WEBSITE: www.cubicenergyinc.com
E-MAIL: ir@cubicenergyinc.com


INFORMATION: Tate Renteria
(972) 686-0369
(972) 681-8047

  


PRESS RELEASE

NASDAQ:OTC:BB:/QBIK

Cubic Energy, Inc. 2003 Annual Shareholders Meeting

For immediate release, May 29, 2003-Cubic Energy, Inc., of Dallas, TX announced today that the Company will hold its Annual Shareholder Meeting on Monday, June 2, 2003, at 10:00A at the Hilton Minneapolis North Hotel in Brooklyn Center, MN. All current and future shareholders are encouraged to attend. The topics of the meeting will be the addition of an all new Director, Herbert Bayer, the Prospects the Company is and will be participating in and future operations.

If you have any questions regarding the meeting please contact our Shareholder Relations department at the above number.


This press release includes statements, which may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect", or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in mineral prices, the availability of capital for development of mineral projects and other projects, acceptance of the Companies' products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Companies' periodic report filings with the "Securities and Exchange Commission". By making these forward-looking statements, the companies undertake no obligation to update these statements for revision or changes after the date of this release.