Majestic Oil & Gas Inc. announces that it has entered into a letter of intent to acquire a Bakken Acquisitions and Investment Corp., which holds the rights to an exclusive global license for a patented remediation product. Majestic is also announced the appointment of Phillip Malkemes as its President and member of the Board of Directors. Mr. Malkemes has been a successful business development manager for well over twenty years and is looking forward to bringing Majestic into a new era involving hydrocarbon contaminated groundwater remediation processes. Mr. Malkemes has negotiated a letter of intent for the acquisition by the Company through a share exchange agreement of Bakken Acquisitions and Investment Corp., a private Nevada corporation, resulting in Bakken becoming a wholly owned subsidiary of the Company. Bakken holds the right, title and interest in and to an exclusive global license regarding a patented remediation product to cleanup hydrocarbon-contaminated groundwater.