Viking Investments Group, Inc. Appoints John Squarek as Vice President, Energy Division

NEW YORK, NY -- (Marketwired) -- 02/12/15 -- Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) is pleased to announce the appointment of Mr. John Squarek, B. Sc., P. Eng., MBA, as Vice President of Viking's Energy Division, effective February 12th, 2015.

Mr. Squarek, a Petroleum Engineer, has 49 years' experience in the oil, gas and mineral industry in Canada and internationally, including Australia, the United Kingdom and Africa. His principal areas of expertise lie in asset valuation, production operations, project management and corporate governance.

Since 2012, Mr. Squarek has served as President, CEO and Director of Tanager Energy Inc., a publicly listed oil and gas exploration and development company (symbol TAN) on the TSX.V. Prior to accepting the role with TAN he was the President and CEO of Oasis Energy Inc. and Manager of Alberta Operations for the Canadian Association of Petroleum Producers. Mr. Squarek is also the past President, CEO and Director of Bellevue Resource Inc. and First Star Energy Ltd., both TSX listed companies, and is the Past Chairman of the Small Explorers and Producers Association of Canada.

Mr. Squarek is a Life Member of the Association of Professional Engineers and Geoscientists of Alberta and a Member of the Legion of Honor of the Society of Petroleum Engineers. He has a B. Sc. in Petroleum Engineering from the University of Oklahoma and a Master's Degree in Business Administration from Adelaide University in Adelaide, South Australia.

"We are extremely pleased to have John as part of our leadership team. His extensive experience and broad knowledge of the global oil & gas markets will be valuable as we execute our acquisition strategy throughout North America," said James Doris, President & C.E.O. of Viking.

Viking is not an investment company, as defined by the Investment Company Act of 1940.

Safe Harbor Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.

For additional information please contact:

James A. Doris
President and C.E.O.
Viking Investments Group, Inc.
1330 Avenue of the Americas, Suite 23A
New York, NY 10019

Source: Viking Investments Group, Inc.