Capital City Energy Group Selects Controller and Industry Experts to Lead Subsidiaries

PR Log (Press Release) – May 27, 2008 – COLUMBUS, Ohio,-- Capital City Energy Group (OTC Bulletin Board: CETG), a rapidly expanding energy company, focused on Oil and Gas.  Headquartered in Columbus, Ohio, promoted two executives and hired a third to lead the company's efforts in the energy industry.

Greg Reed has been hired as Controller of Capital City Energy Group; Keith J. Kauffman has been promoted to CEO of Avanti Energy Partners and Daniel R. Coffee has been promoted to CEO of Eastern Well Services, which are vital subsidiaries of Capital City Energy Group.

'Making these appointments within our company moves us closer to attaining our goal of creating a world-class management team. We are pleased to be able to add such talented members to our team and continue our efforts to be leaders in the energy industry,' said Capital City Energy Group's CEO Timothy W. Crawford.

Keith J. Kauffman has been promoted to CEO of the company's wholly owned subsidiary, Avanti Energy Partners. Kauffman, who will also continue to serve as president of Capital City Energy Group, is a 23-year veteran of the energy industry, including nearly 20 years with Mobil and ExxonMobil Corp. Kauffman spent several years with ExxonMobil's global drilling operations group as a financial analyst and controller.

Avanti Energy Partners serves as the oil and gas operator for Capital City Energy Group. Avanti also invests on behalf of the Capital City Energy Group as a valued joint venture partner and liaison with active and successful operators within the industry. In addition, Avanti serves as the fund advisor to the Capital City Energy Funds - a series of direct participation investment funds specializing in oil and natural gas income opportunities for retail and institutional investors.

In addition, Daniel R. Coffee has been promoted to CEO of Capital City Energy Group's wholly owned subsidiary, Eastern Well Services. Coffee, who will also continue to serve as COO of Capital City Energy Group, is a 39-year veteran of the energy industry, including 10 years with Superior Well Services, Inc. as its manager of business development and acquisitions.

Eastern Well Services is a growing oilfield services company that operates in many of the significant oil and natural gas producing regions in the United States and has recently expanded internationally. The company currently has four consulting engineers in Botswana, South Africa working on a project for Saber Energy. Eastern Well Services provides oil and natural gas companies with wireline, fracturing, cementing, logging and testing services. Eastern Well Services will benefit from Coffee's extensive expertise and experience from building integrated service companies from the ground up.

Greg Reed has joined Capital City Energy Group as Controller where he will direct operational accounting activities from the Canton, Ohio Operations Center. Reed spent 10 years as the accounting manager for Belden & Blake Corp., which was engaged in exploration, development, production, operation and acquisition of oil and natural gas properties in the Appalachian and Michigan basins. Prior to his service with Belden & Blake, Reed spent five years as a financial accountant for the Shell Oil Company in Houston, Texas. Reed is experienced in managing corporate exploration and production accounting teams, including joint interest billing, district and property accounting.

In addition to its three wholly owned subsidiaries, Capital City Energy Group (CETG) is a rapidly expanding energy company. It is an innovative leader in the design, management and sponsorship of retail and institutional direct participation energy programs and one of the few vertically integrated independent oil and natural gas companies operating today. CETG identifies and develops growth opportunities through drilling, operating, oil field service companies, acquisitions and fund management.

Visit Capital City Energy Group at www.capcityenergy.com

Safe Harbor Statement

Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of our officers and directors during presentations about our energy funds, along with Capital City Energy Group's filings with the Securities and Exchange Commission, including the Company's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-KSB, are 'forward-looking' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the 'Act'). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'could,' 'might,' 'believes,' 'seeks,' 'estimates' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by the Company's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Capital City Energy Group, its technology, economic and market factors and the industries in which the Company does business, among other things. These statements are not guarantees of future performance and Capital City Energy Group, Inc. undertakes no specific obligation or intention to update these statements after the date of this release.

CORPORATE HEADQUARTERS
Capital City Energy Group, Inc.
8351 North High Street
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Columbus, Ohio 43235
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