Principal Solar, Inc. announced that Principal and its joint venture partner Executive Logistics & Transportation and its affiliates have completed the acquisition of certain Winchester Oil & Gas oil and gas leases and field equipment from the Minerva-Rockdale Oil Field. Principal and ELT have obtained both operating and non-operated interest in the Minerva-Rockdale oil and gas leases, which cover approximately 11,000 acres in Milam County, Texas. In the future, Principal will have the option to increase its equity percentage in the field in exchange for issuance of the Company's common stock, subject to market conditions and other factors.

Specific terms and conditions will be disclosed as they become available.