DENVER CITY, Texas, May 6, 2013 /PRNewswire/ — Multi-Corp International Inc. (OTC Pink: MULI) has signed a LOI with Quad Energy Corp to purchase 100% working interest in the Double X property for 3 million restricted shares of Multi-Corp International Inc. The terms of the transaction are as follows, Quad Energy Corp has been in negotiations with the US Federal government and bankruptcy court since December 2010. This transaction was sanctioned by the bankruptcy court with conditions. Once these conditions are met Quad can deliver the property to Multi-Corp International. This pending transaction between Quad and Multi has been approved by the bankruptcy court as of March 28, 2013.

Double X consists of 1480 acres of land holdings with 14 producible wells. The wells are capable of producing 38 BOPD. Production is from the Delaware formation. There is also sufficient acreage to drill 21 new wells. The Double X site is production ready with all pump jacks and infrastructure ready to go. This property has a past record of producing over 660,000 bbls oil and 1,207,026 mcf of hydrocarbon production.

About Multi-Corp International, Inc. (MULI)

Multi-Corp International is an Exploration and Production (E&P) company focused on delivering superior operating and financial results by developing and acquiring oil and gas resources initially in New Mexico and then throughout North America, that are contributing to the country’s energy security and vital to the world’s health and welfare.

The Cave Pool Unit property covers 2,800 acres located within Eddy County, NM. It is located within the prolific Artesia Vacuum Trend – more specifically within the Grayburg Jackson Pool. The Artesia Vacuum Trend play contains thirteen reservoirs with more than 1 MMBO cumulative production. Cumulative production from these 13 reservoirs was 796 MMBO as of 2000. Depths to the top of reservoirs range from 1290 to 4700 ft. This is a mature play, especially within the highly productive San Andres carbonates. Recent development of lower permeability Grayburg sandstones in the Grayburg Jackson reservoir during the mid-1990’s has been successful to the point of reversing production decline and is a major focus of current and future development.

Safe Harbor Act Notice: Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company’s ability to obtain additional financing and the demand for the company’s products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority (“FINRA”) for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company’s success are more fully disclosed in the company’s most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

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Multi-CorpInternational,Inc.
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SOURCE Multi-Corp International Inc.