LIG Assets Inc (LIGA)

[Chilichad]

DALLAS, TX -- (Marketwired) -- 03/04/15 -- LIG Assets, Inc. (OTC PINK: LIGA) today announced that the Company has elected to participate in a 10% industry position in a group of oil leases located in the Bakken formation in North Dakota. The leases comprise approximately 1,280 acres in McKenzie County, the most productive oil producing county in the state. Approximately 80% of the wells that are permitted in the Bakken formation are in McKenzie County.

The lease has the capacity for 7 wells in the Bakken and Three Forks Formations with the potential for approximately 22 other wells in multiple formations.

The participation in these leases expands the Company's oil lease interests into a new geographic area -- beyond just the southwest United States and into the northern Great Plains. The Company will continue to evaluate additional oil and natural gas opportunities in other geographic areas as they present themselves.

"We are pleased to add our position in these additional leases to our oil interests," said Kenneth C. Wiedrich, acting CEO of LIG Assets, Inc. "We believe these leases have significant production potential and look forward to the commencement of drilling as soon as possible."