CALGARY, ALBERTA--(Marketwire - June 9, 2011) - STETSON OIL & GAS LTD. (TSX VENTURE:SSN) ("Stetson" or the "Company") announced today that the 2011 annual general and special meeting of Stetson shareholders scheduled for and convened on June 9, 2011, was adjourned.

The 2011 annual general and special meeting of Stetson shareholders has been adjourned to 2:00 p.m. (EST) on June 10, 2011, at the Toronto offices of Stetson located at 65 Queen Street West, Suite 800, Toronto Ontario, M5H 2M5. The agenda for the meeting (as adjourned) will remain unchanged.

Stetson is a junior oil and gas company with exploration assets in North Dakota, USA.

Cautionary Note Regarding Forward-Looking Information: Statements in this release that are not historical facts are "forward-looking information" within the meaning of applicable securities law. Forward-looking information typically contain words such as "anticipate", "plan", "expect", "potential", or similar words suggesting future outcomes and include, statements regarding corporate strategy; and the availability of acquisition opportunities. There can be no assurance that such information will prove to be accurate; actual results and future events could differ materially from such information. Factors that could cause actual results to differ materially include, among others, commodity prices, third party risks, acquisition risks, risks inherent in the oil and gas industry, licensing risks, financing risks, regulatory risks and environmental concerns. Investors are cautioned not to place undue reliance on forward-looking information

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Contact Information

Ahmed Said
Chairman & CEO
+1 (403) 263 3000
asaid@forbesenergygroup.com

Bob Petryk
Operations Manager
+1 (403) 531 1711
bpetryk@forbesenergygroup.com