NEW YORK, NY--(Marketwired - Mar 26, 2015) - Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) has advised that given recent steps taken by Exall Energy Corporation's ("Exall") (TSX: EE) primary lender, Viking will no longer continue efforts to attempt to secure financing to facilitate the repayment of Exall's senior, secured indebtedness, as contemplated in the Letter of Intent executed by Viking and Exall on February 8th, 2015 and announced by Viking on February 9th, 2015.

Viking remains committed to expanding its Energy Division and evaluating and completing acquisitions and other opportunities in the Oil & Gas sector in both Canada and the U.S.

Viking is not an investment company, as defined by the Investment Company Act of 1940.

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