Mr. Michael Nobbs reports

CASPIAN ENERGY INC. ANNOUNCES APPOINTMENT OF NEW GENERAL DIRECTOR OF ARAL PETROLEUM

Caspian Energy Inc. has appointed Zhaik Zhexembayev as the new general director of Caspian's wholly owned subsidiary, Aral Petroleum Capital LLP, effective immediately.

The appointment of Mr. Zhexembayev, which remains subject to approval by the NEX, follows the resignation of Erbolat Kulumbetov, who will continue on as an adviser on technical matters to Aral. Mr. Zhexembayev has been Aral's financial analyst since 2012 and has worked for the company since 2010. Mr. Zhexembayev holds a degree in economics from the Beijing Jiaotong University School of Economics and Management, and speaks English, Chinese, Kazakhstani and Russian.

"We are delighted that Mr. Zhexembayev has agreed to accept the position of general director of Aral," said Michael Nobbs, the chairman of the board. "Mr. Zhexembayev is a long-standing employee of Aral and has strong knowledge of the financial industry. He is well positioned to take on the responsibility for managing Aral's operations on the ground as general director from Mr. Kulumbetov. We also wish to thank Mr. Kulumbetov for his service to Aral during his tenure as general director, and look forward to continuing to work with him in the future."

We seek Safe Harbor.