SOURCE: Stratex Oil & Gas Holdings, Inc.

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December 01, 2014 08:00 ET

Stratex Oil & Gas Holdings, Inc. Completes Acquisition of Richfield Oil & Gas Company

SALT LAKE CITY, UT--(Marketwired - December 01, 2014) - Stratex Oil & Gas Holdings, Inc. (OTCQB: STTX) ("Stratex" or the "Company") and Richfield Oil & Gas Company ("Richfield") today announced the successful completion of the previously announced merger of a wholly owned subsidiary of Stratex with and into Richfield. Richfield survived the merger and is now a wholly owned subsidiary of Stratex. The merger was approved by Richfield's stockholders at a special meeting held on November 24, 2014.

Effective with the opening of the market today, Richfield ceased to be a publicly traded company and its shares of common stock ceased to be quoted for trading on the OTCQX.

As a result of the merger, each share of Richfield common stock now represents the right to receive one share of Stratex common stock.

Stratex intends to make a further announcement with respect to the merger later this week.

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