IN THE MOOD BLUES

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**HUGE NEWS!** CAVU Resources, Inc. Acquires 40% Of CAVU Global Energy, LLC With Over $200 Million In Contributed Assets
TULSA, Okla., May 10, 2012 /PRNewswire via COMTEX/ -- CAVU Resources, Inc.
("CAVU"), which trades as OTC:CAVR.PK, announced today that it has closed on a
joint venture agreement and has acquired 40% of the newly formed company called
CAVU Global Energy, LLC, ("CAVU Global"). Investors have contributed a new
mobile oil refinery technology and oil and gas leases in three states with
reserve and technology values in excess of $200 million dollars. CAVU Global
brings funding commitments and in addition also has ongoing negotiations for up
to $25 million to fund the company's initial projects.

The new partnership has targeted specific opportunities in the oil and gas
business focusing primarily on the development of properties in Oklahoma, Texas
and Louisiana. CAVU Global also will begin the immediate placement of its
revolutionary technology that allows mobile mini refineries to be moved directly
on to production sites with as small as 100 barrels a day of production.

A pilot plant has already been built proving out the technology in Nevada. The
initial mobile refinery plant has been successful in both tar sand oil and
conventional oil conversions allowing fuel production in remote areas, opening
both civilian and government opportunities for the company. This will allow for
a lower cost fuel direct to the consumer for gas and diesel. By eliminating
transportation and marketing costs, this allows for high grade fuel to possibly
be sold at costs 20 to 30% lower than current retail gas stations.

CAVU Energy Systems, Inc. will continue as the Bonded operating company and run
all the oil and gas operations for the proposed multi state operations. CAVU
Energy will also handle the installation of the Mobile refineries on a worldwide
basis.

"We are extremely impressed with the capability of CAVU Resources, Inc. After 9
months of discussions, we feel CAVU is the right fit helping us to develop our
oil and gas leases in an expedited fashion," stated Chris Wilks, managing member
of CAVU Global Energy, LLC.

"We have closed this agreement and there is no dilution or further equity
issuance related to this Joint Venture. CAVU's 40% ownership now brings in
excess of a $200 million asset base to accelerate its growth, and also secures
the spinout and planned public offering of CAVU Energy Systems, Inc. The
reserves and projected income from the current projects inside CAVU Global
should allow CAVU to exceed all previous earnings projections, and future
earnings per share could easily be 2 to 3 times the current stock price. The
last year has been focused on eliminating debt, and creating opportunities for
the company with the final goal to have cash flow and earnings. The
infrastructure is now fully in place and we are finally there, after having
worked on closing this deal for the last 9 months, the projected cash flow from
this acquisition should eliminate the need to sell equity in the future to fund
operations, debt retirement and growth. The combined team of CAVU and CAVU
Global creates a financial and asset based relationship that should provide
multiple future benefits to our shareholders and to meet all these goals,"
stated William Robinson, CEO and President of CAVU Resources, Inc.

About CAVU Global Energy, LLC CAVU Global Energy was formed with the goal of
becoming a nationally known oil and gas company dedicated towards the
communities in which it operates by focusing on price competitive markets. This
family run company features a fully qualified membership which includes
entrepreneurs, former VP of a Global Government Retailer (AAFES), and a retired
chief engineer for ATK, a major NASA contractor. With a combined experience of
over 60 years, CAVU Global Energy is leading the way towards achieving its goals
in the oil and gas business. CAVU Global Energy has secured contracts for both
drilling and sales of output production. CAVU Global Energy in addition,
qualifies as a Minority owned company.

About CAVU Resources, Inc. During World War II, Navy fighter pilots would look
up at the sky and if it was a "CAVU" day then it meant ceiling and visibility
unlimited. The pilots believed they would have unobstructed flying allowing them
to see their targets quicker, identify the obstacles they needed to overcome,
giving them a greater chance of success. The founders of CAVU Resources, Inc.
chose the name CAVU because they believe that the company will be the embodiment
of its name.

CAVU was formed with the goal of becoming a recognized regional player in the
independent oil and natural gas industry by growing the company's oil and
natural gas reserves. CAVU is a natural resource company engaged in the
acquisition, exploration and development of oil and natural gas properties. The
Company operates in the upstream segment of the oil and gas industry with
planned activities including the drilling, completion and operation of oil and
gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company has
acquired leases and is currently exploring additional opportunities in oil and
gas leases.

CAVU's has a minority subsidiary interest in CAVU Energy Services, Inc., a
bonded Oil and Gas Operating Company manages the company's properties in
Oklahoma and plans to operate targeted leases in Kansas, Colorado, Montana and
Texas. CAVU plans to utilize its own operating equipment and with strategic
partners provide contract drilling, fracture stimulation and directional
drilling services to oil, natural gas exploration and production companies. CAVU
plans to expand operations not only in the traditional Oil and Gas business, but
also to invest in technology, waste disposal, and water reclamation, taking
advantage of the changing environment and in the world's need for new, green and
innovative resources. More information is available at the company's website at
http://www.cavu-resources.com.

Cautionary note: This report contains forward-looking statements, particularly
those regarding cash flow, capital expenditures and investment plans. Resource
estimates, unless specifically noted, are considered speculative. By their
nature, forward-looking statements involve risk and uncertainties because they
relate to events and depend on factors that will or may occur in the future.
Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to U.S. investors: The
U.S. Securities and Exchange Commission specifically prohibits the use of
certain terms, such as "reserves" unless such figures are based upon actual
production or formation tests and can be shown to be economically and legally
producible under existing economic and operating conditions.

Contacts: Specialty Situations Investor Relations Tel: [phone]



CAVR.PK

CAVU Resources, Inc. CAVU Global Energy, LLC

5147 South Harvard Ave, STE 138 Chris Wilks, Managing Partner

Tulsa, OK 74135 Edward Wilks- Managing Partner

Desai V. Robinson, Director of Public Relations Rodney Wilks- Lead Engineer

Email: [e-mail] Email: [e-mail]

Website: www.cavu-resources.com [e-mail]

Tel: [phone] Tel: [phone]