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CAMAC Energy CEO Honored By Goldman Sachs As One Of The 100 Most Innovative Entrepreneurs

HOUSTON, Oct. 25, 2012 /PRNewswire/ --  CAMAC Energy Inc. (NYSE MKT: CAK) ("the Company") today announced that Chairman and CEO Dr. Kase Lawal, recently attended the inaugural Goldman Sachs Builders & Innovators Summit where he was honored as one of the 100 most innovative entrepreneurs for his 26 years of creating value on the continent of Africa.

The Summit, held October 22 nd-24 th in Newport Beach, California was the first of its kind, bringing together emerging entrepreneurs from a diverse set of industries with more seasoned entrepreneurs. Participants engaged in two days of discussions and workshops on building great and enduring companies that reshape their industries. Conference speakers included President Bill Clinton, Facebook COO, Sheryl Sandberg, and Goldman Sachs CEO Lloyd Blankfein.

"I was extremely honored to attend the Goldman Sachs Builders & Innovators Summit and receive their designation as one of the 100 most innovative entrepreneurs," said Dr. Lawal. "I consider this not only a personal honor, but also a well-deserved recognition of all the employees, partners, and stakeholders, that have contributed to the success of our organization over the years. The Goldman Sachs Summit provided me with incredible networking and learning opportunities that I will leverage to help grow our success far into the future."

About CAMAC Energy Inc.

CAMAC Energy Inc. (NYSE MKT:  CAK) is a U.S.-based energy company engaged in the exploration, development and production of oil and gas. The Company's principal assets include interests in OML 120 and OML 121, offshore oil and gas leases in deep water Nigeria which include the currently producing Oyo Oilfield, and six recently acquired exploration blocks in Kenya and Gambia. The Company is currently pursuing further additions to its exploration portfolio in East and West Africa.  The Company was founded in 2005 and has offices in Houston, Texas and Lagos, Nigeria.

Forward-Looking Statements

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, are "forward-looking statements," including statements regarding the Company's proposed transactions, business strategy, plans and objectives and statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "will," "should," "believes," "expects," "anticipates" or similar expressions, and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of their respective dates. Risks and uncertainties regarding the transactions described herein include the possibility that the schedule for drilling may be delayed due to unavailability or delays in procurement of necessary equipment and materials.  In addition, the Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of other factors including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission ("SEC"). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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