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Serinus Appoints Helmut J. Langanger as Chairman & Reports Voting Results from AGM

CALGARY, ALBERTA -- (Marketwired) -- 05/15/14 -- Serinus Energy Inc. ("Serinus", "SEN" or the "Company") (TSX:SEN)(WARSAW:SEN) is pleased to report that at its annual meeting of shareholders ("AGM") held on May 14, 2014, each of the nominees proposed as directors in its Proxy Statement and Information Circular dated April 16, 2014 were elected as directors of the Company.

Appointment of New Chairman

Serinus is also pleased to announce that Helmut J. Langanger has been appointed as the Chairman of the Company, replacing Dariusz Mioduski who retired from the board at the AGM.

Mr. Langanger is a Petroleum Engineer with 40 years of experience in the energy industry. He began his career with OMV AG, where he worked from 1974 to 2010, rising to the positions of Group Executive Vice President E&P, a member of the Executive Board, and Managing Director Upstream. OMV, the largest oil company in Central and Eastern Europe, is listed on the Vienna Stock Exchange. During Mr. Langanger's term as Managing Director from 2002 until his retirement in 2010, OMV increased their production from 80,000 to 320,000 barrels of oil equivalent per day. Mr. Langanger has been a director of Serinus since November 2011 and Chairman of the Serinus Reserves Committee since March 2012. He is also a director of Schoeller Bleckmann Oilfield Equipment A.G. (Austria), Enquest plc, an independent UK-based petroleum exploration and production company working mainly in the UK Continental Shelf, and MND as, the largest oil and gas producing company in the Czech Republic. Mr. Langanger holds a M.Sc. in Petroleum Engineering from the Mining University of Leoben, Austria, and an M.A. from the University of Vienna.

Voting Results

The results of the vote for directors are as follows:


-----------------------------------------------------------------------
                               Votes For              Votes Withheld   
                        -----------------------   ---------------------
                            Number  Percent (%)     Number  Percent (%)
Stephen C. Akerfeldt    49,560,632        99.97     13,774         0.03
Timothy M. Elliott      49,562,635        99.98     11,771         0.02
Norman W. Holton        49,560,142        99.97     14,264         0.03
Evgenij Iorich          49,560,877        99.97     13,529         0.03
Gary R. King            49,563,125        99.98     11,281         0.02
Sebastian Kulczyk       49,560,330        99.97     14,076         0.03
Helmut J. Langanger     49,563,080        99.98     11,326         0.02
Manoj N. Madnani        49,545,766        99.94     28,640         0.06
Michael A. McVea        49,560,587        99.97     13,819         0.03
-----------------------------------------------------------------------

For complete voting results, please see our Report of Voting Results available through SEDAR at www.sedar.com.

About Serinus

Serinus is an international upstream oil and gas exploration and production company with a diversified portfolio of projects in Ukraine, Brunei, Tunisia, Romania and Syria and with a risk profile ranging from exploration in Brunei, Romania and Syria to production and development in Ukraine and Tunisia. The common shares of the Company trade under trading symbol "SEN" on both the WSE (Warsaw Stock Exchange) and the TSX.

In Ukraine, Serinus owns an effective 70% interest in KUB-Gas LLC through its 70% shareholding of KUBGas Holdings Limited. The assets of KUB-Gas LLC consist of 100% interests in five licences near to the City of Lugansk in the northeast part of Ukraine. Four of the licences are gas producing.

In Tunisia, Serinus owns a 100% working interest in the Chouech Essaida, Ech Chouech, Sanrhar and Zinnia concessions, and a 45% working interest in the Sabria concession. Four of the concessions are currently producing oil or gas.

In Brunei, Serinus owns a 90% working interest in a production sharing agreement which gives the Company the right to explore for and produce oil and natural gas from Block L.

In Romania, Serinus has an undivided 60% working interest in the onshore Satu Mare concession, a 2,949 square kilometre exploration and development block, in north western Romania.

In Syria, Serinus holds a participating interest of 50% in the Syria Block 9 production sharing contract which provides the right to explore for and, upon the satisfaction of certain conditions, to produce oil and gas from Block 9, a 10,032 square kilometre area in northwest Syria. The Company has an agreement to assign a 5% ownership interest to a third party which is subject to the approval of Syrian authorities, and which, if approved, would leave the Company with a remaining effective interest of 45% in Syria Block 9. Serinus declared force majeure, with respect to its operations in Syria, in July 2012.

The main shareholder of the Company is Kulczyk Investments S.A., an international investment house founded by Polish businessman Dr. Jan Kulczyk.

For further information, please refer to the Serinus website (www.serinusenergy.com).

Translation: This news release has been translated into Polish from the English original.


Suite 1170, 700-4th Avenue SW, Calgary, Alberta, Canada                     
Telephone: +1-403-264-8877                                                  
                                                                            
Al Shafar Investment Building, Suite 123, Shaikh Zayed Road, Dubai, UAE     
Telephone: +971-4-339-5212                                                  
                                                                            
Nowogrodzka 18/29, 00-511 Warsaw, Poland                                    
Telephone: +48 (22) 414 21 00                                               

Contacts:
Serinus Energy Inc. - Canada
Norman W. Holton
Vice Chairman
+1-403-264-8877
[email protected]

Serinus Energy Inc. - Canada
Gregory M. Chornoboy
Director - Capital Markets & Corporate Development
+1-403-264-8877
[email protected]

Serinus Energy Inc. - Poland
Jakub J. Korczak
Vice President Investor Relations & Managing Director CEE
+48 22 414 21 00
[email protected]
www.serinusenergy.com

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