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Gondwana Updates Miura's Application for OCTPS Block

Source: www.gulfoilandgas.com 4/29/2014, Location: Africa

Gondwana Oil Corp. (Gondwana) would like to provide a further update concerning the application by the Company's 70% held subsidiary, Miura Petroleum Limited (Miura), and the press release from the Ministry of Energy and Petroleum of Ghana (the "Ministry") dated April 10, 2014 in connection with such application.

Gondwana is pleased to report that following constructive and cooperative discussions with the Ministry earlier this week, the Ministry has removed the Announcement from its website.

Gondwana continues to work cooperatively with Miura and the Ministry with respect to Miura's application, and anticipates further confirmations from the Ministry on a going forward basis regarding the overall status of such application. Further details will be announced as soon as possible.

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