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NEWS RELEASES

Information posted is accurate at the time of posting, but may be superseded by subsequent press releases.
December 22, 2010  ShaMaran Provides an Update on Atrush-1 Well, Kurdistan
November 23, 2010  ShaMaran Announces Third Quarter Highlights
October 21, 2010  ShaMaran Announces Marathon Oil Acquires an Interest in the Atrush Block
October 5, 2010  ShaMaran Announces the Commencement of Drilling on the Atrush Block in Kurdistan
September 24, 2010  ShaMaran Corporate Update
September 17, 2010  ShaMaran Closes $50 Million Private Placement
September 1, 2010  ShaMaran Announces $50 Million Private Placement
August 30, 2010  ShaMaran Acquires Interest in Major Oil Project in Kurdistan
August 12, 2010  ShaMaran Announces Amendment to Pulkhana and Arbat PSC
April 29, 2010  Shamaran 2009 Results and Operations Update
April 22, 2010  ShaMaran Files NI 51-101 Disclosure
January 4, 2010  ShaMaran Operations Update