Mr. Jeffrey Allison reports

KINGSLAND ENERGY CORP. (NEX: KLE.H) ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Kingsland Energy Corp. has closed its previously announced private placement, by the issuance of 1,202,712 common shares at a price of 5.25 cents per common share, for the gross proceeds of $63,142.38. The private placement was a non-brokered private placement and no finders' fees are payable. After issuance of these common shares, Kingsland now has 7,784,587 common shares issued and outstanding.

All securities issued or issuable under the private placement will be subject to a statutory hold period lasting four months and one day following the closing of the private placement.

Proceeds of the private placement will be used for business administration and development.