Morumbi Oil & Gas Inc. (TSX VENTURE:MOC) ("Morumbi" or the "Company") announced today that it is to begin an exploration program at its Popondetta property in Papua New Guinea. The Popondetta property consisting of 341 sq km has tremendous exploration potential and is in the highly prospective Owen Stanley Range of Papua New Guinea. The Owen Stanley Range is host to a number of world class gold-copper porphyry and high level epithermal gold deposits. The property is almost totally surrounded by Goldminex Resources Limited which has recently completed an option agreement with Vale to advance their property. The same structures rock types and alteration has been found on the Popondetta property as well and will be the focus and attention of the exploration program.

A team is being assembled to begin working immediately on the property. The initial exploration program includes geological mapping, prospecting, soil and lithogeochemical sampling and ground geophysical surveys (magnetic and IP).

Morumbi is also proud to announce that Mr. Robert Campbell, M.SC., P.Geo., has agreed to join the Board of Directors of Morumbi. Mr. Campbell is a seasoned geologist with over 30 years experience in mining and exploration in the America's and Austral-Asia. Mr. Campbell is currently the senior geological executive at Largo Resources and has also worked at Lac Minerals and Noranda.

Mr. Robert Campbell, a Director of the Company, is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical disclosure in this press release.

About Morumbi

Morumbi Oil & Gas Inc. is a public company with attractive near-term light oil exploitation opportunities in northwest Alberta, and, through its recent acquisition of Rockwell, it is actively undertaking programs to develop existing assets and conducting activities to acquire additional high impact Oil/Gas and Mineral assets. The Company trades on the TSX Venture Exchange under the symbol "MOC". For more information about Morumbi and the Company's McKinley Property and plans visit our website at www.morumbi.ca.

Disclaimer

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include, without limitation, statements regarding the company's plan of business operations (including plans for developing assets) and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, commodity prices, risks inherent in the oil & gas industry, financing risks, labour risks, title disputes, regulatory risks, currency fluctuations, competition, unexpected decline rates in wells, changes in taxation or royalty regimes and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward- looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward looking information, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Morumbi Oil & Gas Inc. Mark Brennan Chief Executive Officer 416-364-2266 or 1-(877) 954-6327mbrennan@morumbi.ca