EnerGulf Resources Inc.


EnerGulf Corporate Update; Cancelled Private Placement, 1711 & Lotshi Block Updates

VANCOUVER, BC (July 27, 2012), EnerGulf Resources Inc. (TSX-V: ENG; FSE:EKS) (“EnerGulf” or the “Company”) announces that due to market conditions the Company will not proceed with the private placement announced in the press release dated May 29, 2012. The Company had announced a brokered financing to raise up to CAD $18 million, on a best efforts basis

Corporate Update

The Company continues with its efforts to develop its African assets. Over the past twelve months the Company has:

Block 1711

Lotshi Block

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

‘Jeff Greenblum’
Jeffrey L. Greenblum, Chairman & CEO

- EnerGulf Resources Inc.