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 Pacific Asia Petrole (NYSE AMEX:CAK)

Saturday, February 25, 2012
On February 23, 2012, Edward G. Caminos, Senior Vice President and Chief Financial Officer of CAMAC Energy Inc. (the “Company”), agreed voluntarily to resign from the employment with the Company effective March 1, 2012, pursuant to a separation agreement and general release of claims. The Company intends to appoint an experienced interim Chief Financial Officer to assume these responsibilities while it conducts an executive search to identify and hire a permanent replacement.