KLR Energy Acquisition Corp. Class A Common Stock and Warrants to Commence Separate Trading

HOUSTON, March 28, 2016

The Shares and Warrants will trade on the NASDAQ Capital Market ("NASDAQ") under the symbols KLRE and KLREW, respectively.  Units not separated will continue to trade on NASDAQ under the symbol KLREU.

A registration statement relating to these units and the underlying securities has been declared effective by the Securities and Exchange Commission on March 10, 2016. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made only by means of a prospectus. Copies of the prospectus related to this offering may be obtained from EarlyBirdCapital, Attn.: Syndicate Department, 366 Madison Avenue, 8^th Floor, New York, NY 10017, email: jcarter@ebcap.com, tel: (212) 661-0200. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.

About KLR Energy

KLR Energy is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The Company's efforts to identify a target business will not be limited to a particular industry or geographic region, although it intends to focus efforts on seeking a business combination with a company or companies in the oil and gas exploration and production industry. KLR Energy is being sponsored by KLR Energy Sponsor, LLC, an affiliate of KLR Holdings, LLC.

Forward-Looking Statements