STRATEGIC AMERICAN OIL CORPORATION IDENTIFIES TARGET CORPUS CHRISTI, Texas, May 26 /PRNewswire-FirstCall/ -- Strategic American Oil Corporation (OTC:SGCA) (BULLETIN BOARD: SGCA) (the "Company") is pleased to announce that it has identified a significant Frio Sand (gas) target in South Texas through its recently acquired 172 sq. mile 3D seismic database. The target is an anticlinal structure with 4-way closure covering portions of six sections. The Company plans to lease approximately 1,000 acres over the identified structure and proposes to drill one to two wells to test the Frio sand zones. The Company's exploration team believes the multiple Frio Sands identified in the seismic profile could contain significant gas reserves (detailed geologic information will be released upon completion of leasing). Company President and CEO, Randall Reneau, stated, "The identification of this structure is a major development in the Company's ongoing exploration program. We believe this structure, in the prolific South Texas Frio Sand trend, has the potential to be a significant gas and condensate producer. Developing prospects of this magnitude certainly justifies the recent acquisition of the 3D databases, which allows us to search for potential oil and gas bearing structures with a minimal cash outlay. The identification of this structure is exactly what we were hoping to find when we purchased the databases. The Company will continue to review and evaluate this first of a total of five 3D seismic databases with the goal of developing additional prospects." 3D seismic is a key tool in Strategic American Oil's exploration plans for discovering new oil and gas reserves along the gulf coast. 3D seismic surveys allow the company to better define prospective oil/gas structures and pinpoint drilling locations thus increasing chances for successful wells. 3D seismic has become an invaluable tool for developing drilling prospects and has become the number one prospecting tool in today's oil and gas exploration industry. The technique is utilized by major oil and gas companies throughout the world. On February 26, 2009, the Company filed a Current Report on Form 8-K disclosing that, in accordance with the Canadian Securities Administrators' National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities, the Company had filed the following documents on the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR): (i) a statement of reserves data and other oil and gas information in accordance with Form 51-101F1 prepared by AJM Petroleum Consultants, as at and for the Company's fiscal year ended July 31, 2008, (ii) a report of AJM Petroleum Consultants, an independent qualified reserves evaluator or auditor, in accordance with Form 51-101F2, and (iii) a report of the Company's management and directors in accordance with Form 51-101F3. A copy of the filed information can be found for viewing by electronic means by viewing the Company's filings on http://www.sedar.com/. About Strategic American Oil Corporation Strategic American Oil Corporation is an oil and gas exploration, acquisition, and production company focusing on developing oil resources in the United States. Safe Harbor Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of oil or gas resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the oil and gas industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the "SEC") (available at http://www.sec.gov/). Such risks and uncertainties may include, but are not limited to, the risks and uncertainties set forth in the Company's filings with the SEC, such as the ability to obtain additional financing, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. DATASOURCE: Strategic American Oil Corporation CONTACT: Investor Relations of Strategic American Oil Corporation, 1-800-643-5815 Web Site: http://www.strategicamericanoil.com/

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