directors.

Mr. Korney is a chartered accountant with over thirty years of industry experience working in both the public and private sector. Mr. Korney is currently the VP Finance and Chief Financial Officer of Caspian Energy, a TSX listed oil and gas exploration company. The Board of Directors of the Corporation is looking forward to working with Mr. Korney and believes that his extensive background and experience in the oil and gas industry will be a significant asset to the Corporation.

Subject to TSX Venture Exchange approval, effective April 1, 2012, the Corporation is also pleased to announce it has retained Macam IR Services ("Macam") of Calgary, Alberta, to provide investor relations and financial communication services to shareholders, and other stakeholders for the purpose of increasing awareness of the Corporation activities.

Macam is a full and comprehensive provider of investor relations services. Macam will assist the Corporation in fostering productive continuing dialogues with analysts, brokers, investors and other investment professionals. Macam will receive a monthly retainer of Cdn$5,000. The Corporation will also issue as compensation to Macam a total of 350,000 incentive stock options (the "Options"), which will be granted immediately and are exercisable at prices of $0.15, $0.20, $0.25 and $0.30 per share (1/4 at each price). The options shall vest in accordance with TSX Venture Exchange guidelines and the Corporation's stock option plan and will expire 30 days after the expiration of the contract.

The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange. The Corporation's public filings may be found at www.sedar.com.

This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws.

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

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