EnerGulf-Gianulis and Dhir Join Board

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 23, 2013) - EnerGulf Resources Inc. (TSX VENTURE:ENG)(EKS.F) ("EnerGulf" or "the Company") At the Company's Annual General Meeting held on August 15, 2013 Peter Gianulis and Anu Dhir were elected to the Board of Directors. Jeff Greenblum and Clive Brookes were re-elected as Directors.

Peter Gianulis is the President and Managing Director of Carrelton Asset Management, and was formerly a Partner of Saranac Capital Management, a NYC-based hedge fund. Carrelton Asset Management is an asset management and private equity firm specializing in small and micro-cap companies with a particular emphasis on the natural resource sector. Mr. Gianulis graduated with an MBA from Cornell University and a BA from the University of California at San Diego. Mr. Gianulis also acts as a director of Columbus Gold Corporation. Carrelton Asset Management is a significant shareholder of EnerGulf and Columbus Gold. 

Anu Dhir is the Managing Director of Miniqs Limited, a private group primarily interested in developing resource projects and was formerly Vice President, Corporate Development and Company Secretary at Katanga Mining Limited, a TSX-listed company operating a large scale copper-cobalt project in the Democratic Republic of Congo. Ms. Dhir is the lead non-executive director of Atlatsa Resources Corp, a TSX listed platinum group metals company in South Africa and Frontier Rare Earths Limited, a TSX listed company that is focused on rare earth elements in Southern Africa. Ms. Dhir holds a Bachelor of Arts degree (BA) from the University of Toronto and a law degree (Juris Doctor) from Quinnipiac University, Connecticut, United States. 

EnerGulf thanks Tom Fetters and Eliecer Palacios who did not stand for re-election for their service as directors.

On Behalf of the Board of Directors of ENERGULF RESOURCES INC.

Jeffrey L. Greenblum, Chairman & CEO

Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to EnerGulf's operations as an oil and gas exploration company that may cause future results to differ materially from those expressed or implied by those forward-looking statements and readers are cautioned not to place undue reliance on these statements. EnerGulf disclaims any intentions or obligations to update or revise any forward looking statements whether as a result of new information, future events, or otherwise.

Contact:
Andrew Mugridge
(604) 559-5573

Ben Curry
(604) 559-5573
info@energulf.com
www.energulf.com

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