EnergyTEK Corp. Renews Letter of Intent to Joint Venture 3 Well Oil Lease Venture in Kentucky

Drilling Expected to Commence in August, 2015

HOUSTON, TX / ACCESSWIRE / July 14, 2015 / EnergyTEK Corp. (OTCQB:ENTK) announced today that it has renewed a Letter of Intent with Energy Management Resources LLC (“EMR”) to form a joint venture to acquire the Working Interest of EMR, the lease operator, for up to 3 oil wells in Kentucky. The acquisition would also include all existing equipment associated with the first well drilled by EMR. Craig Crawford, President of EnergyTEK, stated, “Newly updated geology reports have been received that have validated the prospects for a successful shallow well drilling program,
and we remain optimistic about the probability of success in this area of existing producing oil fields in Kentucky. Mr. Crawford went on to say, “The commencement of the drilling program is subject to our research validating the data received, confirming the economics of the drilling program and closing of the transaction financing. We hope to have this completed by August, 2015.”

About EnergyTEK Corp.

EnergyTEK Corp. targets unique, promising technologies we believe can improve business growth and profitability, with a particular emphasis on the energy space, especially the oil and gas production markets. We apply those technologies by incubating promising companies with innovative business plans that can utilize technological efficiencies to drive business growth and bottom line operating performance. We are also actively seeking to acquire distressed energy assets in this down cycle in the oil & gas markets, to take advantage of pricing opportunities and joint ventures at prices previously unable to be achieved before the recent market downturn. We support our companies in obtaining necessary working capital financing to support their growth, and in select cases, we will make direct loans and/or equity investments in our own subsidiary companies as well as consider joint venture investments in unique technologies. In the future, we intend to monetize our investments in these companies either by outright sale, or by spin off the subsidiary’s shares into the public markets.

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Precautionary and Forward-Looking Statements This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude or risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company’s disclosures or filings with the SEC. You are further cautioned that penny stocks and stocks of smaller companies like EnergyTEK Corp. are inherently volatile and risky and that no investor should buy this stock unless they can afford the loss of their entire investment.

SOURCE: EnergyTEK Corp.

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