EnerGulf Announces the Acquisition of Columbus Copper - Seite 3

Note on historical data:

Some portions of the historical Bulqiza and Batra mines are not included as part of the Bulqiza-Batra license.

This news release contains historical data respecting the Thekna mine. The source of this historical estimate is understood to be the Albanian Geological Survey utilizing a methodology believed to be based on the Russian sectional calculation method and reconciled against past production figures. The Albanian calculations are adjusted for production figures after reconciliation with the sectional calculation. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource or mineral reserve. The Company is not treating the historical estimate as a current mineral resource or reserve.

Columbus' Qualified Person, David C. Cliff, BSc (Hons), MIMMM, C Eng, FGS, also Columbus' President and CEO, has reviewed and approved the content of this news release regarding the Bulqiza-Batra license.

Readers are cautioned not to place undue reliance on these statements as they involve known and unknown risks, uncertainties and other factors that may cause a change in assumptions and the actual outcomes and estimates may be materially different from the estimated or anticipated future results, achievements or positions expressed or implied by those forward-looking statements. The Company disclaims any intentions or obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

About EnerGulf see www.energulf.com

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

John D. Elmore, Director & President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release contains forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"), respecting the proposed Acquisition, proposed date of completion thereof, and transactions ancillary thereto, and the potential for significant expansion in the Bulqiza-Batra license area. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by the forward-looking statements, including without limitation the ability to acquire necessary authorizations; Columbus' ability to obtain the Block 8 hydrocarbon license and the Bulqiza-Batra chromite license (the "Licenses"); the entering into a definitive agreement; obtaining approval of the TSX Venture Exchange; Columbus obtaining the required approval of its shareholder and obtaining the required court approval; obtaining applicable US approvals; risks associated with the accuracy of data and assumptions upon which the statement that there is potential for significant expansion in the Bulqiza-Batra license area was made; cost increases; possibility of a competing offer arising; unforeseen circumstances; risks associated with the exploration projects; dependence on third parties for services; non-performance by contractual counterparties; title risks; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumption: that the required approvals mentioned above will occur; that Columbus will be able to obtain the Licenses in a timely fashion; the accuracy of data and assumptions upon which the statement that there is potential for significant expansion in the Bulqiza-Batra license area was made; the timing and receipt of required approvals; that Columbus shareholders will vote in favor of the Acquisition; that required service providers will be available to assist with the transaction; that items required for mandated disclosure are available; general business and economic conditions; availability of financing; and ongoing relations with employees, partners and joint venturers. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.