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Cross Border Resources Announces Strategic Alternative Review

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February 9, 2012

Cross Border Resources Inc. (OTCQX: XBOR.OB) a San Antonio-based oil and gas exploration and production company, today announced that its board of directors has decided to conduct a broad review of strategic alternatives aimed at maximizing shareholder value. To assist in the review process, Cross Border has engaged KeyBanc Capital Markets as its financial advisor.

Cross Border's Chairman and CEO, Everett "Will" Gray II, said, "Over the past 13 months, both management and the board of directors have worked to ensure that Cross Border Resources could achieve aggressive growth in ...

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