updated 3/14/2011 11:24:35 AM ET 2011-03-14T15:24:35

HOUSTON, March 14, 2011 (GLOBE NEWSWIRE) -- EFL Overseas, Inc. (OTCBB:EFLO) ("EFLO" or "the Company"), announces the appointment of oil industry executive Keith Macdonald to its Board of Directors and executive team. Effective March 10, 2011, Mr. Macdonald joins the Company as its President, Chief Executive Officer, and Chairman.

"I am looking forward to the challenges my role at EFLO will demand," said Mr. Macdonald "It's an important time for the Company… If successful, we believe the acquisition of the Kotaneelee assets will create an excellent platform upon which to grow significant gas production, and build a strategic midstream operation in the Yukon and Canada."

Keith Macdonald has been President of Bamako Investment Management Ltd., a private holding and financial advisory company since 1994. He is currently Chairman and director of Cirrus Energy Corporation, an internationally focused oil and gas company, and Chairman and director of Drakkar Energy Ltd., a private in situ oil sands company. In addition, Mr. Macdonald currently serves on the board of Bellatrix Exploration Ltd., Rocky Mountain Dealerships Inc., Cordy Oilfield Services Inc., Madalena Ventures Inc., Surge Energy Inc., Mountainview Energy Ltd., Holloman Energy Corporation, WCSB Oil & Gas Royalty Income Funds and Stratabound Minerals Ltd. He was a director of Profound Energy Inc. and Breaker Energy Ltd which were sold in 2009, and prior thereto a director of several public and private oil and gas companies. Mr. Macdonald was founder, President and Director of New Cache Petroleums from 1987 until its amalgamation in 1994 and thereafter Chief Financial Officer and Director until its sale in 1999. He is a past Chairman and director of the Small Explorers and Producers of Canada and a former member of the Alberta Energy Utilities Advisory Board.

About EFL Overseas and the Kotaneelee

Beginning in 2010, the Company announced its pursuit of the acquisition of certain working interests in the Kotaneelee gas facility and its related proven and producing gas fields located in the Yukon Territory, Canada. The Company is currently a party to negotiations with multiple interest holders in those assets. There can be no assurance that EFLO will be successful in negotiating terms for the acquisition, or that if terms are offered, they will be considered acceptable by the parties involved.

Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which the Company has little or no control. The Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.

ON BEHALF OF THE BOARD OF DIRECTORS
EFL Overseas Inc.

CONTACT: Herbert T Schmidt
         EFL Overseas Inc.
         1 (818) 439-9769

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