Mining Oil, Inc. Announces Intent To Deregister Common Stock With Securities And Exchange Commission

 Mining Oil, Inc. Announces Intent To Deregister Common Stock With Securities
                           And Exchange Commission

PR Newswire

HOUSTON, Aug. 20, 2012

HOUSTON, Aug. 20, 2012 /PRNewswire/ -- Mining Oil, Inc. (OTCBB: MIOI.PK)
announced that it has today voluntarily filed to deregister its common stock
by filing a Form 15 with the Securities and Exchange Commission (the "SEC"). 
MIOI.PK is eligible to deregister by filing a Form 15 because it has fewer
than 300 holders of record of its common stock.

Upon the filing of the Form 15, MIOI's obligation to file certain reports with
the SEC, including Forms 10-K, 10-Q, and 8K, was immediately suspended.  MIOI
expects that deregistration of its common stock will become effective 90 days
after the date of filing of the Form 15 with the SEC.  The Company anticipates
that its shares will no longer be quoted on the Bulletin Board maintained by
the NASD.  However, the Company expects, but cannot guaranty, that its common
stock will continue to be quoted on the Pink Sheets after it delists.  There
can also be no assurance that any brokerage firms will continue to make a
market in the common stock after the delisting.  The Pink Sheets is a provider
of pricing and financial information for the over-the-counter securities
markets.  It is a centralized quotation service that collects and publishes
market maker quotes in real time primarily through its website,
www.pinksheets.com, which provides stock and bond price quotes, financial
news, and information about securities.

Donald E. Beckham, the Company's Chief Executive Officer, stated: "Our Board
of Directors, upon the recommendation of our management, determined to delist
the Company after carefully considering the advantages and disadvantages of
continuing registration.  The costs and administrative burdens associated with
being a public company are excessive for a company the size of MIOI.  Our
Board has determined that the costs of compliance as well as the substantial
demands on management time and resources compelled by the compliance
requirements are disproportionate to the benefits the Company receives from
maintaining its registered status.  The Board believes that deregistering will
result in significant reductions in our accounting, legal and administrative
expenses and enable our management to focus all of its time and resources on
operating the Company and taking the steps required to fully develop the
Company's mineral prospects."

Mining Oil, Inc. is a small, independent oil and gas exploration company
operating in offshore Texas state waters.

For further information, please contact:

Donald E. Beckham, Chief Executive Officer
Chris A. Stacy, Executive Vice President
Michael H. Price, Chairman of the Board

Mining Oil, Inc.
1221 Lamar, Suite 1111
Houston, Texas 77010
(713) 655-1100

SOURCE Mining Oil, Inc.