Osage Exploration and Development, Inc. (OTCBB:OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, is pleased to announce that Northland Capital Markets, a full-service capital markets group focused on growth companies and institutional investors located in Minneapolis, Minnesota, initiated research coverage of Osage with an “Outperform” investment rating and a price target of $2.25 per share.

About Osage Exploration and Development, Inc.

Based in San Diego, California, with production offices in Oklahoma City, Oklahoma, and executive offices in Bogotá, Colombia, Osage Exploration and Development, Inc. is an independent exploration and production company with interests in oil and gas wells and prospects in the U.S. and Colombia. http://www.osageexploration.com

About Northland Capital Markets

Northland Capital Markets is a full-service capital markets group focused on growth companies and their institutional and accredited investors. Northland Capital Markets has industry sector expertise in Business Services, Clean Technology, Consumer, Healthcare, Financial Services, Industrials, Metals and Mining, Oil and Gas, and Technology. Additionally, its institutional sales and trading group provides active market making and trading support for institutional investors in targeted sectors and coverage companies. Northland Capital Markets is the trade name for certain capital markets and investment banking services of Northland Securities, Inc., member FINRA/SIPC.

http://www.northlandsecurities.com

Safe Harbor Statement

The information in this release includes certain forward-looking statements as defined by the Securities and Exchange Commission that are based on assumptions that in the future may prove not to have been accurate. Those statements and Osage Exploration and Development, Inc. are subject to a number of risks, including production variances from expectations, volatility of product prices, inability to raise sufficient capital to fund its operations, environmental risks, competition, government regulation, and the ability of the Company to execute its business strategy, among others.

Osage Exploration and Development, Inc.Kim Bradford, President and CEOPhone: 619-677-3956kbradford@osageexploration.comorJack Zedlitz, VP of Corporate DevelopmentPhone: 405-270-0989jzedlitz@osageexploration.comhttp://www.osageexploration.com

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