March 10, 2009
Mogul Energy International Inc.
Attention: Naeem Tyab
As I advised you earlier today, I am tendering my resignation as Chief Financial Officer and Director of Mogul Energy International Inc. effective today. I will no longer act in any official or professional capacity for Mogul, but I will remain available to effect a smooth transition on an as-requested basis.
Sincerely,
William R. Smith, CMA