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Morgan Creek Energy Announces Reverse Stock Split and Issuance of New Trading Symbol and CUSIP Number
Tuesday April 22, 9:15 am ET


DALLAS, April 22 /PRNewswire-FirstCall/ -- In accordance with documentation filed with the NASDAQ Stock Market, Morgan Creek Energy Corp., a Nevada corporation (the "Company") effectuated a reverse stock split (the "Reverse Stock Split") of its shares of common stock as of open of market Tuesday, April 22, 2008. The ratio of the distribution for the Reverse Stock Split is one share for three shares (1:3) issued and outstanding.
ADVERTISEMENT


Each shareholder of the Company holding three shares of common stock will hold in lieu thereof hold of record one share of common stock on the Company. This will be reflected on the records of the Company without any action on the part of the shareholders of the Company.

The total number of shares of common stock issued and outstanding pre- Reverse Stock Split is 41,976,589. The total number of shares of common stock issued and outstanding post-Reverse Stock Split will be 13,992,196.

In accordance with the Reverse Stock Split, the Company's trading symbol and CUSIP number have changed to:

Trading Symbol: MCKE

CUSIP No.: 61732R 206

About Morgan Creek Energy Corp.: Morgan Creek Energy Corp. is a natural resource exploration company engaged in the acquisition and development of strategic oil and natural gas properties. For further information see: http://www.morgancreekenergy.com