SOURCE: Tiger Oil and Energy, Inc.

October 07, 2010 11:19 ET

Tiger Oil and Energy Adds New Board Member

LAS VEGAS, NV--(Marketwire - October 7, 2010) -  Tiger Oil and Energy, Inc. (OTCBB: TGRO) announces the addition of Mr. Ryan Kerr to the Board of Directors. Mr. Kerr currently manages Inland Oil Corp., his family-owned business. Mr. Kerr has over 15 years experience in locating, producing, completing and general operations in the oil and gas industry. Mr. Kerr has successfully drilled and completed hundreds of wells throughout the Mid-continent region and is actively involved with development and operations of fields in this region. Mr. Kerr's extensive experience in oil and gas exploration and production is furthered as an exploration geologist where he has consulted on several water-flood and infill drilling projects throughout Oklahoma, Kansas, North Dakota, Wyoming, New Mexico, Texas, and California. "The addition of Mr. Kerr is another major step forward in building our oil exploration management team and his knowledge of the industry and availability to new projects will accelerate the growth of Tiger Oil and Exploration," stated Ken Liebscher, CEO. 

Further to our news release of October 5, 2010, management did not close on the acquisition agreement dated July 23, 2010, between Tiger Oil and Targe Energy Exploration Production, LLC ("Targe Energy") with respect to the purchase of Targe Energy with-in the contract period and therefore will proceed on other opportunities.

"Safe Harbor" Statement:

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. A complete "Safe Harbor" Disclosure is available under News on the Company's website at www.tigeroilandenergy.com.

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by the Company, as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

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