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BIG NEWS - AOGN presenting to Private Equity

MINNEAPOLIS, March 15, 2012 /PRNewswire/ --Avalon Oil and Gas, Inc. (Avalon) (OTCBB: AOGN.PK - News) announced it has delivered a company presentation last week to a business forum of the German private investment group, UFM e.V.(www.ufm-ev.de). This investor group is based in Starnberg, Germany. UFM e.V. has a successful history of raising debt and equity capital from its investor network for financing innovative growth companies.

UFM e.V.'s Director, Wilhelm v. Herder-Hebenbrock said, "UFM was pleased to showcase Avalon's offering, as it is aligned with our target investment criteria of compelling value proposition and growth potential." He added "Our investors and their investment networks actively seek emerging growth company opportunities where our investment enables small companies to achieve full market success." UFM e.V. is a registered partner of KfW Banks Group and is able to organize financing rounds from the High Tech Founder Fund, Bayern Capital and other public financing institutions, in cooperation with their lead investors.

Avalon Board Member, René Häusler, introduced Avalon into the UFM e.V. forum. Mr. Häusler said "An investment from UFM's network will bring added value, given their strong partnerships with established private-equity and VC companies in Germany and abroad." He commented "With oil prices at recent high levels, European investors are interested in new energy investments and growth opportunities to take advantage of the dynamic oil and gas market." He continued "Avalon represents a fresh approach to developing proven, undervalued oil and gas investment assets."

Avalon's CEO, Kent Rodriguez added, "By engaging new sources of investment capital from the UFM network, Avalon will be positioned to acquire additional oil and gas producing properties to add to our existing portfolio." He added, "The experience and reach of the UFM network represent tremendous opportunity for our company's future growth."