2011-06-24-2011-06-16-2011-06-16

Bought 10% WI in 320 acres in Big Star Six Shooter project targeting W TX Permian Wolfberry trend.

Cross Border Resources Inc., San Antonio, Texas, (OTCQX: XBOR) has acquired 10% working interest in 320 acres in the Big Star Six Shooter project in West Texas from an undisclosed seller for an undisclosed price.

The assets target the Wolfberry trend in Dawson County. Cross Border plans to acquire an additional 480 gross acres within the Six Shooter project, sometime later this year. The company will participate in the first well, scheduled to spud this month on a one-third for a one-fourth promoted basis. The entire Big Star Six Shooter project covers approximately 800 acres in the Wolfberry along the eastern shelf of the Midland Basin. The trend encompasses the Sprayberry/Dean, Wolfcamp, Canyon, Strawn, and Mississippian formations.

Cross Border chairman and chief executive E. Will Gray II says, "We're pleased to have this opportunity to increase our interest in the Permian Basin's unconventional Wolfberry Trend. We believe the Wolfberry has great promise and our initial results in the nearby Tres Amigos project, also targeting the Wolfberry, have been encouraging."