CRCL Expands Board of Directors

FORT WORTH, Texas--(BUSINESS WIRE)--Circle Star Energy Corp. (OTCBB: CRCL) is pleased to announce the expansion of its Board of Directors with the appointment of Elmer Reed.

“Joining the Board of Directors at Circle Star Energy is an honor. I look forward to working with the rest of the Board members on the next phases of growth for the company.”

CRCL CEO Jeff Johnson stated, “Elmer is a clear choice to help take CRCL to the next level. Given his experience and finely-honed track record, we are excited and confident that Elmer’s leadership will help us develop and execute on our long-term prospects.”

Mr. Reed brings 41 years of experience in the oil field service to CRCL. Currently the Vice President of Executive Sales at Select Energy Services (SELEP), Mr. Reed’s proven industry knowledge comes from his breadth of management positions, including his roles at BJ Services Company (NYSE: BJS), Newpark Drilling Fluids (NYSE: NR), and Halliburton Energy Services (NYSE: HAL).

Mr. Reed stated, “Joining the Board of Directors at Circle Star Energy is an honor. I look forward to working with the rest of the Board members on the next phases of growth for the company.”

Mr. Reed is already making an impact by facilitating the formation of an audit committee that will reinforce CRCL’s financial reporting, disclosure, and compliance.

About Circle Star Energy Corp.

Circle Star Energy Corp. is a performance-driven exploration & production company that is developing exposure to high-impact, large scale oil & gas plays via operated and non-operated positions; while establishing and building a base of low-risk, solid return and operated working interests.

CRCL is continuing its efforts in expanding its exposure in Northwest Kansas, which is also being pursued by other energy industry participants such as Chesapeake Energy Corp. (NYSE: CHK), Encana Corp. (NYSE: ECA), SandRidge Energy Inc. (NYSE: SD) and Apache Corp. (NYSE: APA).

For more information about CRCL, please visit www.circlestarenergy.com.

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This news release contains "forward-looking statements" as that term is defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, our use of proceeds, expectations related to our vision and strategy and our plans for growth and increase of shareholder value. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies and the possibility that certain acquisitions will not close. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause the use of proceeds to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.