Leucrotta Exploration Ltd. announced the successful completion of its previously announced plan of arrangement involving Leucrotta, Long Run Exploration Ltd. and Crocotta Energy Inc. under the provisions of the Business Corporations Act. Pursuant to the Arrangement, Long Run has acquired all of the issued and outstanding common shares of Crocotta. Crocotta shareholders received, for each Crocotta Share held, consideration consisting of: (a) 0.415 of a Long Run common share; (b) one common share of Leucrotta; and (c) 0.2 arrangement warrants of Leucrotta, with each arrangement warrant entitling the holder to purchase one Leucrotta common share at a price of $1.70 for a period of 30 days following closing of the Arrangement.

The management team of Leucrotta will be led by Robert Zakresky as President and Chief Executive Officer, Nolan Chicoine as Vice President, Finance and Chief Financial Officer, Terry Trudeau as Vice President, Operations and Chief Operating Officer, Helmut Eckert as Vice President, Land, Richard Sereda as Senior Vice President, Exploration and Peter Cochrane as Vice President, Engineering. The Management Team was fundamental to Crocotta's growth since inception by leading Crocotta's efforts in the exploitation and acquisition of its high quality oil and gas assets and will continue to be a key component of Leucrotta's future success. The Board of Directors of Leucrotta consists of Messrs.

Robert Zakresky, Donald Cowie, Daryl Gilbert, Brian Krausert, Tom Medvedic and Kelvin Johnston.