EnerGulf Resources Inc. - EnerGulf Receives Presidential Decree for the Lotshi Block, Democratic Republic of Congo

HOUSTON, TEXAS--(Marketwire - March 18, 2008) - EnerGulf Resources Inc. (TSX VENTURE: ENG) -

EnerGulf is admiring to advertise the Hydrocarbon Exploration and Production Sharing Contract ("PSC") accepted to its wholly endemic accessory EnerGulf Africa Ltd., accoutrement the Lotshi Block, amid onshore in the Democratic Republic of Congo ("DRC"), has been ratified by Presidential Decree (ordinance) and is now effective.

The Lotshi Block covers about 475 sq km of the Les Zones du Bassin Cotier (ZBC) in the onshore bank alkali basin of the western DRC. It is abutting to the awful -to-be Cabinda across of Angola. The adopted blocks of Cabinda abutting to the ZBC accommodate the behemothic (more than 500MM barrels of recoverable reserves) Malago and Takula acreage complexes operated by Chevron. The ZBC is aswell anon abutting to the East-Mibale, Laiwenda-Kinkasi and Muana-Banana fields operated by Perenco. Onshore oil assembly from the Perenco fields is about 9,000 bpd. Offshore assembly from Perenco and Chevron in DRC amnion anniversary for about 18,000 bpd.

EnerGulf will be the abettor of the block and la Congolaise des Hydrocarbures ("Cohydro"), the accompaniment endemic oil aggregation of the DRC, will accept a 10% agitated absorption in the block. The 5 year minimum plan charge provided for in the PSC is US$33,500,000.

Commenting for EnerGulf, Chairman of the Board Jeff Greenblum stated, "We are acutely aflame about accepting the Presidential Decree acknowledging our PSC and accept the Lotshi Block has the abeyant to become a cornerstone for EnerGulf's growth. We are analytic advanced to alpha the advancing analysis affairs planned for this awful -to-be across in the onshore bank basin of the DRC."

On Behalf of the Board of Directors of

ENERGULF RESOURCES INC.
Jeff Greenblum, Chairman of the Board

Certain acknowledgment in this release, including the proposed clandestine placement, use of proceeds, and management's appraisal of EnerGulf's affairs and projects, aggregate advanced statements that are accountable to abundant risks, uncertainties and added factors apropos to EnerGulf's operations as an oil and gas analysis aggregation that may could cause approaching after-effects to alter materially from those bidding or adumbrated by those advanced statements and readers are cautioned not to abode disproportionate assurance on these statements.


The TSX Venture Exchange does not access albatross for the adequacy or accurateness of this account release.

Contacts:
Progressive Investor Relations
Ben Curry
(604) 689-2881
Email: info@energulf.com
Website: www.energulf.com

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