Mogul Energy International, Inc. announces the appointment of Mr. Henry Kloepper as a Director

Seattle, WA – February 24, 2010 -- Mogul Energy International, Inc. (MGUY: OTCBB; FSE:BKX) announced it has appointed as a director, Mr. Henry J. Kloepper effective February 22, 2010. Mr. Kloepper’s appointment fills the vacancy created by the earlier resignation of Mr. Ernie Pratt on October 5, 2009. Mr. Kloepper has been involved in investment banking and structured finance over a thirty year career. He brings a well-rounded knowledge of the financial markets and strategic growth and investments. In the past Mr. Kloepper has worked in senior executive positions with J.P Morgan, Citibank Canada, North American Trust (now Laurentian Bank) and Security Pacific Bank (now Bank of America) in Canada, the US and in Europe. Mr. Kloepper is a director and consultant to companies in the resource sector and airline industry. His responsibilities have varied from being an audit committee member to being the president & CEO of a company in the food and beverage industry.

Information concerning Mogul Energy International:

Mogul Energy is an oil and gas exploration company with headquarters in Seattle, Washington. The common shares of Mogul Energy are quoted on the OTC Bulletin Board (OTCBB) system under the symbol "MGUY", and the Frankfurt Stock Exchange ("FSE") under the symbol "BKK". Further information concerning Mogul Energy can be found in the Company’s filings with the U.S. Securities and Exchange Commission (http://www.sec.gov).

View Information on Forward Looking Statements >>