Mogul Energy International Retains Equity Performance Group for Comprehensive Investor Relations Campaign

Seattle, WA July 26, 2007-Mogul Energy International, Inc. (OTCBB: MGUY; FSE: BKX), an oil and gas exploration company with working interests in the Gulf of Suez, Egypt and Saskatchewan, Canada, today announced that the Company has retained the services of Boston-based Equity Performance Group. Equity Performance Group will provide the Company with full-service investor relations and business communications strategies tailored to increase the Company’s marketability and exposure in the financial community. An online investor page featuring a one page Investment Profile that will be frequently updated to include the latest news, media clips and corporate marketing material is now available at http://www.equityperformancegroup.com/clients_mguy.php.

The Investment Profile consists of a comprehensive corporate summary, and contains the Company’s business model and an industry overview. The report also includes investment catalysts and recent news. The following is an excerpt from the Investment Profile: “Mogul Energy has a 20% working interest in the East Wadi Araba (EWA) Concession located in the Gulf of Suez, Egypt and holds a 100% interest in approximately 9,300 acres of leased properties located in South East Saskatchewan, Canada. With diverse exploration interests running in tandem, Mogul Energy has strategically positioned itself in two of the most important oil rich regions in the world. Mogul Energy's strategy is to expand through the development of its current properties and, if warranted, the acquisition and development of similar properties that have relatively low entry costs combined with ready access to infrastructure, and local and international export markets.”

About Mogul Energy International:

Mogul Energy International, Inc. is an oil and gas exploration company with headquarters in Seattle, Washington, and an exploration office in Cairo, Egypt. The Company recently announced the initiation of its drilling program in the Gulf of Suez. The deviated EWA 4X well, currently being drilled from an onshore surface location, is testing an offshore structure, targeting light oil in the Raha and Nubia formations.
Mogul Energy intends to develop its portfolio of oil and gas properties in the Gulf of Suez, Egypt, and South East Saskatchewan, Canada. Mogul Energy has a 20% working interest in the East Wadi Araba Concession located in the Gulf of Suez, Egypt, and holds a 100% interest in approximately 9,300 acres of leased properties located in South East Saskatchewan, Canada. Mogul Energy trades on the OTC BB under the ticker symbol MGUY, and on the Frankfurt Stock Exchange under the stock symbol BKX.

Investor Relations

Bethany Tomich
Equity Performance Group
617-723-1465
Bethany@equityperfgp.com
www.equityperformancegroup.com

Company Contact:

Naeem Tyab, President
Mogul Energy
206-357-4220
naeem@mogulenergy.com
www.mogulenergy.com

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