Octagon 88 Resources Inc. announced that the Manning projects operator has been granted the official production well license (21.09.13) required for the spudding and drilling of the first production well on the Elkton Erosional Edge. The drilling company and other required oil service providers are awaiting the Technical Team's final decision regarding the scheduling of the drill rig. It has been recently stated that the Company has verified through third party analysis that the core samples and well logs from the Elkton Erosional has been proven to be geologically unique; as to the presence of unconsolidated oil sands at the edge of the consolidated limestone carbonates proven to hold even larger quantities of oil.

Recent economic simulation testing has proven that primary (Cold Flow) production will be the production method used for the Elkton Erosional Edge, this is the Company's biggest competitive advantage as the operator will now carry on straight to production not needing thermal recovery thus saving exponentially on CAPEX costs and cash flow timelines. Elkton Erosional Edge: - 1,050 million barrels PIIP (third-party estimate). - Primary recovery of oil in the Elkton Erosional Edge with 8% to 14% recovery rate with staged and scalable 5,000 bbl/d to 10,000 bbl/d projects.

- To be followed up with infill drilling and then subsequent pressure maintenance with an additional 8+% recovery rate for an estimated cumulative 200 million barrels. - Recoverable peak production exceeding 30,000 bbl/d. -Enhanced oil recovery (EOR) exploitation targeting an additional 10% to 20% recovery rate with proven EOR technologies. The expanded development plan below details how the Company and partners have developed a highly trusted confidence geological model for the area; specifically for the Elkton Erosional Edge from results derived from recent drilled wells, cores and seismic data.