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Lucas Energy Names Oil And Gas Finance Executive William J. Dale As Chief Financial Officer

HOUSTON, April 8, 2013 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE MKT:LEI) ("Lucas Energy" or the "Company"), an independent oil and gas company with main operations in Texas, today announced the appointment of William J. Dale as Chief Financial Officer, Treasurer and Secretary of the Company. Mr. Dale replaces Anthony C. Schnur in those posts, which Mr. Schnur has held on an interim basis since being named CEO of Lucas Energy in December 2012.

Mr. Dale brings over 17 years of oil and gas industry financial experience across corporate finance, treasury, strategic planning, and financial reporting, planning and analysis functions both at large global corporations as well as small, entrepreneurial oil and gas companies. Most recently he served as a financial consultant for several private equity and independent E&P companies, having previously served as Director of Finance, Planning & Analysis for Global Industries Ltd., a $575 Million in revenue, Nasdaq-traded oil & gas service company. Prior posts include CFO and Controller at KD Resources, a private E&P company and CFO, Treasurer and Secretary at Blue Dolphin Energy, a Nasdaq Midstream and E&P company. He also has prior experience working at Rosetta Resources, Huber Energy, El Paso Corporation, Columbia Energy and Tejas Gas (acquired by Shell Oil). Mr. Dale earned dual Bachelor degrees in accounting and finance and has an MBA from the University of Houston. He is also a Texas Certified Public Accountant.

Lucas Energy's CEO, Anthony Schnur, commented: "William has been here for the last three months assisting in the reshaping of the Company. He brings the ideal financial and industry skill sets to support both our immediate goals and the longer term creation of value for our shareholders. Further, his experience at large, well-structured organizations as well as smaller, more nimble independent companies, combined with solid public company and capital markets experience, made him ideally suited for the CFO role we envision to drive Lucas' growth."

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