Samurai Energy Corp. Announces 2:1 Stock Dividend

Jul 19, 2006, 01:00 ET from Samurai Energy Corp.

    HOUSTON, July 19 /PRNewswire-FirstCall/ -- Samurai Energy Corp., (OTC
 Pink Sheets:   SMRE) announced today that its board of directors authorized a
 stock dividend to all of its shareholders. Each shareholder will receive
 two additional shares of common stock for every one share of common stock
 they hold as of July 24, 2006. The record date for the dividend is Monday
 July 24, 2006 with the dividends being paid one week later on Monday July
 31, 2006. CEO of Samurai Energy Corp., Sam Skipper, stated, "This dividend
 offered to our shareholders will give a more accurate reflection of our
 company's true capitalization structure."
     About Samurai Energy Corp.
     Samurai Energy Corp. is an independent oil and gas exploration and
 production company headquartered in Houston, Texas. The Company is engaged
 in the acquisition, development and production of oil and natural gas
 reserves. The company's primary focus is along the Texas Gulf Coast region.
     Forward-Looking Statements
     This press release contains forward-looking statements within the
 meaning of the Private Securities Litigation Reform Act of 1995 (the
 "Act"). In particular, when used in the preceding discussion, the words
 "believes," "expects," "intends," "will," "anticipated," or "may," and
 similar conditional expressions are intended to identify forward-looking
 statements within the meaning of the Act, and are subject to the safe
 harbor created by the Act. Except for historical information, all of the
 statements, expectations and assumptions contained in the foregoing are
 forward looking statements that involve a number of risks and
 uncertainties. The reserve data included herein represents only estimates.
 Reserve engineering is a subjective process of estimating underground
 accumulations of oil and natural gas that cannot be measured in an exact
 manner. As a result, estimates of different engineers often vary. The
 estimates of reserves, future cash flows and present value are based on
 various assumptions, including those prescribed by the SEC relating to oil
 and natural gas prices, and are inherently imprecise. In addition,
 important factors that could cause actual results to differ materially
 include the following: business conditions and the amount of growth in the
 Company's industry and general economy; competitive factors; ability to
 attract and retain personnel; the price of the Company's stock; and the
 risk factors set forth from time to time in the Company's SEC reports.
 Samurai Energy Corp. (OTC Pink Sheets:   SMRE) takes no obligation to update
 or correct forward- looking statements, and also takes no obligation to
 update or correct information prepared by third parties that is not paid
 for by the Company.

SOURCE Samurai Energy Corp.