Royale Energy Offers Update on North Slope Shale Oil

Royale Energy, Inc.

today, in cooperation with Rampart Energy, is pleased to announce the results of a study performed by Netherland, Sewell & Associates, Inc. Worldwide Petroleum Consultants, (NSAI), www.netherlandsewell.com, to evaluate the prospective resources in their shale acreage on the North Slope of Alaska. Using available data from existing wellbore penetrations and analog shale plays, they determined that the acreage is a qualified Prospective Resource with an average recovery rate of 3,995 barrels of oil per acre from the combined shale intervals. Based upon estimated drilling density of 160 acres per well, this equates to 639,119 barrels of oil per well drilled. Total Original Oil in Place and Total Recovery per acre is divided between the three intervals as follows:     OOIP Total (BBL/acre) EUR Total (BBL/acre)   Low Best High Mean Low Best High Mean  HRZ  2,723  13,255  35,174  16,635  123  578  1,775  809  Kingak  6,631  37,383  96,748  45,091  263  1,459  4,661  2,120  Shublik  4,934  16,327  35,298  18,747  246  899  2,037  1,066  Total  14,288  66,965  167,220  80,473  632  2,936  8,473  3,995 The report covers 96,882 acres including 39,539 acres that the companies have agreed to jointly develop (Western Block), 17,139 acres owned by Royale (Central Block) in which Rampart has future rights to acquire, and 40,204 acres (Eastern Block) owned exclusively by Royale. The table below represents the total Estimated Ultimate Recovery (EUR) from the combined acreage:         EUR Total (MBBL) Area Gross Acres Low Best High Mean West 39,539 24,998 116,091 335,031 157,938 Central 17,139 10,836 50,322 145,226 68,462 East 40,204 25,418 118,044 340,665 160,595 Sub Total: 96,882 61,252 284,457 820,922 386,995 Preparation for a seismic survey has already begun with the field work on an archeological survey of the area. Final engagement of the contractor is expected imminently, and data is expected to be available by the second quarter of 2014. An image accompanying this release is available at http://media.globenewswire.com/cache/17632/file/21605.pdf. List of Definitions Original Oil-in-Place The quantity of petroleum estimated, as of a given (OOIP) date, to be contained within accumulations yet to be discovered.     Those quantities of petroleum which are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future Prospective Resources development projects. Prospective Resources have both   an associated chance of discovery and a chance of development; these figures are necessarily revised upward or downward as additional data becomes available.     The oil resources shown include crude oil only. Oil Barrels of Oil volumes are expressed in barrels of oil (BBL) or   thousands of barrels (MBBL); a barrel is equivalent to 42 United States gallons.