Buckingham Exploration Inc. Receives FINRA Approval of Reverse Stock Split

CANON CITY, CO, July 22 /PRNewswire-FirstCall/ - Buckingham Exploration Inc. (OTCBB: BUKX), is pleased to announce that it has received approval from the Financial Industry Regulatory Authority ("FINRA") clearing the reverse stock split previously approved by its stockholders and announced on July 13, 2010. According to FINRA's approval, the reverse stock split will take effect on Friday, July 23, 2010 ("Effective Date"). On the Effective Date, the Company's trading symbol will be changed from "BUKX" to "BUKXD" for approximately 20 business days after which it will revert to BUKX. Upon the effectiveness of the reverse stock split, there will be 112,817 shares of our common stock issued and outstanding.

All records of the Company's transfer agent, Island Stock Transfer will be updated to reflect the change. On the Effective Date, Island Stock Transfer will provide instructions to stockholders relating to the issuance of book-entry evidence of ownership giving effect to the reverse stock split and to the issuance of new stock certificates. Shares held as part of the DTC System will be automatically adjusted on the same basis.

About Buckingham Exploration Inc.:

Buckingham Exploration is an Exploration Stage Company whose principal business is the acquisition and exploration of mineral resources.

Forward-looking (safe harbour) statement:

Statements in this press release that relate to future results, strategies and events are based on the company's current expectations. All statements other than statements of historical fact are statements that may constitute forward-looking statements, and are subject to risk and uncertainties that could cause actual results to differ materially. See Buckingham's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements. Buckingham assumes no obligation to update the information in this press release.

SOURCE Buckingham Exploration Inc.