ENG Energulf Resources (delisted)

EnerGulf Resources Inc. (TSX VENTURE:ENG)(FRANKFURT:EKS) ("EnerGulf" or "the
Company") is pleased to report that the lawsuit brought against the Company by
Veritas DGC Limited and Veritas Geophysical (Nigeria) Limited ("Veritas") has
been finally dismissed by the Supreme Court of British Columbia. Costs of the
action have been awarded to EnerGulf as the prevailing party to the litigation.
Veritas' claim of $700,000 plus interest is now eliminated as a Company
contingent liability.


Lotshi Block, Onshore Democratic Republic of Congo: The Company continues its
efforts to secure funding and to identify qualified participant(s) for the drill
ready Lotshi Block, onshore Democratic Republic of Congo ("DRC"). As previously
reported, a prospective resource estimate prepared for the Lotshi Block includes
a mean estimate of 313,176,000 barrels of potentially recoverable oil. The
report was prepared by DeGolyer and MacNaughton (D&M), an independent
international petroleum consulting firm located in Dallas, Texas. The report is
available on SEDAR and on the EnerGulf website. The Block is situated on the far
west side of the DRC contiguous to Cabinda, Angola, next to the Atlantic Ocean.
The Lotshi Block is believed to be on trend with the billion barrel M'boundi
field in the Republic of Congo and has at least 7 independent prospects. 


The Company also reports that cross-awards have been made in the arbitration
proceeding between the Company and The Geophysical Institute of Israel ("GII"),
recently concluded in Houston, Texas in The International Centre for Dispute
Resolution. The arbitrator awarded equipment demobilization costs to GII and
awarded damages to EnerGulf for property remediation, in arbitration proceedings
relating to a contract for seismic data acquisition services. The net result is
an award in favour of GII for $161,200 plus interest at the rate of 5% per annum
from April 1, 2012. The Company is considering its options regarding the award.


Block 1711, Offshore Namibia: EnerGulf continues to search for qualified
potential participants and make data room presentations for Block 1711 as the
Government of Namibia works to restructure the interests in the block by seeking
a new majority participant. A prospective resource report for Block 1711 was
prepared covering four prospects and nine leads. The report includes a mean
estimate of 3,166,000,000 barrels of potentially recoverable oil. The report was
prepared by independent oil and natural gas reservoir engineers Netherland
Sewell and Associates Inc. of Dallas, Texas, and is available on SEDAR and the
EnerGulf website. EnerGulf currently has a 15% working interest in Block 1711.
The next proposed work program calls for a 3D seismic program in the southern
part of the block with a follow up well.


2013 Annual General Meeting: 

EnerGulf also reports that it has set the date for its 2013 Annual General
Meeting at August 15, 2013. Management does not contemplate that it will be
proposing any special business at the Meeting.


On Behalf of the Board of Directors of ENERGULF RESOURCES INC.

Jeffrey L. Greenblum, Chairman & CEO

Certain disclosure in this release constitute forward-looking statements that
are subject to numerous risks, uncertainties and other factors relating to
EnerGulf's operations as an oil and gas exploration company that may cause
future results to differ materially from those expressed or implied by those
forward-looking statements and readers are cautioned not to place undue reliance
on these statements. EnerGulf disclaims any intentions or obligations to update
or revise any forward looking statements whether as a result of new information,
future events, or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Andrew Mugridge
(604) 559-5573


Ben Curry
(604) 559-5573
info@energulf.com
www.energulf.com

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