Oil & Gas News - US Energy Stock Posts 158%

Equity Increase And 65% Revenue Increase -

Merger Generates 88% Oil & Gas Properties Value Increase

US energy exploration and production company,

Cross Border Resources, Inc. (Stock symbol: XBOR),
provides financials, merger news and oil & gas production updates.

Doral Energy Corporation and Pure Energy Merger Yields

270,000+ net New Mexico and West Texas mineral and oil & gas
lease acres. 31,000 acres are within the prolific Permian Basin.
Source: USEnergyNews.org Oil & Gas Energy News Site. This is not an official Cross Border
Resources, Inc. (XBOR) press release.

Click Here To See The Cross Border Resources, Inc. IR and Press Release Page.

“We believe XBOR is uniquely positioned to provide our shareholders with both
near and long-term growth in production, reserves, revenue and cash flow."
--- CEO and Chairman, Everett "Will" Gray II

In oil and gas US energy news, Cross Border Resources (Stock symbol: XBOR, "Cross
Border" or "the Company") oil and gas exploration and production company management
recently commented on details of the results of operations for the first quarter of 2011

This is the first full quarter of operations for the Company since the oil and gas merger
business combination of Doral Energy Corporation and Pure Energy, which was effective
January 3, 2011.

With a business success program focused on non-operated oil and gas opportunities with
proven operators within the Permian Basin, Cross Border now controls over 800,000 gross
(approximately 300,000 net) mineral and oil and gas lease acres within the within the Permian
Basin, West Texas and New Mexico.
Many excellent new oil and gas plays including the 1st & 2nd Bone Springs acreage located in
Eddy and Lea Counties, New Mexico as well as more conventional plays that are producing oil
and gas from the Abo, Yeso, San Andres, and Wolfberry/Missberry formations in New Mexico
and West Texas are now targeted for expansion and production increases.

Cross Border Resources currently owns approximately 31,000 net acres.

Assets include:

Over 270,000 net mineral and lease acres in New Mexico and West Texas

31,000 acres (net) are within the prolific oil and gas Permian Basin

99% majority of this acreage consists of either owned mineral rights or

leases that are held by production

Highlights

The Company recognized a 65% increase in revenue for the three months ending
March 31, 2011. This was due primarily to increased production due to new wells added,
increased production brought on by the merger and an increase in price received for oil.

Total shareholder equity increased 158% to $12.9 million and the value of our oil and gas
properties increased 88% to $22.8 million due primarily to the increase in total oil and gas
reserves as a result of the merger, which increased the value of those reserves, as well as
CAPEX deployed during Q-1.

The Company did show a significant increase in total operating expenses. General &
Administrative (G&A) costs were $873,149 for the period ending March 31, 2011 compared to
$228,899 from the period ending March 31, 2010, recorded by the predecessor entity. In
addition, the current period costs include $255,000 in non-recurring expenses that are a result
of the merger and $30,492 of share-based compensation.

Adjusted EBITDA

In addition to reporting net earnings (loss) as defined by GAAP, the Company also reports net
earnings before interest, income taxes, depreciation, depletion and amortization (adjusted
EBITDA) which is a non-GAAP performance measure. Adjusted EBITDA of $507,404 was
calculated as follows:

Net Income(loss) $(154,916)

Interest expense and other 109,820
Income tax expense (benefit) (25,698)
 Accretion of asset retirement obligation 26,416
DD&A 584,290
Stock-based compensation 30,492
Adjusted EBITDA $ 507,404

A complete reconciliation of EBITDA to GAAP accounting standards can be found in the SEC
Form 10(Q).

Management Comments

Mr. Everett "Will" Gray II, CEO and Chairman, said:

"I am very pleased with the results of our first full quarter operating as
Cross Border Resources. Although the expenses related to the merger inflated
our total operating expenses, they were somewhat offset by the increase in
revenue that was the result of an increase in production and higher oil prices.

Most importantly, with the integration of the two companies into Cross Border
Resources substantially complete, the management team at Cross Border has
worked tirelessly to provide our shareholders with a platform that offers
substantial growth.

We are positioned to capitalize on the Bone Spring trend which is one of the
newest and hottest plays in the domestic oil and gas industry alongside the
development of more traditional producing formations such as the Abo,
Yeso, San Andres and Wolfberry/Missberry.

Our portfolio of opportunities provides exposure to both low-risk, low-cost,

predictable growth along with the more impactful results that come from
successful Bone Spring wells."

Mr. Gray went on to say:

"We continue to seek more non-operated opportunities in the Permian Basin,

which remains the most prolific hydrocarbon producing basin in the U.S., and we
believe the Company is uniquely positioned to provide our shareholders with
both near and long-term growth in production, reserves, revenue and cash flow."

About Cross Border Resources

Headquartered in San Antonio, Texas, Cross Border Resources is an oil and gas exploration
company focusing on non-operated opportunities with proven operators within the Permian
Basin.

Cross Border consists of over 800,000 gross (approximately 300,000 net) mineral and lease
acres within the state of New Mexico targeting various emerging plays including the 1st & 2nd
Bone Spring, and more conventional plays such as the Abo, Yeso, San Andres as well as our
Wolfberry acreage located in West Texas.

Cross Border Resources currently owns approximately 31,000 net acres within the Permian
Basin.
For More Information Contact:

Cross Border Resources, Inc.

Brad Holmes
Nine Greenway Plaza, Suite 550
Houston, Texas 77046

(713)654-4009 - office
(713)304-6962 - cell

b_holmes@att.net

---------------------------------
Forward Looking Statements: This news release contains forward-looking statements that are not historical facts and are
subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information
that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management.
Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions
or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural
gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be
found to be present when and if a project is actually developed. Actual results may differ materially from those currently
anticipated due to a number of factors beyond the reasonable control of the Company.

It is important to note that actual outcomes and the Company's actual results could differ materially from those in such
forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data,
inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies,
the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to
maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to
obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no
commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and
successful completion of development programs on all aforementioned prospects and leases.

Additional information on risks for the Company can be found in the Company's filings with the U.S. Securities and
Exchange Commission.

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