The Board of Directors of the Cardinal Energy Group, Inc. announced corporate changes in the company's management and Board of Directors. J. Richard (Rick) Iler has been appointed as the company's Chief Financial Officer effective on January 19, 2018. Mr. Iler has been a financial and accounting professional experienced in both public and privately held early stage companies for over 30 years, serving as a Chief Financial Officer of various technology companies.

He has extensive capital markets, corporate finance, and venture capital experience. He has served as a board member and corporate secretary responsible for, corporate governance, shareholder communications and investor relations. Mr. John Jordan has submitted his resignation as a Director of the company, effective on January 19, 2018.

Mr. Jordan has decided to retire from corporate duties after 48 years in the oil and gas business and devote his time to his extensive family and to his volunteer work with US veterans. The company has officially severed all relationships with Mr. Tim Crawford effective on January 19, 2018. Mr. Crawford has been aiding the new management of the company to locate documents for the 2016 audit since he resigned on July 31, 2017 as Director and Chief Executive Officer.

Mr. Crawford maintained a consulting-based relationship only through the transition into new management and that relationship has now been terminated by the board.