HOUSTON, TEXAS--(Marketwire - Feb. 26, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that Bruce Vasseur has been appointed to the position of Vice President of Operations. Mr. Vasseur has over 30 years of technical experience in international exploration operations including operations in Ukraine. Mr. Vasseur will oversee the drilling and completion operations on the Company's assets in western Ukraine.

"We are very pleased to appoint Bruce as Vice-President of Operations. With his extensive background in drilling and completion operations, he provides exceptional expertise to lead our operations efforts. We are excited to have him join our team." said Mr. Mikhail Afendikov, Chairman and CEO.

About Cub Energy Inc.

Cub Energy Inc. (TSX VENTURE:KUB) is an upstream oil and gas company with 110,000 net acres, in nine exploration and production licences within the two major producing basins of Ukraine. The Company's strategy is to implement western technology and capital, combined with local expertise and ownership to increase value in its undeveloped land base, creating and further building a portfolio of producing oil and gas assets within a high pricing environment.

For further information please contact us or visit our website: www.cubenergyinc.com

Contact Information:

Cub Energy Inc.
Lionel C. McBee
Director of Investor Relations
(713) 677-0439

Cub Energy Inc.
Mikhail Afendikov
Chairman and Chief Executive Officer
(713) 677-0439