Texas Oil and Minerals Takes Steps to Move up to a More Senior Exchange

HOUSTON, May 4, 2011 /PRNewswire/ -- Texas Oil and Minerals, Inc. (OTC.PK: BNPD) announced today it has identified the audit firm and has scheduled a meeting with legal counsel to explore what steps are necessary for Texas Oil and Minerals to become fully reporting and to begin the move from the Pink Sheets to the OTC Bulletin Board, a more senior exchange.  www.TexasOilandMinerals.com    http://www.stocklogiq.com/texasoil/main.html

"I am excited that we are taking steps to bring Texas Oil and Minerals to the next level. We have been discussing this possibility for some time now and we believe we are in a position to move from just talking about it, to taking the steps to make it happen. We have signed the necessary paperwork with a prominent securities lawyer to aid us in this process and if the results of this meeting are positive, we will move forward in an expedited fashion. From start to finish this move may take a while to complete, but I think our existing shareholders and potential new ones will see that we are real and that they can expect great things from Texas Oil and Minerals," stated Tom Gouger, CEO, Texas Oil and Minerals, Inc.

About Texas Oil and Minerals (BNPD)

Texas Oil and Minerals creates value by acquiring and exploiting reserves in fields specifically targeted for oil and high-rate return North American clean burning natural gas. We are involved in prospects that range in value from $1,000,000 to $5,000,000, which include seismic and land projects, drilling prospects and the purchase of producing properties. Our team is comprised of highly skilled industry professionals who leverage their knowledge toward the success of our business. With more than three generations of collective experience, this team of professional and talented production personnel can provide innovative exploration and development solutions focused on creating exceptional returns in oil and gas through acquisition and exploration.

Safe Harbor Statement:

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements

CEO Connects
Alex Livak, 917-239-6800
[email protected]
www.ceoconnects.com

SOURCE Texas Oil and Minerals, Inc.