Osage Energy Corporation Elects New President and Chairman of the Board of Directors

Business Wire, May 14, 2007

LA JOLLA, Calif. -- The Board of Directors of Osage Energy Corporation is pleased to announce the appointment of Kim Bradford to the posts of President, CEO, and Chairman. Mr. Bradford is currently the Chief Investment Officer of Decision Capital Management, LLC, a SEC registered Investment Advisory firm which he co-founded in 2001. Mr. Bradford has over 20 years of experience in natural resource investment finance and equity analysis. He brings his unique combination of skills and background to Osage Energy at a time when the Company is preparing to go to the next level in exploration, production, and capitalization.

The Board is further pleased to announce the appointment of Ran Furman to the Board of Directors of Osage Energy Corporation. Mr. Furman's experience in Investment Banking, Corporate Finance, and SEC Accounting will be invaluable to Osage as it transitions to a larger company. Mr. Furman has structured mergers, acquisitions, debt offerings, recapitalizations, PIPES, and has done SEC Registrations for public companies.

Greg Franklin, the Company's geological consultant will remain on the Board and continue to lead the technical team at Osage going forward.

"The new team at Osage Energy has a grand vision and a plan for growing the assets and equity of the Company. We are prepared to aggressively move forward with initiatives that will result in a revitalized company that directly benefits our shareholders," stated President Kim Bradford.

About Osage Energy Corporation

Based in La Jolla, California with production offices in Oklahoma City, Oklahoma, Osage Energy Corp. is an independent exploration and production company with interests in oil and gas wells and prospects.

Safe Harbor Statement

The information in this release includes certain forward-looking statements as defined by the Securities and Exchange Commission that are based on assumptions that in the future may prove not to have been accurate. Those statements and Osage Energy Corp. are subject to a number of risks, including production variances from expectations, volatility of product prices, inability to raise sufficient capital to fund its operations, environmental risks, competition, government regulation, and the ability of the Company to execute its business strategy, among others.