Viking Investments Group, Inc. Executes Agreement With Cytron Capital Group Inc. Concerning Gravel and Timber Operation in Saskatchewan

NEW YORK, NY--(Marketwired - Feb 5, 2015) - On January 14^th, 2015, Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) announced the execution of a Letter of Intent with Cytron Capital Group Inc. ("Cytron") wherein the parties outlined the essential elements of a joint venture concerning the acquisition, development and/or management of various projects in the Real Estate and Energy sectors (the "LOI"). On February 3^rd, 2014 Viking announced the execution of a Share Purchase Agreement with Cytron regarding one of the real estate ventures contemplated in the LOI, and on February 4^th, 2014 Viking announced the execution of a Share Purchase Agreement with Cytron regarding the second real estate venture contemplated in the LOI.

Viking is now pleased to report it has entered into an agreement in principle on February 4^th, 2015 with Cytron with respect to another venture contemplated in the LOI.

Pursuant to this agreement, Viking has agreed to purchase 50% of the issued and outstanding shares of Cytron Gravel Corporation ("Cytron Gravel"), a wholly-owned subsidiary of Cytron, subject to certain conditions being satisfied, including Cytron Gravel having the exclusive right to remove and sell all of the sand, gravel and other surface and undersurface materials, and all of the saleable timber, from or in respect of a targeted parcel of property in Naicam, Saskatchewan (the "Property"). Cytron Gravel expects to secure the aforementioned rights on or before March 17^th, 2015.

On or about January 19^th, 2015, C&F Land Resource Consultants Ltd., a firm with over 30 years' experience in soil surveying, land use interpretation, land reclamation, gravel pit monitoring, and consulting major aggregate producers in Western Canada, issued a preliminary assessment of the aggregate potential at the Property (the "C&F Report"). According to the C&F Report, the total potential land area available for aggregate extraction is approximately 3,808 acres, and the total available volume of aggregate at 100% utility and 50% utility is 127,217,375 cubic yards and 63,608,688 cubic yards, respectively. The total estimated value of the aggregate based on a selling price as pit-run unprocessed material at $2.07 per tonne would be CDN$381.9M at 100% utility and CDN$190.9M at 50% utility, according to the C&F Report.

On closing of the transactions contemplated in the subject agreement, Viking has agreed to issue to Cytron 3,500,000 common shares in the capital stock of Viking plus 3,500,000 warrants entitling Cytron to purchase an additional 3,500,000 common shares of Viking at a price equal to $3.50 per share, expiring March 17, 2018.

About Cytron:

Cytron Capital Group Inc. is a North American based investment capital group that provides capital and corporate finance services, primarily focused on real estate, property development, natural resources, including agriculture, and the energy sector.

About Viking:

Viking aims to acquire, invest in and/or 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. 

Viking is not an investment company, as defined by the Investment Company Act of 1940.

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