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Viking Investments Group announces Investment Banking Agreement with BAO Capital Sarl

NEW YORK, NY— (Marketwired – February 9th, 2015) – On February 7th, 2015, Viking Investments Group,   Inc.   (“Viking”) (OTC: VKIN) and Cytron Capital Group Inc. (“Cytron”) executed an Agreement (the “BAO   Agreement”) with BAO Capital Sarl (“BAO”), a BAO Group Company, pursuant to which BAO has agreed to   work with Viking and Cytron with effecting a USD$500M bond financing in Mauritius (the “Bond   Transaction”).   Proceeds from the Bond Transaction, if successful, will be used to complete, among others,   the transactions announced on February 3rd, 4th and 5th, 2015 regarding the Halfmoon Bay, Riverwood and Cytron Gravel deals,  respectively.

 Under the BAO Agreement, BAO has agreed to work with Viking and Cytron with preparing the materials required for the Bond Transaction, identifying and introducing potential purchasers of the bond to Viking,   making presentations to prospective purchasers, advising on relevant issues regarding structuring and closing the transaction, and participating in any selling group assembled to sell any securities or debt related to the bond   (collectively, the “Services”).  BAO will be responsible for listing the bond on The Stock Exchange of Mauritius.

In exchange for the Services, the BAO Agreement contemplates BAO receiving an initial retainer fee, an ongoing   monthly retainer, and a cash success fee on the closing of the Bond Transaction. Cytron is responsible for paying   the initial and ongoing retainer fees.  The minimum term of the BAO Agreement is 90 days, after which it may be terminated by any party upon 30 days written notice to the other party.

About Viking:

Viking aims to acquire, invest in, and provide professional advisory and consulting services to companies undergoing or anticipating periods of rapid growth, significant change, or ownership transition.  Viking’s primary focus is directed toward evaluating and completing investments in North America, mainly in the Oil & Gas and Real Estate sectors, with appropriate diversification and balance between each division.  Viking targets under-valued investments with realistic appreciation potential and a defined exit strategy.

Safe Harbor Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers concerning, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words «may,» «would,» «will,» «expect,» «estimate,» «anticipate,» «believe,» «intend» and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company’s Forms 10-K and 10-Q filed with the SEC.

February 9th 2015



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