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 Noble Financial Capital Markets, a research-driven boutique investment bank focused on emerging growth companies headquartered in Boca Raton, Florida, initiated research coverage of Osage with a “Buy” investment rating and a price target of $2.00 per share.

About Osage Exploration and Development, Inc.

Based in San Diego, California, with production offices in Oklahoma City, Oklahoma, 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. http://www.osageexploration.com

About Noble Financial Capital Markets

Noble Financial Capital Markets has been in the Investment Banking and Capital Markets business for close to three decades. Its analysts and bankers average more than 25 years in the industry and cover the verticals of energy, healthcare, technology, and media. Noble’s goal is to be market leaders in the small-cap, emerging growth arena and to achieve this status by providing an ethical, timely, quality product to both corporate partners and institutional investors. http://www.nobleresearch.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 CEO619-677-3956kbradford@osageexploration.comorJack Zedlitz, VP of Corporate Development405-270-0989jzedlitz@osageexploration.comhttp://www.osageexploration.com

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