Sonoran Energy Retains Global Investments & Banking Corporation to Lead Financing of Caspian and Middle East Projects.

Energy Editors/Business Editors

LOS ANGELES--(BUSINESS WIRE)--June 8, 2004

Sonoran Energy, Inc. (OTCBB:SNRN) President and CEO Peter Ostenfeld-Rosenthal announced today that the Company has retained international financiers Global Investments & Banking Corporation to assist with its on-going project funding requirements. Global Investments & Banking Corporation (GIBC) has successfully raised financing for numerous projects ranging from large-scale ventures in Europe, Asia and the Middle East and several public companies to the recent high profile Beijing Eye Project, the $100 million 210-metre ferris wheel being constructed for the 2008 Olympic Games.

"We are extremely pleased to have secured a first class financing partner in GIBC to help us with our on-going project financing," said Peter Ostenfeld-Rosenthal. "GIBC's experience and success in financing projects in Asia and the Middle East will be key as we move forward with our projects in the Caspian region and the Middle East."

"Sonoran Energy's strategy to aggressively capture market share in the some of the more volatile but prosperous oil and gas markets of the world is very attractive to the global investment community," said Greg Burnard, GIBC'S Chief Executive Officer. "This combined with Sonoran's top-level management team leads us to believe that financing the Company's projects in the Middle East, Caspian and North America will be a success."

Sonoran Energy also announced that the Company's Board of Directors will not be renewing its consulting contract for business management services with Camden Holdings Inc. and its president Mark Roy Anderson. The Board of Directors made the decision following an extensive review by Sonoran Energy CEO Peter Ostenfeld-Rosenthal of the performance of Camden Holdings and the working relationship with Camden and its owner Mr. Anderson.

About Sonoran Energy

Sonoran Energy, Inc. is an independent oil and gas company with a presence in Iraq, Jordan, Norway and North America. The Company intends to build a portfolio of high producing oil and gas fields in the Middle East and the Caspian Region - with production potential in excess of 50,000 barrels of oil per day (BOEPD), and is pursuing material and high value global oil and gas upstream opportunities. Sonoran Energy is concurrently pursuing high value upstream opportunities in North America.

Stock Symbol: (OTCBB:SNRN)

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.