Osage Exploration and Development, Inc., a US independent oil and gas exploration and production company focused in Colombia, declares that the Company's Rosablanca joint venture has received notification from the Colombian Environmental Ministry that the Environmental Permit for the project has been issued.

"The award of the Environmental permit paves the way for drilling the first well in our large structure at Rosablanca. The environmental application included the first three well sites, so permits are in hand to move on to Rosablanca-2 when we are ready. This exploration program complements our existing Colombian production at the Guaduas Field very well and provides us the leveraged opportunity to rapidly grow our operations, which is why we chose to focus on Colombia in the first place," stated Kim Bradford, President and CEO.

"The Environmental permit has been anticipated for some time, but the activity level in Colombia since Osage has been involved there has reached boom proportions with both the Ministry of Mines and the ANH literally buried under applications. The high level of professionalism in the Colombian agencies is very evident, but patience is required when the workload is as heavy as it is now in Colombia," stated Greg Franklin, VP Exploration.