SOURCE: Stratex Oil & Gas Holdings, Inc.

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May 13, 2014 08:00 ET

Stratex Oil and Gas Engages MZ Group as Investor Relations Advisor

HOUSTON, TX--(Marketwired - May 13, 2014) - Stratex Oil & Gas Holdings, Inc. (OTCQB: STTX) ("Stratex" or the "Company"), an independent energy company focused on the acquisition and development of liquids rich South Texas oil and gas properties, today announced that it has retained MZ Group as its investor relations advisor. MZ Group will assist Stratex with designing and executing a comprehensive investor relations program, with an emphasis on investor outreach.

"Our highly experienced management has a clear strategy to build stakeholder value via the organic drillbit, by identifying, acquiring and subseqently exploiting undervalued primarily liquids based assets, presently in South Texas," explained Stephen Funk, CEO of Stratex. "We will utilize our collective experience in executing this exact blueprint. We see many opportunities to increase the value of our existing South Texas properties through horizontal drilling in the Eagle Ford Shale, Austin Chalk and Buda formations, developing our medium-heavy San Miguel oil locations, and for continued growth through bolt-on acquisitions and our recently announced merger with Richfield Oil and Gas."

Ted Haberfield, President for MZ North America, stated, "Stratex is an emerging, undervalued company that we enjoy working with. Coupled with the impressive leadership team that possesses financial and operational expertise rarely seen in a microcap company, we believe STTX represents a rare opportunity of high potential returns with low downside risk."

About Stratex Oil & Gas Holdings, Inc.

Stratex Oil & Gas Holdings, Inc. is an independent energy company focused on the acquisition and subsequent organic exploitation and development of operated crude oil properties within its core South Texas acreage located in the prolific Eagle Ford Shale play, as well as smaller operated and non-operated working interests in North Dakota and Montana. Stratex is fully committed to the creation of long term value for all of its stakeholders. For more information visit: http://www.stratexoil.com.

About MZ Group

MZ Group, subsidiary of @titude Global, a multinational company and the world's largest independent global investor relations consulting firm, provides investor relations, corporate communications, market intelligence, corporate governance and technology products and services. Founded in 1999, MZ Group focuses on innovation and personalized services, supported by its exclusive "one-stop-shop" business model. With offices in São Paulo, New York, Chicago, San Diego, Vancouver, Hong Kong, Beijing, Shanghai, Taipei and Mumbai, MZ has approximately 350 professionals who serve over 580 clients in 12 countries. For more information, please visit www.mzgroup.com.

Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" "project" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward- looking statements may not occur. Factors that could cause or contribute to such differences include the ability of Stratex Oil & Gas to attract customers for its services, and to continue developing its oil & gas assets. Further information on Stratex's risk factors is contained in its filings with the Securities and Exchange Commission. Stratex Oil & Gas does not undertake any duty nor does it intend to update the results of these forward-looking statements.

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