Matrix Statement on Rowena Field, Runnel County, TX

Matrix announces an update on activities associated with its 70% non-operated, working interest in the Rowena Field, Runnel County, Texas. The property, operated by JVA, acquired effective June 1, 2010 has two active wells on an approximate leasehold of 1200 acres. The operator, JVA, successfully tested the Ellenburger Formation in February, 2011 in Lange 1U. The Ellenburger test expands the potential of the field which is producing approximately 19 BOPD/190 MCFD net to Matrix. Additional Ellenburger tests are planned in late summer, 2011.