Fortune Oil & Gas Inc. (FOGC) Control Interest Change

TORONTO - July 7, 2014 - PRLog -- The Company has been sold (via control block of stock) to a group represented by a security lawyer and an investment banker.

New management will be appointed. The Company is looking to change directions and increase shareholder value.

The Company will provide further updates as they become available.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the

Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking

statements are based on the current plans and expectations of management and are subject to a number

of uncertainties and risks that could significantly affect the company's current plans and expectations, as

well as future results of operations and financial condition. A more extensive listing of risks and factors

that may affect the company's business prospects and cause actual results to differ materially from those

described in the forward-looking statements can be found in the reports and other documents filed by

the company with the Securities and Exchange Commission. The company undertakes no obligation to

publicly update or revise any forward-looking statements, whether as a result of new information, future

events or otherwise.