Oyster Oil and Gas Shareholders Elect Bruce Mcnaught to Board of Directors

Suite 918-1030 West Georgia Street Vancouver, British Columbia Canada V6E 2Y3 Tel. No. (604) 628-5621 ♦ Fax No. (604) 662-7950

TSX-V Trading Symbol: OY

OYSTER OIL AND GAS SHAREHOLDERS ELECT BRUCE McNAUGHT TO BOARD OF DIRECTORS

Vancouver, British Columbia – June 12, 2013 – Oyster Oil and Gas Ltd. (the “Company”) is pleased to announce that at its annual general meeting held June 10, 2013, Bruce McNaught was elected by shareholders as a director of the Company, along with the election of incumbent directors Dorian Banks, Martin Bajic, Daniel MacNeil, Donald Sharpe and Michael Wood, the Company’s President and Chief Executive Officer.

Bruce McNaught is a chartered accountant and is the Managing Director of Chamberlain Heritage Services Ltd., a privately-held corporate and management services firm licensed and regulated by the Guernsey Financial Services Commission. He was previously Deputy Managing Director of Hansard Limited, a licensed Guernsey fiduciary services company providing professional trust and corporate services to clients worldwide. Mr. McNaught is also a director of the Company’s wholly-owned BVI subsidiary, Oyster Oil and Gas Limited.

All other matters put to shareholders at the annual general meeting held on June 10, 2013, were approved by shareholders, including the re-appointment of Dale Matheson Carr-Hilton LaBonte LLP, Chartered Accountants, as the Company’s auditor for the ensuing year, and annual approval as required by the policies of the TSX Venture Exchange of the Company’s rolling 10% stock option incentive plan.

About Oyster Oil and Gas Ltd.

Oyster Oil and Gas Ltd (“Oyster”) is a natural resource issuer that has oil & gas exploration interests in East Africa. Oyster holds four blocks onshore and offshore in the Republic of Djibouti and is the operator of the blocks covering some 3.5 million acres. Oyster is conducting an exploration program pursuant to a production sharing contract from the Government of Djibouti. Oyster also has an option to acquire up to a 60% interest in the Kalum Property located near Terrace, British Columbia, Canada, from Eagle Plains Resources Ltd. (TSX-V:EPL).

For further information please contact:

Martin Bajic, Chief Financial Officer Tel: (604) 628-5621 Fax: (604) 662-7950

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.