Molori Energy Inc. Announces Update On Drilling Program – 8/9/2017

Borger, Texas –(Newsfile Corp. – August 9, 2017) Molori Energy Inc. (TSXV: MOL OTCQB: MOLOF) (“Molori” or the “Company”) is pleased to announce that site preparation is presently underway for the company’s first of three Red Cave wells to be drilled in District 10, Texas. Molori’s Texas-based operating partner has submitted permits for the next two Red Cave wells the company plans to drill and anticipates receipt of those permits by mid-August. The permits will cover various leases, multiple pay zones including the Red Cave at approximately 2500 feet, Brown Dolomite and Granite Wash zones, and will include rights to both oil and gas.