Alamo Energy Corp. Provides Corporate Update

Alamo Energy Corp. (OTCBB:ALME), an independent company focused on the exploration, development and production of onshore oil and gas reserves in the UK and U.S., is pleased to provide a Corporate Update with all 7 new wells from the drilling campaigns in Texas, Kentucky and West Virginia encountering hydrocarbons.

West Virginia -- Florence Valentine, Ritchie County
The Valentine #1 well is located on approximately 115 acres, which was originally drilled to approximately 5,000 feet in 1981 and produced from the Devonian Shale.

The well was completed targeting the upper shallow zones identified as the 5th Sand formation from 2810' - 2714', Gordon sand from 2642' - 2528', 30 Foot Sand from 2348' - 2320', Gantz sand from 2294' - 2226' & Berea sand from 2196 - 2190' ft.

The well has now been put on production and is producing significant amounts of oil and natural gas at a rate of approximately 100,000 cu.ft. of natural gas per day and oil at a rate as high as 44 bbls per day at 50/api gravity over approximately 20 days of production.

With these positive results, we believe that there is a possibility of drilling 3-4 new wells on the acreage at 20-25 acre spacing with potential results similar to the Valentine #1 well.

Texas -- Lozano Lease, Frio County
Located on 110 acres, our producing wells have continued to produce without downtime or requiring significant maintenance work. The company is currently reviewing options to drill new wells in order to boost production from the acreage.

Texas -- Jack D Hubbard Lease Development, Brown County
High gas pressure from the well has resulted in only a partial completion of the targeted zones. We have decided to put the well on limited production whilst we review options for completing the well.

Kentucky -- H.V Taylor Lease, Gradyville Oil Field, Adair County
Drilling of the five wells located on 55 acres was completed in June with the wells encountering hydrocarbons in the Granville, Murfreesboro and Knox formations. The wellbores have been videoed and subjected to high definition triple combo logging and sidewall core sampling.

We are in the process of preparing to complete the wells. In anticipation of production, we have prepared surface facilities such as the pumpjacks, flowlines and tank batteries.

United Kingdom -- Wessex/Weald Province Lease, Southern England
We are currently analyzing data from our seismic lines. The results will determine the route for the seismic shoot. Our aim is to shoot the seismic later this year.

Alamo's four UK onshore license blocks (TQ26, TQ36, TQ46, TQ56) lie directly north of the producing Palmer's Wood Oilfield operated by Star Energy, a subsidiary of Petronas. According to an independent geological report, the hydrocarbon resource potential for all four blocks is approximately 236 million barrels.

Philip Mann, Alamo's Chief Financial Officer, said, "We feel that we are inline with our growth targets. We believe our initial production rates from our new wells will significantly increase our projected monthly revenues and we intend to continue our aggressive growth strategy by acquiring more domestic acreage and drilling new wells to maximize the potential of our current acreage."

About Alamo Energy Corp.
Headquartered in London, England and with operational offices in Houston, Texas, Alamo Energy Corp. (OTCBB:ALME) is an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States. The company's UK exploration program is focused on four blocks spread over 400 square kilometers in an onshore oil and gas province in South East England. Alamo's U.S. operations are focused on the development of assets in Texas, Kentucky and West Virginia.

Forward-looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Source: GlobeNewswire/Yahoo Finance