Ann: 88E Secures Substantial Increase in Alaska Land Holding, page-3

Highlights  Accumulate Energy Alaska, Inc. (“Accumulate”, a 100% subsidiary of 88E) and JV Partner, Burgundy Xploration LLC (“Burgundy”) declared high bidder on ~142,560 acres on the Central North Slope (Accumulate 77.5% working interest)  Burgundy declared high bidder on additional 279,360 acres on the Central North Slope (Accumulate retains back in right for 30% of these additional acres at cost)  Net land position for Accumulate (assuming all rights taken up) now over 400,000 acres on the Central North Slope (Joint Venture gross position over 690,000 acres)

Laters..