Caspian Energy announces election of Directors and provides listing update

Caspian Energy Inc. (TSX:CEK) announce that the nominees listed in the Corporation's management information circular dated May 14, 2013 (the "Circular") for the 2013 Annual and Special Meeting of Shareholders (the "Meeting") were elected as directors of Caspian. Detailed results of the vote for the election of directors held at the Meeting on July 2 in Calgary are set out below:

Nominee	Votes For	% For	Votes Withheld	% Withheld
William A.G. Ramsay	69,232,684	95.69%	3,118,741	4.31%
Gordon D. Harris	68,812,442	95.11%	3,538,983	4.89%
Michael B.A. Nobbs	69,234,525	95.69%	3,116,900	4.31%
Adil Mukhamedzhanov	68,812,101	95.11%	3,539,324	4.89%
Maurizio Barnaba	69,236,184	95.69%	3,115,241	4.31%
Brian D. Korney	68,812,442	95.11%	3,538,983	4.89%

In addition, the resolutions with respect to (i) the appointment of MNP LLP as the auditors of Caspian, (ii) the approval of a new general by-law and the repeal of Caspian's existing by-laws, and (iii) the approval of an ordinary resolution on a disinterested basis, excluding the votes of Roger Nutt and his associates and affiliates, relating to the possible issuance of common shares to Roger Nutt pursuant to a share entitlement agreement with Caspian; all as further described the Circular, were passed at the Meeting. For additional details on the voting results with respect to these matters please refer to Caspian's Report of Voting Results which is filed on SEDAR at www.sedar.com.

Caspian also announces that it has decided not to appeal the delisting decision of the Toronto Stock Exchange ("TSX"). Caspian is seeking a listing on NEX as a listing alternative until it is able to meet the requirements of the TSX or the TSX Venture Exchange. In order to list or trade the common shares of Caspian on any exchange, the cease trade order issued by the Alberta Securities Commission will need to be lifted.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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