Morumbi Oil & Gas Inc. Announces Name Change to Morumbi Resources Inc.

Morumbi Oil & Gas Inc. (TSX VENTURE:MOC) ("Morumbi" or the "Company") is pleased
to announce that the TSX Venture Exchange has approved the Company's application
to change the name of the Company to "Morumbi Resources Inc.", as approved by
the shareholders of the Company at the annual and special meeting of the
shareholders on January 31, 2012. Effective today, March 27th, the Company's
name will be "Morumbi Resources Inc." and the Company's shares will continue to
trade under the stock symbol "MOC". The Company's new CUSIP number will be
61945F106.


The Company's SEDAR profile at www.sedar.com has been amended to reflect the
name change and copies of the Certificate and Articles of Amendment have been
filed under the Company's SEDAR profile.


About Morumbi

Morumbi Resources Inc. is a public company with a light oil property in
northwest Alberta as well as mineral exploration licenses in Papua New Guinea.
The Company is also pursuing attractive mineral and oil and gas licenses with
several Landowner owned companies on the Autonomous Island of Bougainville. The
Company trades on the TSX Venture Exchange under the symbol "MOC". For more
information about Morumbi and the Company's current properties and plans visit
our website at www.morumbi.ca.