Celtic Exploration L : Celtic to Hold Conference Call on Second Quarter 2012 Results on Friday, August 10, 2012

PRESS RELEASE

(Stock Symbol "CLT" - TSX) August 7, 2012
Calgary, Alberta

CELTIC TO HOLD CONFERENCE CALL ON SECOND QUARTER 2012 RESULTS ON FRIDAY, AUGUST 10, 2012

Celtic Exploration Ltd. ("Celtic" or the "Company") will release its second quarter 2012 results on Friday, August 10, 2012. The news release will provide second quarter operating and financial information.
The Company will hold a conference call for the investment community the same day at
1:00 p.m. MT (3:00 p.m. ET) to discuss the results. To participate, please dial 866-226-
1792 (toll-free in North America) or 416-340-2216 approximately 10 minutes prior to the conference call and request the "Celtic Second Quarter 2012 Results" call.

For further information, please contact:

CELTIC EXPLORATION LTD., Suite 600, 321 - 6th Avenue SW, Calgary, Alberta, Canada T2P 3H3 David J. Wilson, President and Chief Executive Officer [phone], or

Sadiq H. Lalani, Vice President, Finance and Chief Financial Officer [phone]. Or visit our website site at www.celticex.com.