COLUMBUS, Ohio — August 19, 2008 — Capital City Energy Group, Inc. (OTCBB: CETG), announced today that it will be hosting a conference call to discuss the current state of the company. The call will take place on Thursday, August 21st, 2008 at 2:00 PM EST. Tim Crawford, Chief Executive Officer of Capital City Energy Group, will discuss several topics including the company's market potential, growth initiatives, recent news, and milestones that investors should be aware of.

• To dial in and listen to the conference call on Thursday, please dial 1-866-706-1343. The Conference Entry Code is 652022. There will also be a digital replay made available for anyone unable to listen to the live teleconference. The replay telephone number is 1-800-332-6854 or 1-973-528-0005 and the Entry Code for it is also 652022. The digital replay will be available until September 2, 2008.

"We would like to invite all of our current and future investors to the Capital City Energy Group conference call on Thursday, August 21st," stated Tim Crawford, CEO of Capital City Energy Group, "It will be an exciting opportunity to discuss many of the recent events and the future direction of our company. We are expecting this to be an open forum and I welcome any questions that our loyal investors may have."

About Capital City Energy Group, Inc.

Based in Columbus, Ohio, Capital City is a diversified oil and natural gas company with three separate divisions. Capital City is evolving from being an innovative leader in the design, management and sponsorship of retail and institutional direct participation energy programs to become one of the few vertically integrated independent oil & natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. For more information, please visit Capital City Energy Group at www.capcityenergy.com.

Safe Harbor Statement: Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of our officers and directors during presentations about our energy funds, along with Capital City Energy Group's filings with the Securities and Exchange Commission, including the Company's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-KSB, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "could," "might," "believes," "seeks," "estimates" or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by the Company's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Capital City Energy Group, its technology, economic and market factors and the industries in which the Company does business, among other things. These statements are not guarantees of future performance and Capital City Energy Group, Inc. undertakes no specific obligation or intention to update these statements after the date of this release.

Contacts
CEOcast, Inc. for Capital City Energy Group, Inc.
Daniel Schustack, 212-732-4300


============================