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Cubic Energy, Inc. Adds Two Additional Members To Its Board Of Directors

Calvin Wallen III, Cubic's President and CEO states, "Paul Ferretti and David Brown are both an extremely advantageous addition to our board with their wealth of relevant experience and knowledge. The expansion of the Company's already proven and capable board represents a significant development for Cubic and its shareholders. The board, management and I welcome them to the work at hand and our future growth."

Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Company's oil and gas assets and activity are concentrated in Louisiana and Texas. Visit www.cubicenergyinc.com for more information on Cubic Energy, Inc.

If you would like to be added to Cubic's email distribution list, please email your name and email address to Donna Luedtke, Investor Relations at donna@cubicenergyinc.com. This email distribution list is notified of all news events (including press releases and scheduled investor conference calls).

The Cubic Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1243

This press release includes statements, which may constitute "forward-looking" statements, usually containing the words "believe", "intend", "estimate"', "project"', "expect"', or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in natural gas prices, the availability of capital for development of mineral projects and other projects, the availability of capital to satisfy debt obligations, dependency on pipelines in which to sell the Company's natural gas it produces, reliance on third party operators for wells in which the Company maintains a working interest, reliance on third party contractors to aid in developing the production infrastructure and in the performance of well completion work, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this release. There can be no assurance that any future activities and/or transactions mentioned in this press release will occur as planned. Cubic cannot guarantee the timing of any drilling referenced above or any level of production from its wells.

CONTACT:  Cubic Energy, Inc.
          Investor Relations
          Donna Luedtke
          (972) 686-0369
          donna@cubicenergyinc.com

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