Mooncor Announces Management and Board Change

Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) announced today that Nick
Tsimidis has resigned as interim Chief Executive Officer and as a director of
Mooncor, after more than eight years of service, to focus on other
responsibilities. The board would like to thank Nick for his loyal and
invaluable contributions and efforts to Mooncor since 2004 and wish him all the
best in his other ventures.


The directors of Mooncor have appointed Allen Lone to fill the vacancy on the
board of directors. On an interim basis, Mr. Lone has also accepted the board's
request that he serve as interim Chief Executive Officer of Mooncor while the
board works towards finding a permanent solution.


Allen Lone is currently the President & Chief Executive Officer and a director
of Augusta Industries Inc. (TSX VENTURE:AAO). Mr. Lone has served as director of
Ammonite Energy and has served on its Audit, Compensation and Reserve and
Environmental Committees. Mr. Lone was the Chief Executive Officer, a director
and the promoter of Ketchum Capital Corporation until completion of its
Qualifying Transaction on December 12, 2008. Since 1991, Mr. Lone has been the
President and Chief Executive Officer of Marcon International Inc., an
industrial supply contractor serving the oil and gas industry. Mr. Lone holds an
MBA from Lindenwood University, St. Louis, Missouri, and a Bachelor of Science
in Business Administration and B.A General Studies from South East Missouri
State University.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mooncor Oil & Gas Corp.
Allen Lone
Chief Executive Officer
[e-mail]