Multi-Corp Provides An Update On Its Audit To Its Shareholders

DENVER CITY, Texas, May 28, 2013 /PRNewswire/ -- Multi-Corp International Inc. (OTC: MULI) ("The "Company") would like to update its shareholders in regards to its current year-end audit for the year ended December 31, 2012.  The Company has been working very closely with its new auditing firm M&K CPAS, PLLC who have been appointed the Company's registered independent accounting firm as of April 16, 2013.   The Company feels that M&K is better equipped and has more experience to handle complex oil and gas audits than its previous auditing firm, thus it made the decision to change firms.

The Company has engaged an independent valuation expert Mr. Phil Scott of Doty Scott Enterprises Inc, to provide  an Independent  Purchase Price Allocation ( PPA)   for Multi-Corp. to support or back up the Independent Reserve evaluation  provided by Chapman Engineering with results showing approximately  $ 79,433,000 Net present value that was released March 11, 2013

The Company is very happy with its new Independent auditing firm and the results of its audit will be forthcoming with the conclusion of the year-end audit in the very near future.

About Multi-Corp International Inc. (MULI)
Multi-Corp International is an Exploration and Production (E&P) company focused on delivering superior operating and financial results by developing and acquiring oil and gas resources initially in New Mexico and then throughout North America, that are contributing to the country's energy security and vital to the world's health and welfare.

The Cave Pool Unit property covers 2,800 acres located within Eddy County, NM. It is located within the prolific Artesia Vacuum Trend – more specifically within the Grayburg Jackson Pool. The Artesia Vacuum Trend play contains thirteen reservoirs with more than 1 MMBO cumulative production. Cumulative production from these 13 reservoirs was 796 MMBO as of 2000. Depths to the top of reservoirs range from 1290 to 4700 ft. This is a mature play, especially within the highly productive San Andres carbonates. Recent development of lower permeability Grayburg sandstones in the Grayburg Jackson reservoir during the mid-1990's has been successful to the point of reversing production decline and is a major focus of current and future development.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD
Multi-Corp International Inc.

Contact
Investor Relations:
[email protected]

SOURCE Multi-Corp International Inc.