ENG Energulf Resources (delisted)

EnerGulf Resources Inc. (TSX VENTURE:ENG)(FRANKFURT:EKS) ("the Company") is
pleased to announce a Strategic Exploration Agreement between Gazania 148
Investments (Pty) Ltd ("Gazania") and EnerGulf Namibia Ltd ("EnerGulf"), a
wholly owned subsidiary of the Company, for Offshore Block 1711, Republic of
Namibia ("Block 1711"). The Agreement includes a negotiated Joint Operating
Agreement ("JOA") for Block 1711 which has been submitted to the Ministry of
Mines and Energy and NAMCOR (National Oil Company of Namibia) for review and
approval. The Petroleum Agreement grants EnerGulf a 15% working interest,
Gazania a 75% working interest, and NAMCOR a 10% carried working interest to
production.


The Agreement strengthens the relationship with Gazania, optimizes the
exploration potential of Block 1711, and ensures cost containment for EnerGulf.
The Agreement provides:




--  Carried interest to EnerGulf until Gazania completes its work program
    obligations under the Agreement (includes all 3D offshore seismic,
    processing, interpretation, and other operating and exploration
    expenses) and a drill site is approved by the Technical Advisory
    Committee comprised of the parties and government ("TAC") 
--  No direct costs to EnerGulf until the first day of the month after
    approval of a drill site by the TAC (18-24 months) 
--  Defined course of exploration operations to meet all industry standards
    in the development of two independent geological and geophysical
    constructs for Block 1711 
--  Meaningful input for EnerGulf in the development of the work program and
    selection of an optimal drill site 
--  Joint marketing for the mutual benefit of all parties 
--  Separate marketing after all joint marketing has been completed



John D. Elmore, President of EnerGulf, states "The Strategic Exploration
Agreement and Operating Agreement provide no direct costs to EnerGulf for a high
quality geological and geophysical program for Block 1711 that is expected to
cost between $25 and $40 million. The Agreement also provides for enhanced
marketing opportunities under its joint marketing terms. EnerGulf is excited to
work with Gazania and expeditiously move the Block 1711 program forward and to
its successful development, especially as Repsol and its partners are currently
drilling a well on Block 1911 offshore Namibia, two blocks due south of Block
1711."


Block 1711 is an 8,891 square kilometer offshore petroleum concession on the
northern border of the Republic of Namibia. Netherland, Sewell & Associates
(independent oil and natural gas reservoir engineers) estimates mean gross
prospective oil resources for Block 1711 of 3.17 billion barrels of oil. The
full 53-101 report is available on SEDAR (www.sedar.com) and the EnerGulf
website (www.energulf.com).


About EnerGulf

EnerGulf Resources Inc. is a Toronto, Canada based oil and gas exploration
company trading on the Toronto TSX Venture Exchange (TSX VENTURE:ENG) and the
Frankfurt Exchange (EKS). EnerGulf holds a 90% working interest in the Lotshi
Block, Onshore Democratic Republic of Congo, which covers approximately 507
square kilometers, and Estimated Mean Gross Prospective Reserves of 313 Million
Barrels of Oil Resources. EnerGulf holds a 15% working interest in Block 1711,
Offshore Republic of Namibia, which covers approximately 8,891 square
kilometers, and Estimated Mean Gross Prospective Resources of 3.166 Billion
Barrels of Oil Resources. These Reports are available on the EnerGulf website
(www.energulf.com) and on SEDAR (www.sedar.com).


On Behalf of the Board of Directors of 

ENERGULF RESOURCES INC.

John D. Elmore, Director & CEO 

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.


Certain disclosure in this release constitute forward-looking statements that
are subject to numerous risks, uncertainties and other factors relating to
EnerGulf's operations as an oil and gas exploration company that may cause
future results to differ materially from those expressed or implied by those
forward-looking statements and readers are cautioned not to place undue reliance
on these statements. EnerGulf disclaims any intentions or obligations to update
or revise any forward looking statements whether as a result of new information,
future events, or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Contact:
Jonathan Buick
The Buick Group
jbuick@buickgroup.com
416-915-0915

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