Holloman Energy -- Cooper Basin Update

HOUSTON, April 22, 2010 (GLOBE NEWSWIRE) -- In August 2009, Holloman Energy
Corporation (OTCBB:HENC) retained Macquarie Tristone to assist in finding a
joint venture partner to share all, or part, of the costs of exploring and
developing its Cooper Basin concessions.

Holloman established data rooms where technical, environmental and economic
information related to its Cooper Basin holdings was made available to qualified
parties. Access to data rooms began January 14, 2010 under strict
confidentiality agreement. Non-binding joint venture proposals were solicited
March 9, 2010.

Holloman has received multiple offers or firm expressions of interest from
potential joint venture partners as a result of this process. Holloman is
currently reviewing and responding to the content of these proposals to
determine which, if any, are acceptable. Holloman is under no obligation to
complete any proposed transaction.

About Holloman Energy

Holloman Energy Corporation is focused on exploring and producing oil in
Australia's Cooper Basin. Holloman's Cooper Basin leases include interests in
PEL 112 and PEL 444 which comprise 4,544 Sq km (1.125 million acres) in the
southwest and northwest sectors of Australia's prolific Cooper -- Eromanga
Basin.

Forward-Looking Statements: This press release includes forward-looking
statements as determined by the U.S. Securities and Exchange Commission (the
"SEC"). All statements, other than statements of historical facts, included in
this press release that address activities, events, or developments that the
Company believes or anticipates will or may occur in the future are
forward-looking statements. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors, which may cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements. Such factors include general economic and
business conditions, the ability to acquire and develop specific projects, the
ability to fund operations and changes in consumer and business consumption
habits and other factors over which the Company has little or no control. The
Company does not intend (and is not obligated) to publically update any
forward-looking statements. The contents of this press release should be
considered in conjunction with the warnings and cautionary statements contained
in the Company's recent filings with the SEC.

ON BEHALF OF THE BOARD OF DIRECTORS
Holloman Energy Corporation
http://www.hollomanenergy.com

CONTACT: Holloman Energy Corporation
Grant Petersen
(778) 999-9740