Stetson Appoints Chief Financial Officer

CALGARY, ALBERTA--(Marketwire - Nov. 28, 2012) - Stetson Oil & Gas Ltd. (TSX VENTURE:SSN) welcomes Mr. Sam Yik as chief financial officer of the company. The appointment of Mr. Yik follows the resignation of Ms. Deborah Battiston as interim chief financial officer of Stetson. The company would like to thank Ms. Battiston for her service.

Mr. Yik is a chartered accountant with over 20 years of diversified business experience in areas of accounting, finance, corporate development, marketing, and logistics, with focus primarily in the resource sector. Mr. Yik graduated from the University of British Columbia and is a member of the Institute of Chartered Accountants of British Columbia. Mr. Yik obtained his CA designation while articling with the Vancouver office of KPMG and is also a member of the CICA's (Canadian Institute of Chartered Accountant) Small Business Advisory Group.

Mr. Yik has been directly involved in the resource industry for a number of years and has held senior financial, commercial, and operational positions with exploration and commercial production stage companies publically listed in Canada and the United States. Mr. Yik also spent 11 years with a large public petro-chemical company, where his roles served increasing responsibilities in reporting, marketing, logistics, and commercial management in an international setting.

About Stetson Oil & Gas Ltd.

Stetson is a junior oil and gas company with exploration, development, and production programs in Saskatchewan and Alberta, Canada and North Dakota, USA.

Cautionary Note Regarding Forward-Looking Information: This press release contains "forward-looking information", within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the appointment of new officers of the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social risks and uncertainties; risks relating to oil and gas exploration and exploitation activities; oil and gas prices; transaction risks; and delays in obtaining regulatory approvals. 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 statements 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.