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03/31/12 3:10 AM

#213091 RE: armyrules #213064

~FOGC .0002 Fortune Oil and Gas Alta Mining.Signs.Definitive.Agreement$$$$$$

HENDERSON, NEVADA, (MARKETWIRE via COMTEX) — Fortune Oil and Gas, Inc. (FOGC)
(PINK SHEETS: FOGC) ( http://www.fortuneoilandgascorp.com ) Alta Mining through Its Canadian
based Subsidiary Alta Mining Inc is pleased to report that it signed a Definitive Agreement to
Acquire additional mining claims and expand its presence in Slocan Region.

In summary, Fortune Oil and Gas Inc. has entered into a definitive agreement to acquire the
Additional Mining Claims in order to expand company’s assets in historically proven mining region
of Slocan. Management successfully negotiated favorable terms to reach a definitive agreement.

Contracted claims are comprised of more than 600 hectares of rich polymetalic formations
with 3 historically recorded showings:

http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW100

http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW101

http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW047

In addition, all of company claims are having comfortable proximity to past and present producers
and all other resources necessary for a prosperous mining operation.

In other updates the company under a separate release will shortly release its opinion and findings
on the Slocan mining region. The company reminds its readers that it operates two separate wholly
owned subsidiaries. FOGC main subsidiary Cressent Energy Inc. is an independent oil and gas
company actively engaged in the exploration, development and production of oil and gas in the
state of Texas. ALTA MINING INC. is a mining exploration company. ALTA explores for new
deposits of precious minerals on the early stage exploration properties that are believed to have
significant potential for finding large mineral deposits.