Hull Energy, Inc. Announces Restructuring Program

In an effort to improve its short- and long-term financial condition and create greater shareholder value, Hull Energy, Inc. (Pink Sheet: HULL) today announced a comprehensive restructuring program.

As part of the restructuring plan, on July 14, 2011 Ron Ratner resigned as the Company's sole officer and director. Concurrent with Mr. Ratner's resignation, Anthony Maye was appointed as the Company's new President, Chief Executive Officer, Chairman of the Board and Secretary Treasurer. Mr. Maye has extensive experience managing and operating oil companies in West Texas.

Mr. Ratner commented that, "It has been both a challenge and a pleasure directing Hull Energy for the past several years. However, it is time to step down and turn over operational responsibilities to an individual with an extensive background in the oil industry. In order to succeed in today's fast paced oil market we need an experienced oil man running the Company and its day to day operations. With Mr. Maye running the company we have just that."

Mr. Maye stated, "I am looking forward to getting started. We need to identify additional oil leases with producing wells capable of generating sufficient revenues for positive cash flow, the acquisition of additional leasehold interests and for general working capital. If we are successful in implementing this business plan we believe that the markets will react positively to these developments and enhance shareholder value."

With the change in management, the Company anticipates moving its corporate headquarters to West Texas.

For more information go to our web site www.hullenergyinc.com.

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include failure to complete successfully the development of new or enhanced products, the successful implementation of acquisition program, the Company's future capital needs, the success of competitive products, fluctuations in costs, changes in consumer preferences and other items described in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update any statements in this press release.

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