Infinity Energy Resources Files Form 15

OVERLAND PARK, Kan., March 31 /PRNewswire-FirstCall/ — Infinity Energy Resources, Inc. (Pink Sheets: IFNY) (“Infinity” or “the Company”), an independent oil and gas exploration and development company, announced that it intends to file a Form 15 today with the Securities and Exchange Commission (the “SEC”) to voluntarily suspend its reporting obligations under the provisions of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company is eligible to file a Form 15 because the Company’s common stock is held by less than 300 shareholders of record. As a result of filing the Form 15, the Company’s obligation to file reports under the Exchange Act, including Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, and Current Reports on Form 8-K will be immediately suspended. Infinity expects that its common stock will continue to trade on the Pink Sheets.

The Company expects to benefit from this decision through significant savings on legal, accounting, compliance and other costs associated with being a public reporting company, while simultaneously allowing it to focus on its core business activities, particularly the development and exploration of its Nicaraguan concessions. Infinity’s management has determined that the Company is currently deriving minimal benefits from being a reporting Company in part due to low trading volume and a depressed market price that management believes does not accurately reflect the true value of the Company’s business. The Company noted that preparing and filing SEC reports required a disproportionate amount of financial resources and management effort that now can be focused on Infinity’s business and the Nicaraguan development. Infinity intends to keep the Company’s stockholders apprised of future developments via press releases.

About Infinity Energy Resources, Inc.

Infinity Energy Resources, Inc. is an independent energy company engaged in the exploration, development and production of natural gas and oil in Texas and the Rocky Mountain region of the United States. The Company also has oil and gas concessions covering 1.4 million acres offshore Nicaragua in the Caribbean Sea.

The Company is headquartered in Overland Park, Kansas, and its common stock is listed on the Pink Sheets under the symbol “IFNY.PK”.

Forward-Looking Statement

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe”, “estimate”, “project”, “expect” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Forward-looking statements in this press release include the Company’s intention to file the Form 15 and suspend its Exchange Act reporting obligations, the Company’s plans to move forward with exploration and development activities in Nicaragua, future communication with stockholders and the continued trading of Infinity’s common stock on the Pink Sheets. Factors that could cause or contribute to such differences include, but are not limited to, operating risks, delays and problems, regulatory requirements, changes in the prices of oil and gas, unexpected negative geological variances, governmental uncertainties in Nicaragua, actions by Amegy and/or other creditors with respect to debt obligations, liquidity and capital requirements, the unavailability of capital on acceptable terms or at all and the availability of partners for the Nicaraguan development.

For additional information, please contact:

Stanton E. Ross, President/CEO at (913) 948-9512

SOURCE Infinity Energy Resources, Inc.