Caspian Energy Cancels AIM Listing

Caspian Energy is canceling its AIM listing effective March 3, 2009. Caspian is taking these steps as part of its efforts to reduce ongoing overhead costs in light of the current oil prices and given the recent minimal trading volume in its common shares on AIM. Holders of the Caspian common shares will continue to be able to trade their common shares through the facilities of the Toronto Stock Exchange following March 3, 2009.

Caspian Energy Inc. is an oil and gas exploration company, operating in Kazakhstan where it has a number of targets in the highly prospective Aktobe Oblast of Western Kazakhstan.