Stetson Announces Appointment of New CFO

TORONTO, ONTARIO--(Marketwired - May 31, 2013) - Stetson Oil & Gas Ltd. (TSX VENTURE:SSN) reports the appointment of Mr. Paul Bozoki as the Chief Financial Officer of the company.

Mr. Bozoki is a Chartered Accountant, holds an MBA and has over 15 years of accounting, tax and corporate finance experience. Since October 2010, Mr. Bozoki has served as Chief Financial Officer of several junior resource companies listed on both the TSX and the TSX-V. Mr. Bozoki began his career at Ernst & Young LLP where he spent six years auditing clients predominately in the mining industry.

The appointment of Mr. Bozoki follows the resignation of Mr. Sam Yik as Chief Financial Officer of Stetson. The management and board of Stetson would like to thank Mr. Yik for his service and the contributions he has made to the company and wish him well in the future.

Stetson, a member of the Forbes & Manhattan, Inc. group of companies, is a junior oil and gas company with exploration assets in North Dakota, USA.

Regulatory Statements

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the appointment or resignation of officers of the company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Stetson, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate acquired properties; foreign operations risks; and other risks inherent in the oil and gas industry. Although Stetson has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Stetson does not undertake to update any forward-looking information, except in accordance with applicable securities laws.