‘Campaign to Expand Financial Operations and Investor Awareness’

Dublin OH, May 12, 2015 — Cardinal Energy Group, Inc. (OTCQB: CEGX) is pleased to announce it has engaged JP Fortune Group (JPF), one of North America’s premier small-cap advisory firms. JP Fortune Group will assist the Company in capital market positioning, financial operations management, M&A opportunities, and strategic investor communications. JPF will implement a comprehensive equity growth strategy and execute an extensive investor relations campaign. The Company’s goal is to exploit opportunities in the financial marketplace while increasing market value for its shareholders’ equity.

“We are excited to work with JP Fortune Group to expand our financial operations while increasing shareholder opportunities. We intend to strategically enhance our shareholder communications, as we believe the investor community will better appreciate the value we’re creating in the marketplace,” said Timothy Crawford, Chairman and Chief Executive Officer of CEGX.

“We have interviewed the management of CEGX over the past weeks. And we have watched their performance. Cardinal has a superior management team that has developed a proven growth model that is focused on producing shallow oil in Texas, which allows the Company to be profitable due to its economical lifting fees. Consequently we are highly confident CEGX will become a significant player in the financial markets even during this industry downturn,” stated Larry Fortune, Managing Partner of JP Fortune Group.