PRESS RELEASE

Mt. Airy, Louisiana – Pin Oak Holdings, LLC (“Pin Oak” or the “Company”) is pleased to announce that Carlos Munguia has been appointed Vice President of Operations of the Company, effective immediately. Mr. Munguia joins Pin Oak after a 30+ year career in the terminal business and recently held the post of Vice President of Operations for the Northern Area (Midwest and Northeast Regions) at Kinder Morgan Inc. Mr. Munguia brings an extensive background designing, constructing, and operating marine and pipeline connected liquid terminals and successfully managed construction and operations of numerous terminals across the U.S.

“Carlos is the ideal candidate for Pin Oak in that he has a long and successful background in construction and operations which ensures that Pin Oak Terminals will be constructed on schedule and to the specifications our customers and the market desire,” said Mike Reed, CEO of Pin Oak. “We are excited to bring this level of experience onto the executive team and know that Pin Oak Terminals will be the ideal hub for customers on the Mississippi River and the Gulf Coast.”

Mr. Munguia commenting on his arrival, “What Pin Oak is building in Louisiana and North America is a true midstream platform and a sustainable terminal logistics business that will be the premium location for customers,” said Mr. Munguia. “The same strict standards I have historically implemented will be brought to Pin Oak, which includes high safety and operational requirements to ensure the protection of our employees and the community and giving our customers optimal performance.”

About Pin Oak

Pin Oak is a terminal company and is constructing a liquid and chemicals storage terminal, Pin Oak Terminals, on 431 acres along the Mississippi River in Mt. Airy, Louisiana. Pin Oak Terminals provides its customers with complete optionality through ship, pipeline, truck, and rail access. It will serve North America’s growing crude, refined product, and chemical industries and is strategically located next to major supply networks, demand centers, and export markets. Pin Oak will look to expand its footprint through the development and acquisition of additional terminals throughout North America.

Contact: Tammy Milioto (985) 224 ‐ 7223