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PRESS RELEASE

PETROX RESOURCES CORPORATE UPDATE


For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – September 1, 2015. Petrox Resources Corp. (TSXV: PTC) (the "Corporation") confirms that the amalgamation agreement providing for the proposed amalgamation transaction between the Corporation and Shanghai Sinooil Energy Holding Corporation previously announced in the Corporation's press release dated March 31, 2015 has expired and is now terminated. The termination of this proposed amalgamation was due to a number of factors, including the substantial drop in the oil price and the volatility of the oil market since the fall of 2014.

The Corporation's shares will re-commence trading on the TSX Venture Exchange at market open on September 3, 2015.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca


Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
PETROX RESOURCES ANNOUNCES EXTENSION TO THE EXPIRY DATE FOR PROPOSED AMALGAMATION
*** CORRECTED PRESS RELEASE ***

Calgary, Alberta – March 31, 2015.
Read More...

For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – March 31, 2015. Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that the Amalgamation Agreement providing for the proposed amalgamation transaction between the Corporation and Shanghai Sinooil Energy Holding Corporation ("Shanghai Energy"), which was to have expired on March 31, 2015, has been extended to expire on August 31, 2015, with a proposed closing date of June 30, 2015.

Pursuant to the Amalgamation Agreement, it is proposed that Petrox will amalgamate with Shanghai Energy Corporation, the wholly-owned Alberta subsidiary of Shanghai Energy, to form a new Alberta corporation ("Amalco") and all holders of common shares of Petrox ("Petrox Shares") will receive $0.30 for each Petrox Share held by them.

The respective obligations of Petrox and Shanghai Energy to complete the Amalgamation contemplated by the Amalgamation Agreement are subject to a number of conditions which must be satisfied or waived in order for the Amalgamation to become effective, including the receipt by Shanghai Energy of financing required to pay the purchase price for the securities, the receipt of all required shareholder, regulatory and third party consents, including the approval from the TSX Venture Exchange to delist the shares of Petrox, that not more than 10% of the issued and outstanding Petrox Shares shall have exercised rights of dissent in relation to the Amalgamation and satisfaction of other customary closing conditions. The Amalgamation cannot close until the required conditions are either satisfied or waived. There can be no assurance that the Amalgamation will be completed as proposed or at all, or that the implementation of the Amalgamation will not be delayed. Shareholder approval for the Amalgamation was obtained at the meeting of the shareholders of Petrox on December 17, 2014.

After completion of the Amalgamation, Petrox will apply to delist the Petrox Shares from the TSX Venture Exchange and to have Petrox removed as a reporting issuer in each jurisdiction of Canada where it currently has reporting issuer status.

About Petrox
Petrox is a public Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. Petrox has assembled approximately 32 sections of 100% working interest lands in the emerging Viking light oil play in the Halkirk and Battle areas of central Alberta. Petrox also has a production property in Fletwode, Saskatchewan that produces approximately 40 boe/d.

About Shanghai Energy
Shanghai Sinooil Energy Holding Corporation is a wholly owned subsidiary of China Energy Reserve and Chemicals Group of China. It is a vertically integrated natural gas company with a number of subsidiaries throughout China. Shanghai Energy's businesses include operating two natural gas transportation companies with over 500 specialized transport vehicles for transporting both CNG & LNG, the construction of natural gas pipeline networks, and it is involved in the field of shale gas exploration and development. The company is also involved in the trading of fuel, lubricants, liquefied petroleum gas, liquefied natural gas and other oil and gas products in both domestic and international markets.

*** This is a corrected press release. The original press release incorrectly stated that shareholder approval for the Amalgamation was obtained at the meeting of the shareholders of Petrox on December 17, 2015. The correct date was December 17, 2014. ***

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca


Reader Advisory
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the completion of the conditions precedent to entering into of the Amalgamation documents and the completion of the Amalgamation (including receipt of required approvals), the timing and entering into of Amalgamation documents for the Amalgamation and the timing of the completion of the Amalgamation. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in the prices of oil and natural gas; governmental regulation of the oil and gas industry, including environmental regulation; unanticipated operating events or performance which can reduce production or cause production to be shut in or delayed; failure to obtain industry partner and other third party consents and approvals, if and when required; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands, skilled personnel and supplies; geological, technical, drilling, processing and transportation problems; changes in tax laws and incentive programs relating to the oil and gas industry; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
PETROX RESOURCES ANNOUNCES SHAREHOLDER APPROVAL OF PROPOSED AMALGAMATION

Calgary, Alberta – December 17, 2014.
Read More...

For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – December 17, 2014. Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that the proposed amalgamation transaction (the "Amalgamation") with Shanghai Sinooil Energy Holding Corporation ("Shanghai Energy"), previously announced on July 18, 2014, September 3, 2014 and November 14, 2014, has been approved by the shareholders of Petrox.

Pursuant to the Amalgamation Agreement, Petrox will amalgamate with Shanghai Energy Corporation, the wholly-owned Alberta subsidiary of Shanghai Energy, to form a new Alberta corporation ("Amalco") and all holders of common shares of Petrox ("Petrox Shares") will receive $0.30 for each Petrox Share held by them.

The respective obligations of Petrox and Shanghai Energy to complete the Amalgamation contemplated by the Amalgamation Agreement are subject to a number of conditions which must be satisfied or waived in order for the Amalgamation to become effective, including the receipt by Shanghai Energy of financing required to pay the purchase price for the securities, the receipt of all required shareholder, regulatory and third party consents, including the approval from the TSX Venture Exchange to delist the shares of Petrox, that not more than 10% of the issued and outstanding Petrox Shares shall have exercised rights of dissent in relation to the Amalgamation and satisfaction of other customary closing conditions. The Amalgamation cannot close until the required conditions are either satisfied or waived. There can be no assurance that the Amalgamation will be completed as proposed or at all, or that the implementation of the Amalgamation will not be delayed.

Closing of the Amalgamation had been scheduled to occur on or about December 17, 2014; however, a number of conditions, including delivery by Shanghai Energy of funds to pay for the securities, have yet to be met. Closing will therefore be delayed.

After completion of the Amalgamation, Petrox will apply to delist the Petrox Shares from the TSX Venture Exchange and to have Petrox removed as a reporting issuer in each jurisdiction of Canada where it currently has reporting issuer status.

About Petrox
Petrox is a public Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. Petrox has assembled approximately 32 sections of 100% working interest lands in the emerging Viking light oil play in the Halkirk and Battle areas of central Alberta. Petrox also has a production property in Fletwode, Saskatchewan that produces approximately 40 boe/d.

About Shanghai Energy
Shanghai Sinooil Energy Holding Corporation is a wholly owned subsidiary of China Energy Reserve and Chemicals Group of China. It is a vertically integrated natural gas company with a number of subsidiaries throughout China. Shanghai Energy's businesses include operating two natural gas transportation companies with over 500 specialized transport vehicles for transporting both CNG & LNG, the construction of natural gas pipeline networks, and it is involved in the field of shale gas exploration and development. The company is also involved in the trading of fuel, lubricants, liquefied petroleum gas, liquefied natural gas and other oil and gas products in both domestic and international markets.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca


Reader Advisory
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the completion of the conditions precedent to entering into of the Amalgamation documents and the completion of the Amalgamation (including receipt of required approvals), the timing and entering into of Amalgamation documents for the Amalgamation and the timing of the completion of the Amalgamation. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in the prices of oil and natural gas; governmental regulation of the oil and gas industry, including environmental regulation; unanticipated operating events or performance which can reduce production or cause production to be shut in or delayed; failure to obtain industry partner and other third party consents and approvals, if and when required; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands, skilled personnel and supplies; geological, technical, drilling, processing and transportation problems; changes in tax laws and incentive programs relating to the oil and gas industry; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
PETROX RESOURCES ANNOUNCES PROPOSED AMALGAMATION

Calgary, Alberta – November 14, 2014.
Read More...

For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – November 14, 2014. Petrox Resources Corp. (TSXV: PTC) ("Petrox"), further to its press releases dated July 18, 2014 and September 3, 2014, is pleased to announce that it has signed an amalgamation agreement dated November 14, 2014 (the "Amalgamation Agreement") with Shanghai Sinooil Energy Holding Corporation ("Shanghai Energy"), which will form the basis upon which Petrox and Shanghai Energy will combine their businesses (the "Amalgamation"). This is an arm's length transaction.

Pursuant to the Amalgamation Agreement, Petrox will amalgamate with Shanghai Energy Corporation, the wholly-owned Alberta subsidiary of Shanghai Energy, to form a new Alberta corporation ("Amalco") and all holders of common shares of Petrox ("Petrox Shares") will receive $0.30 for each Petrox Share held by them. Upon completion of the Amalgamation, Petrox will have amalgamated with SubCo to form Amalco and Shanghai Energy will be the sole shareholder of Amalco.

After completion of the Amalgamation, Petrox will apply to delist the Petrox Shares from the TSX Venture Exchange and to have Petrox removed as a reporting issuer in each jurisdiction of Canada where it currently has reporting issuer status.

Closing of the Amalgamation has been scheduled to occur on or about December 17, 2014; however, the respective obligations of Petrox and Shanghai Energy to complete the Amalgamation contemplated by the Amalgamation Agreement are subject to a number of conditions which must be satisfied or waived in order for the Amalgamation to become effective, including the receipt by Shanghai Energy of financing required to pay the Purchase Amount, the receipt of all required shareholder, regulatory and third party consents, including the approval from the TSX Venture Exchange to delist the shares of Petrox, that not more than 10% of the issued and outstanding Petrox Shares shall have exercised rights of dissent in relation to the Amalgamation and satisfaction of other customary closing conditions. The Amalgamation cannot close until the required conditions are either satisfied or waived. There can be no assurance that the Amalgamation will be completed as proposed or at all, or that the implementation of the Amalgamation will not be delayed.

Wentao Yang and Xiaobo Deng have resigned from the Corporation's board of directors effective November 12, 2014, and have been appointed to the board of directors of Shanghai Energy Corporation. The board of Petrox expresses its sincere thanks to Mr. Yang and Ms. Deng for their contributions as directors of Petrox.

About Petrox
Petrox is a public Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. Petrox has assembled approximately 32 sections of 100% working interest lands in the emerging Viking light oil play in the Halkirk and Battle areas of central Alberta. Petrox also has a production property in Fletwode, Saskatchewan that produces approximately 40 boe/d.

About Shanghai Energy
Shanghai Sinooil Energy Holding Corporation is a wholly owned subsidiary of China Energy Reserve and Chemicals Group of China. It is a vertically integrated natural gas company with a number of subsidiaries throughout China. Shanghai Energy's businesses include operating two natural gas transportation companies with over 500 specialized transport vehicles for transporting both CNG & LNG, the construction of natural gas pipeline networks, and it is involved in the field of shale gas exploration and development. The company is also involved in the trading of fuel, lubricants, liquefied petroleum gas, liquefied natural gas and other oil and gas products in both domestic and international markets.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca


Reader Advisory
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the completion of the conditions precedent to entering into of the Amalgamation documents and the completion of the Amalgamation (including receipt of required approvals), the timing and entering into of Amalgamation documents for the Amalgamation and the timing of the completion of the Amalgamation. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in the prices of oil and natural gas; governmental regulation of the oil and gas industry, including environmental regulation; unanticipated operating events or performance which can reduce production or cause production to be shut in or delayed; failure to obtain industry partner and other third party consents and approvals, if and when required; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands, skilled personnel and supplies; geological, technical, drilling, processing and transportation problems; changes in tax laws and incentive programs relating to the oil and gas industry; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
PETROX RESOURCES CORPORATE UPDATE

Calgary, Alberta – October 24, 2014.
Read More...

For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – October 24, 2014. Petrox Resources Corp. (TSXV: PTC) ("Petrox") confirms that the letter of intent for the purchase of producing properties in Alberta originally announced on July 8, 2014 has expired. Petrox intends to continue its search for viable producing oil and gas properties for potential acquisition.

Petrox's discussions to complete an arm's length business combination with a private entity based in Shanghai, China are ongoing (the "Transaction"). Trading of the Petrox Shares has been halted and will not resume until certain TSX Venture Exchange requirements with respect to the Transaction have been satisfied.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca


Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
PETROX RESOURCES ANNOUNCES EXTENSION OF LOI FOR THE PROPOSED ACQUISITION OF THE CORPORATION

Calgary, Alberta – October 14, 2014.
Read More...

For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – October 14, 2014. Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that, further to its news release of September 3, 2014 in which Petrox announced the assignment of a conditional, non-binding letter of intent on involving an arm's length business combination (the "Transaction") with a private entity from the People's Republic of China, the target date for entering into a definitive agreement for the Transaction has been amended to November 30, 2014.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca


Reader Advisory
Trading of the Petrox Shares will remain halted pending receipt and review by the TSX Venture Exchange of acceptable documentation regarding the Transaction. The proposed Transaction has not been approved by the TSX Venture Exchange and remains subject to TSX Venture Exchange approval.

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance. The Transaction cannot close until the required approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
PETROX RESOURCES ANNOUNCES EXTENSION OF LOI TO PURCHASE PRODUCING PROPERTIES

Calgary, Alberta – September 18, 2014.
Read More...

For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – September 18, 2014. Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that the deadline to reach a definitive agreement for the purchase of producing properties in Alberta (the "Properties") under the letter of intent announced on July 8, 2014 has been extended. Petrox and the vendor of Properties have agreed to negotiate on a non-exclusive basis until October 9, 2014, or such later date as agreed to by the parties, with a view to reaching acceptable terms of a binding agreement pursuant to which Petrox hopes to acquire the Properties. The target closing date has been revised to November 14, 2014. The letter of intent continues to be non-binding and subject to a number of conditions.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca


Reader Advisory
Trading of the Petrox Shares will remain halted pending receipt and review by the TSX Venture Exchange of acceptable documentation regarding the Transaction. The proposed Transaction has not been approved by the TSX Venture Exchange and remains subject to TSX Venture Exchange approval.

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance. The Transaction cannot close until the required approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
PETROX RESOURCES ANNOUNCES THE ASSIGNMENT OF LOI FOR THE PROPOSED ACQUISITION OF THE CORPORATION

Calgary, Alberta – September 3, 2014.
Read More...

For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – September 3, 2014. Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that, further to its news release of July 18, 2014 in which Petrox announced that it has entered into a conditional, non-binding letter of intent (the "LOI") involving an arm's length business combination (the "Transaction") with a private entity from the People's Republic of China, this private entity has now assigned all of its rights and obligations under the LOI to its majority shareholder, a company based in Shanghai, China (the "Shanghai Company"). With this assignment, the target date for entering into a definitive agreement for the Transaction has been amended to October 9, 2014 and the target closing date has been amended to November 29, 2014.

In addition, Petrox announced on July 8, 2014 that it had entered into a conditional, non-binding letter of intent which sets out the basis upon which the parties will negotiate exclusively until September 2, 2014 with a view to reaching acceptable terms of a binding agreement pursuant to which Petrox hopes to acquire certain producing properties in Alberta (the "Properties"). Petrox is now in discussion with the vendor of the Properties, hoping to extend the date to reach acceptable terms of a binding agreement to a later date.

Trading of the Petrox Shares has been halted and will not resume until certain TSX Venture Exchange requirements have been satisfied. Petrox will issue a further new release as soon as further details are available regarding the resumption of trading and the Transaction.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca


Reader Advisory
This press release should not be considered a comprehensive summary of the terms of the Transaction described above. Additional information may be required by the TSX Venture Exchange and may be disseminated at a future date following a satisfactory review by the TSX Venture Exchange.

Trading of the Petrox Shares will remain halted pending receipt and review by the TSX Venture Exchange of acceptable documentation regarding the Transaction. The proposed Transaction has not been approved by the TSX Venture Exchange and remains subject to TSX Venture Exchange approval.

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance. The Transaction cannot close until the required approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the completion of the conditions precedent to entering into of the transaction documents and the completion of the Transaction (including receipt of TSX Venture Exchange approval), the timing and entering into of transaction documents for the Transaction and the timing of the completion of the Transaction. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in the prices of oil and natural gas; governmental regulation of the oil and gas industry, including environmental regulation; unanticipated operating events or performance which can reduce production or cause production to be shut in or delayed; failure to obtain industry partner and other third party consents and approvals, if and when required; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands, skilled personnel and supplies; geological, technical, drilling, processing and transportation problems; changes in tax laws and incentive programs relating to the oil and gas industry; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
PETROX RESOURCES ANNOUNCES THE PROPOSED ACQUISITION OF THE CORPORATION

Calgary, Alberta – July 21, 2014.
Read More...

For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – July 21, 2014. Petrox Resources Corp. (TSXV: PTC) ("Petrox") is pleased to announce that it has entered into a conditional and non-binding letter of intent which contemplates an arm's length business combination (the "Transaction") with a private entity from the People's Republic of China. It is currently contemplated that the Transaction will involve the acquisition of all of the issued and outstanding common shares of Petrox ("Petrox Shares") at a price of $0.30 per share. Upon completion of the Transaction, it is expected that the Petrox Shares will be delisted from the TSX Venture Exchange. There is no assurance that a binding agreement will be achieved or that the proposed Transaction will be completed as proposed or at all.

The Transaction is subject to a number of conditions precedent including, without limitation, completion of satisfactory due diligence, receipt of all required corporate and regulatory approvals (including the approval of the TSX Venture Exchange), Petrox entering into a definitive agreement for the acquisition of the oil and gas producing properties as announced in Petrox's news release of July 8, 2014, and the negotiation and execution of transaction documents for the Transaction on or before September 2, 2014. Trading of the Petrox Shares has been halted and will not resume until certain TSX Venture Exchange requirements have been satisfied. Petrox will issue a further new release as soon as further details are available regarding the resumption of trading and the Transaction. The target closing date for the proposed Transaction will be sometime in the fall of 2014.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca


Reader Advisory
This press release should not be considered a comprehensive summary of the terms of the Transaction described above. Additional information may be required by the TSX Venture Exchange and may be disseminated at a future date following a satisfactory review by the TSX Venture Exchange. Trading of the Petrox Shares will remain halted pending receipt and review by the TSX Venture Exchange of acceptable documentation regarding the Transaction. The proposed Transaction has not been approved by the TSX Venture Exchange and remains subject to TSX Venture Exchange approval. Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance. The Transaction cannot close until the required approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the completion of the conditions precedent to entering into of the transaction documents and the completion of the Transaction (including receipt of TSX Venture Exchange approval), the timing and entering into of transaction documents for the Transaction and the timing of the completion of the Transaction. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in the prices of oil and natural gas; governmental regulation of the oil and gas industry, including environmental regulation; unanticipated operating events or performance which can reduce production or cause production to be shut in or delayed; failure to obtain industry partner and other third party consents and approvals, if and when required; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands, skilled personnel and supplies; geological, technical, drilling, processing and transportation problems; changes in tax laws and incentive programs relating to the oil and gas industry; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




PRESS RELEASE
PETROX ADDRESSES INCREASED TRADING IN ITS COMMON SHARES AND ANNOUNCES LETTER OF INTENT

Calgary, Alberta – July 8, 2014.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – July 8, 2014. Petrox Resources Corp. (TSXV: PTC) (the "Corporation" or "Petrox") is issuing this press release in response to heightened market activity last week after discussions with the TSXV. Petrox has entered into a highly conditional and non-binding letter of intent pursuant to which the parties have set out the basis upon which they will negotiate exclusively until September 2, 2014 with a view to reaching acceptable terms of a binding agreement pursuant to which Petrox hopes to acquire certain producing properties in Alberta for a purchase price of $77,500,000. There is no assurance that a binding agreement will be achieved or the prospective transaction will be consummated.

According to a report prepared for the vendor by its independent qualified reserve evaluator, GLJ Petroleum Consultants Ltd., dated December 31, 2013, the properties are sweet, liquid rich gas producing properties producing as of March 31, 2014 approximately 1,376 BOE per day, consisting of 5,500 Mcf/d gas and 460 bbl/d of liquids.

Conditions include but are not limited to, the entering into a binding purchase agreement, financing, approval of the boards of directors of both parties and the completion of satisfactory due diligence by the Corporation.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: 403-270 – 2290 or 403-237 - 8330
Facsimile: 403-228 - 3013
Website: www.petroxresources.ca

BOEs may be misleading particularly if used in isolation. A BOE conversions ratio of 6 Mcf:1 bbl is based on an energy conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.

Neither the TSX Venture nor its regulation services provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this press release.




PRESS RELEASE
PETROX, QINGDAO TO BUILD LNG PLANT IN ALBERTA

Calgary, Alberta – June 19, 2014.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – June 19, 2014. Petrox Resources Corp. (TSXV: "PTC") (the "Corporation") is pleased to announce that it has entered into a co-operation framework agreement with Qingdao Sinoenergy Corporation of China ("Qingdao Sinoenergy") and Asiafic Clean Energy Limited of Hong Kong ("Asiafic") to establish an Alberta joint venture company, Gascana AB Energy Ltd. ("Gascana AB"), with the objective of which will be the construction of a LNG liquefaction plant in Alberta with a daily production capacity of 2,950 tonnes (150 MMCF). Asiafic is a wholly owned subsidiary of Qingdao Sinoenergy.

Initially, the Corporation will have a 10% equity interest in the joint venture and will be responsible for the implementation of the project, including obtaining the necessary regulatory approvals for the construction of the LNG plant, obtaining utility supplies, and other project planning and development activities. Asiafic will have 90% equity interest in the joint venture and will be responsible for obtaining the upstream natural gas supply and purchasing the land for the plant. Gascana AB will be responsible for the construction of the plant, applications to related authorities and engineering design of the plant.

About Qingdao Sinoenergy
Qingdao Sinoenergy is a clean energy operating company in China. The company is in the business of exploring and developing natural gas resources, investing and operating LNG terminals and LNG plants, processing and distributing CNG/LNG, building and operating CNG/LNG filling stations, and supplying natural gas or LNG to large industrial clients. The company is also engaged in the manufacturing of natural gas storage and transportation equipment and CNG/LNG conversion kits for vehicles.

Reader Advisory
Statements included in this press release that are not historical facts may be considered "forward looking statements". All estimates and statements that describe the Company's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 – 3013
www.petroxresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



PRESS RELEASE
PETROX RESOURCES ANNOUNCES THE ACQUISITION OF PRODUCING PROPERTIES

Calgary, Alberta – May 21, 2014.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – May 21, 2014. Petrox Resources Corp. (TSXV: PTC) (the "Corporation" or "Petrox") is pleased to announce that, further to its news release of March 26, 2014, the Corporation has now entered into a definitive sale and purchase agreement for the acquisition of certain oil and gas properties located in the Fletwode area of Saskatchewan. These properties include six oil producing wells with a combined producing rate of approximately 40 barrels per day.

The target closing date for this acquisition is May 31, 2014, with an effective date of April 1, 2014.

"We are very excited about this acquisition. This will be a very positive step for the development of the company. This acquisition will provide the much needed cash flow for Petrox while it continues to pursue other opportunities," said Edwin Tam, the President and CEO of Petrox.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: 403-270 – 2290 or 403-237 - 8330
Facsimile: 403-228 – 3013
www.petroxresources.ca


Neither the TSX Venture nor its regulation services provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this press release.



PRESS RELEASE
PETROX ANNOUNCES PROPOSED ACQUISITION OF PRODUCING PROPERTIES

Calgary, Alberta – March 26, 2014.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – March 26, 2014. Petrox Resources Corp. (TSXV: "PTC") (the "Corporation") is pleased to announce that it has entered into a preliminary agreement for the proposed acquisition by the Corporation from an arm's length party of certain oil and gas properties located in Saskatchewan (the "Acquisition"). These properties include six producing wells and associated facilities which had a combined producing oil rate of approximately 40 barrels per day in the year 2013.

The Acquisition is subject to a number of conditions precedent including, but not limited to, the entering into of a definitive sale and purchase agreement by the parties on or before May 20, 2014 and the completion of satisfactory due diligence by the Corporation.

The target closing date for the proposed acquisition is May 31, 2014.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 228 – 3013
www.petroxresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
PETROX ANNOUNCES RESIGNATION OF DIRECTOR

Calgary, Alberta – January 27, 2014.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – January 27, 2014. Petrox Resources Corp. (TSXV: PTC) ("Petrox" or the "Corporation"), announces that Glenn Cartier has resigned from the Corporation's board of directors effective January 16, 2014. The board of Petrox expresses its sincere thanks to Mr. Cartier for his efforts and contributions as a director of Petrox.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Alan Chan, CFO
Telephone: 403-237-8330
Facsimile: 403-228-3013


READER ADVISORY
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
PETROX ANNOUNCES THE DEPARTURE OF THE COMPANY'S PRESIDENT AND CEO

Calgary, Alberta – December 30, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – December 30, 2013. Petrox Capital Corp. (TSXV: PTC) ("Petrox" or the "Corporation"), announces that Glenn Cartier has left the Corporation as its President and CEO. The Corporation wishes Mr. Cartier the very best of success in his future endeavours.

In addition, the Corporation is pleased to announce that Edwin Tam, the Chairman of the Board and a director of the Corporation, has been appointed as the interim President and CEO of the Corporation.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PRESS RELEASE
ELECTION OF NEW DIRECTORS

Calgary, Alberta – November 26, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – November 26, 2013. Petrox Resources Corp. (TSXV:PTC) ("Petrox" or the "Corporation") is pleased to announce that Yunyan Zheng and Hui Yu were elected as directors at Petrox's annual general and special meeting held on November 22, 2013 (the "AGM"), subject to the approval of the TSX Venture Exchange.

Yunyan Zheng graduated from the Chinese University with a Bachelor degree in English Education. Ms. Zheng is a Certified Public Accountant in China, and is a Member of the Association of International Accountants (AIA). From 2000 to 2006, she was an assistant to General Manager of Shanghai Krupp Stainless. From 2006 to 2007, she worked as a manager in Shanghai CNPC Clean Energy Co. Ltd. From 2007 to 2008, she worked as an auditor in Shanghai Xing Zhong Accounting Firm in China. She is currently the manager of the HR department of Polysius (Shanghai) Ltd.

Hui Yu graduated from Hunan Normal University with a Bachelor degree in 1989. Mr. Yu has been an entrepreneur in various industries in China from 1992 to 2010. Since 2011, he has become involved in the natural gas midstream distribution business in China as an advisor and investor.

As a result of the AGM, the Board of Directors of the Corporation now consists of Glenn Cartier, Edwin S. L. Tam, Alan P. Chan, Garry Lohuis, Wentao Yang, Xiaobo Deng, Yunyan Zheng and Hui Yu.

Rudolf Cech and Douglas Baird, former directors of the Corporation, did not stand for re-election at the AGM. Messrs Cech and Baird will continue to act as advisors to the Corporation. The Corporation thanks Messrs Cech and Baird for their support and contributions as former directors.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Glenn Cartier, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 270 – 2292
www.petroxresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.



PRESS RELEASE
PETROX DRILLS FIRST VIKING CORE HOLE TEST WELL

Calgary, Alberta – November 15, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – November 15, 2013. Petrox Resources Corp. (TSXV: PTC) ("Petrox" or the "Corporation") announces that it has drilled its first vertical Viking core hole test well at 02-01-44-16W4 on its 100 percent owned Strome property in east central Alberta.

The Company is encouraged that certain portions of the Viking core contain reservoir quality oil-bearing sandstones. However, the current technical interpretation of this core does not support the drilling of the two planned horizontal wells adjacent to the core hole test well at this time.

Further core analysis is being undertaken and will assist Petrox technical personnel in their ongoing evaluation on its acreage position.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Glenn Cartier, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 270 – 2292
www.petroxresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


PRESS RELEASE
PETROX ANNOUNCES THE GRANTING OF STOCK OPTIONS

Calgary, Alberta – October 29, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – October 29, 2013. Petrox Resources Corp. (TSXV: PTC) ("Petrox" or the "Corporation") announces that it has today issued an aggregate of 1,175,000 incentive stock options ("Options") in accordance with the Corporation's stock option plan to a number of its directors and officers. Each option, vesting immediately upon grant, entitles the holder thereof to purchase one common share in the capital of Petrox at a price of $0.12 per share until October 29, 2018. The stock options and any common shares issued upon exercise thereof will be subject to a four month resale restriction from the date of grant.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Glenn Cartier, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 270 – 2292
www.petroxresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


PRESS RELEASE
PETROX CLOSES PRIVATE PLACEMENT AND APPOINTS NEW DIRECTORS

Calgary, Alberta – October 22, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – October 22, 2013. Petrox Resources Corp. (PTC:TSXV) ("Petrox" or the "Corporation") is pleased to announce it has closed its previously announced non-brokered private placement (the "Offering") and has issued 36,500,000 units in the capital of Petrox for gross proceeds of $3,306,295. Each unit consists of one common share in the capital of Petrox ("Common Share") and one warrant ("Warrant"), with 50% of the Warrants entitling the holder thereof to purchase one additional Common Share for a period of 12 months at an exercise price of $0.20, and the remaining 50% of the Warrants entitling the holder thereof to purchase one additional Common Share for the following 12 months at an exercise price of $0.25. A total of 2,129,446 of the units consist of Warrants and Common Shares issued on a tax flow-through basis and 34,370,554 of the units consist of Warrants and Common Shares issued on a non tax flow-through basis.

Proceeds of the Offering will be used to fund the exploitation and development plans for Petrox's P&NG properties in Central Alberta. Specifically, Petrox intends to use the funds to drill a Viking vertical core hole test and up to two Viking horizontal wells, as well as for general corporate purposes.

Finders' fees totaling $9,920 have been paid in relation to the Offering. In addition, broker warrants were issued to two finders entitling them to purchase, in aggregate, 107,555 Common Shares at an exercise price of $0.10 per Common Share for a period of two years from the date of closing of the Offering.

Petrox is also pleased to announce that, subject to the approval of the TSX Venture Exchange, Wentao Yang and Xiaobao Deng have been appointed to the Board of Directors of the Corporation. Mr. Yang has a Master of Business Administration degree from the University of Calgary and a Bachelor of Science degree in Geophysics. He is a founding partner of Kailas Capital Limited, a private financial consulting and investment company. Ms. Deng has a Master of Law degree and has worked as in-house counsel for several companies. She is currently the manager of the legal affairs department of SORESCO S.A., a joint venture firm in Costa Rica.

Upon these appointments, the Board of Directors of the Corporation will comprise of Glenn Cartier, Alan Chan, Edwin Tam, Garry Lohuis, Rudolf Cech, Douglas Baird, Wentao Yang and Xiaobao Deng.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Glenn Cartier, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 270 – 2292
www.petroxresources.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


PRESS RELEASE
PETROX ANNOUNCES PROPOSED PRIVATE PLACEMENT

Calgary, Alberta – October 7, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – October 7, 2013. Petrox Resources Corp. (PTC:TSXV) ("Petrox" or the "Corporation") today announced that it is proposing a non-brokered private placement offering (the "Offering") of up to 36,500,000 units in the capital of Petrox. Each unit will consist of one common share in the capital of Petrox ("Common Share") and one warrant ("Warrant"), with 50% of the Warrants entitling the holder thereof to purchase one additional Common Share for a period of 12 months at an exercise price of $0.20, and the remaining 50% of the Warrants entitling the holder thereof to purchase one additional Common Share for the following 12 months at an exercise price of $0.25. A portion of the units will consist of Warrants and Common Shares issued on a tax flow-through basis ("Flow-Through Units"). The remaining units will consist of Warrants and Common Shares issued on a non tax flow-through basis ("Ordinary Units"). The Flow-Through Units will have a subscription price of $0.10 per Flow-Through Unit and the Ordinary Units will have a subscription price of $0.09 per Ordinary Unit for aggregate gross proceeds for the Offering of up to $3,350,000.

Up to 28,000,000 units have been allocated to individual investors with a non-refundable $400,000 deposit.

Proceeds of the Proposed Transactions will be used to fund the exploitation and development plans for Petrox's P&NG properties in Central Alberta. Specifically, Petrox intends to use the funds to drill a Viking vertical core hole test and up to two Viking horizontal wells, as well as for general corporate purposes.

This Offering will replace the previously announced conditional commitment letter for a secured loan facility with Macquarie Bank Limited.

Petrox also intends to appoint up to two additional individuals to its Board of Directors upon closing of the Offering.

READER ADVISORY
Statements included in this press release that are not historical facts may be considered "forward looking statements". All estimates and statements that describe the Corporation's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Glenn Cartier, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 270 – 2292
www.petroxresources.ca


PRESS RELEASE
PETROX ANNOUNCES PROPOSED DEVELOPMENT AND ACQUISITION SECURED LOAN FACILITY, CONCURRENT NON-BROKERED PRIVATE PLACEMENT AND RESIGNATION OF DIRECTOR

Calgary, Alberta – August 20, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – August 20, 2013. Petrox Resources Corp. ("PTC": TSXV) ("Petrox" or the "Corporation") today announced that it has signed a Conditional Commitment Letter with Macquarie Bank Limited ("Macquarie") for a Development and Acquisition Secured Loan Facility. Upon closing, the loan facility is intended to be funded in tranches, with the first tranche of $3,000,000 to be used to drill and complete two Viking horizontal wells, the second tranche of $2,000,000 to be used to drill and complete an additional two Viking horizontal wells (dependent upon the success of the first two new Viking wells) and the third tranche of up to $70,000,000 to be applied towards future development capital and/or acquisitions. All funding under the third tranche will be at Macquarie's sole discretion

The funded amounts under the loan facility will bear interest at a rate of 9% over Canadian LIBOR. The loan facility will mature 36 months from closing. Petrox will pay 100 bps on funded amounts.

At closing, Petrox will assign to Macquarie a Net Profit Interest ("NPI") equal to 75% of Petrox's working interest in all oil and gas properties during the period for which the facility is outstanding, stepping down to 25% once Petrox achieves a 25% cash-on-cash IRR to Macquarie (inclusive of all interest payments, fees, and NPI proceeds). The NPI shall be convertible into common shares of Petrox, at Macquarie's option, using an appropriate equity valuation methodology.

Concurrently, Petrox will undertake a non-brokered private placement of flow-through shares at a price of $0.11/share and common shares at a price of $0.10/share, for aggregate net proceeds of a minimum of $1,500,000 and a maximum of $2,000,000. Proceeds from the private placement will be directed towards drilling a Viking core test and a Viking horizontal well. Cash commissions of up to 8% may be payable on some or all of the gross proceeds of the private placement. The closing of the Macquarie loan facility and the funding of the first tranche thereof are subject to certain conditions precedent including, without limitation, the private placement.

Proceeds of the Proposed Transactions will be used to fund the exploitation and development plans for Petrox's P&NG properties in Central Alberta. Specifically, Petrox intends to use the funds to drill a Viking core test and four or five Viking horizontal wells on its properties, as well as for general corporate purposes. Additionally, the Corporation announces that Kelly Lo has resigned as a director of the Corporation. The Corporation thanks Ms. Lo for her contributions to the Corporation and wishes her success in her future endeavours.

READER ADVISORY
Statements included in this press release that are not historical facts may be considered "forward looking statements". All estimates and statements that describe the Corporation's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Glenn Cartier, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 270 – 2292
www.petroxresources.ca




PRESS RELEASE
PETROX RESOURCES CORP. ANNOUNCES THE ACQUISITION OF ADDITIONAL LAND IN THE HALKIRK AREA

Calgary, Alberta – March 11, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – March 11, 2013. Petrox Resources Corp. (PTC: TSXV) (the "Corporation" or "Petrox") is pleased to announce the acquisition of additional 16 sections of 100% working interest in Petroleum and Natural Gas Leases located in the Halkirk area of Central Alberta (Townships 43, 44, 45 and Ranges 15, 16, 17 West 4M). The additional leases are comprised of 16 sections acquired at the March 6, 2013 Crown land sale.

With the acquisition of the additional 16 sections announced herein, Petrox has now assembled 32.625 sections of 100% working interest lands in the emerging Viking light oil fairway in the Halkirk and Battle areas of Central Alberta. The Corporation will now focus its efforts in the development of its properties in this Viking oil fairway.

About Petrox Resources Corp.
Petrox Resources Corp. is a public Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. Petrox has assembled 32.625 sections of 100% working interest lands in the emerging Viking light oil play in the Halkirk and Battle areas of central Alberta.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Resources Corp.
Glenn Cartier, President and CEO, or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca or www.petroxcapital.ca


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither the TSX Venture nor its regulation services provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this press release.



PRESS RELEASE
PETROX ANNOUNCES WITHDRAWAL OF PRIVATE PLACEMENT

Calgary, Alberta – February 7, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – February 7, 2013. Petrox Resources Corp. ("PTC": TSXV) today announced that it will not proceed with the private placement with Pearl Oriental Oil Limited previously announced on January 2, 2013. Petrox continues to investigate other financing opportunities.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Resources Corp.
Glenn Cartier, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 270 – 2292
www.petroxresources.ca



PRESS RELEASE
PETROX ANNOUNCES AMENDED FINDER'S FEES FOR PROPOSED UNIT PRIVATE PLACEMENT

Calgary, Alberta – January 14, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – January 14, 2013. Petrox Resources Corp. ("PTC": TSXV) ("Petrox" or the "Corporation") today announced that the terms of the finder's fees proposed to be issued under its private placement of units announced on January 2, 2013 (the "Proposed Transaction") have changed.

Petrox had previously announced that in consideration for their services under the Proposed Transaction, Chung Hwa Electric and Coal Technology Ltd. ("Chung Hwa") will be paid cash commissions equal to 5% of gross proceeds, which shall be paid from the proceeds of the Proposed Transaction, and will receive share purchase warrants ("Original Warrants") entitling Chung Hwa to purchase such number of Units equal to 5% of the Units issued under the Proposed Transaction at a price of $0.16 per Unit. Each Unit will consist of one common share in the capital of Petrox and one share purchase warrant entitling the holder thereof to purchase one additional common share at a price of $0.20 per share.

Under the new terms, Chung Hwa will receive the same cash commissions, and the securities to be issued to Chung Hwa also will be substantially the same, except that the purchase price (exercise price) for the common shares issuable to Chung Hwa upon exercise of the securities has essentially been increased from $0.16 per share to $0.20 per share. Specifically, instead of being issued the Original Warrants, Chung Hwa will instead receive a warrant that entitles them to buy 2,187,500 common shares at a price of $0.20 for a period of 12 months after the closing of the Proposed Transaction and a warrant that entitles them to buy 2,187,500 common shares at a price of $0.20 for a period of 24 months after the closing of the Proposed Transaction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Resources Corp.
Glenn Cartier, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 270 – 2292
www.petroxresources.ca



PRESS RELEASE
PETROX ANNOUNCES PROPOSED UNIT PRIVATE PLACEMENT

Calgary, Alberta – January 2, 2013.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – January 2, 2013. Petrox Resources Corp. ("PTC": TSXV) ("Petrox" or the "Corporation") today announced that it has entered into a letter of intent effective December 28, 2012 proposing to sell to Pearl Oriental Oil Limited up to 43,750,000 units of Petrox ("Units"), at a price of $0.16 per Unit, for gross proceeds of up to $7,000,000 (the "Proposed Transaction"). Each Unit will consist of one common share in the capital of Petrox ("Common Share") and one non-transferable share purchase warrant ("Warrant"). Each Warrant will entitle the purchaser to acquire an additional Common Share at an exercise price of $0.20 per share for a period of two years from the date of closing.

Petrox currently has 18,452,680 Common Shares issued and outstanding. The Proposed Transaction, if successfully concluded, would constitute a Change of Control of Petrox under the policies of the TSX Venture Exchange ("TSXV"). As a result, the Proposed Transaction will be subject to the prior approval of the majority of the disinterested shareholders of Petrox. The Proposed Transaction will also be subject to the final approval of the TSXV.

Although final details have not yet been negotiated, it is likely that at closing of the Proposed Transaction, new directors and officers will be nominated by Pearl Oriental Oil Limited to replace some of the existing directors and officers of Petrox, subject to the approval of the TSXV. Personal Information Forms will be submitted to the TSXV by all new directors and officers. Further details with respect to the new directors and officers will be provided in a subsequent news release once a definitive agreement has been reached.

In consideration for their services under the Proposed Transaction, Chung Hwa Electric and Coal Technology Ltd. ("Chung Hwa") will be paid cash commissions equal to 5% of gross proceeds, which shall be paid from the proceeds of the Proposed Transaction, and will receive share purchase warrants entitling Chung Hwa to purchase such number of Units equal to 5% of the Units issued under the Proposed Transaction at a price of $0.16 per Unit. No other commissions shall be paid to any other person under the Proposed Transaction.

The Common Shares and Warrants issued under the Proposed Transaction, including those which may be issued to Chung Hwa, and any Common Shares which may be issued upon exercise of the Warrants, will be subject to a hold period ending four months and one day after the date the Units are issued.

Pearl Oriental Oil Limited ("Pearl") is a company incorporated with limited liability under the laws of Bermuda, shares of which are listed on the main board of The Stock Exchange of Hong Kong Limited. Pearl is an investment holding company, and Pearl Group is engaged in exploitation, development, production and sale of natural gas & oil and owns a gas and oil field in Utah, USA. Proceeds of the Proposed Transaction will be used to fund the exploitation and development plans for Petrox's P&NG properties in Central Alberta, specifically, Petrox intends to use the funds to drill three or four wells on its properties and, subject to due diligence, to acquire a small producing property and additional land holdings, as well as for general corporate purposes. It is expected that a Definitive Agreement for the Proposed Transaction may be signed between Petrox and Pearl in January 2013, and the Proposed Transaction may be completed on or before 15th of March 2013.

READER ADVISORY

Statements included in this press release that are not historical facts may be considered "forward looking statements". All estimates and statements that describe the Corporation's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Resources Corp.
Glenn Cartier, President and CEO or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 - 8330
Facsimile: (403) 270 – 2292
www.petroxresources.ca



PRESS RELEASE
PETROX RESOURCES CORP. ANNOUNCES THE ACQUISITION OF ADDITIONAL LAND IN THE HALKIRK AREA

Calgary, Alberta – October 22, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – October 22, 2012. Petrox Resources Corp. (PTC: TSXV) (the "Corporation" or "Petrox") is pleased to announce the acquisition of additional 7.5 sections of 100% working interest in Petroleum and Natural Gas Leases located in the Halkirk area of Central Alberta (Townships 43, 44 and Ranges 15,16 W4M). The additional leases are comprised of 7.0 sections acquired at the September 5, 2012 Crown land sale and 0.5 section of Freehold land acquired recently.

With the acquisition of the additional 7.5 sections announced herein, Petrox has now assembled 16.625 sections of 100% working interest lands in the emerging Viking light oil play in the Halkirk and Battle areas of Central Alberta. The Corporation will now focus its efforts in the development of its properties in this Viking oil fairway.

About Petrox Resources Corp.
Petrox Resources Corp. is a public Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. Petrox has assembled 16.625 sections of 100% working interest lands in the emerging Viking light oil play in the Halkirk and Battle areas of central Alberta.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Glenn Cartier, President and CEO, or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca or www.petroxcapital.ca


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither the TSX Venture nor its regulation services provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this press release.




PRESS RELEASE
PETROX RESOURCES CORP. ANNOUNCES APPOINTMENT OF CHAIRMAN OF THE BOARD AND ISSUANCE OF STOCK OPTIONS

Calgary, Alberta – October 18, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – October 18, 2012. Calgary, Alberta – October 18, 2012. Petrox Resources Corp. (PTC: TSXV) (the "Corporation" or "Petrox") is pleased to announce the appointment of Mr. Edwin Tam as the Chairman of the Board of Directors of the Corporation. Mr. Tam has been actively involved in the significant achievements of the Corporation accomplished since inception of the Corporation, and will continue in a leadership role as Petrox's Chairman of the Board.

The Corporation also announces that it has today issued an aggregate of 1,044,000 incentive stock options ("Options") in accordance with the Corporation's stock option plan to certain of its directors, officers, employees and consultants. Each option, vesting immediately upon grant, entitles the holder thereof to purchase one common share in the capital of Petrox at a price of $0.16 per share until October 17, 2017. On October 17, 2012, the last day that the Corporation's common shares traded prior to the granting of the stock options, the closing trading price of the common shares on the TSX Venture Exchange was $0.16. The stock options and any common shares issued upon exercise thereof will be subject to a four month resale restriction from the date of grant.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Glenn Cartier, President and CEO, or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxresources.ca


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither the TSX Venture nor its regulation services provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this press release.




PRESS RELEASE
PETROX RESOURCES CORP. ANNOUNCES THE ENGAGEMENT OF A NEW PRESIDENT AND CEO

Calgary, Alberta – September 28, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – October 18, 2012. Calgary, Alberta – September 28, 2012. Petrox Resources Corp. (PTC: TSXV) (the "Corporation") is pleased to announce the engagement of Mr. Glenn Cartier as its President and CEO effective October 1, 2012. Mr. Cartier will also join the Corporation's Board of Directors effective October 1, 2012.

Mr. Cartier has over 25 years of experience in the oil and gas sector in Alberta. He is currently an independent businessman and a member of the board of directors of Ki Exploration Inc. Mr. Cartier graduated from the University of Calgary in 1983 with a Bachelor of Science degree in Mechanical Engineering. Since graduation, he has been involved in the oil and gas sector with a number of companies. He was a co-founder, President and CEO of Siphon Energy Corp., a junior private oil and gas company. Siphon Energy was sold to Ki Exploration in August 2011.

"We are very excited to have Mr. Cartier join our group. With his experience and background in the oil and gas sector, Mr. Cartier will add significant strength to our management team," stated Edwin Tam, the current President and CEO of the Corporation. "With the recent acquisition of 7 more sections of land, we now have over 16 sections in the Halkirk region. The company will now focus its efforts in the development of its properties in this Viking Fairway."

With the appointment of Mr. Cartier, Edwin Tam will officially resign as the Corporation's President and CEO effective October 1, 2012. We wish to thank Mr. Tam for his contributions in bringing the Corporation to this stage of development. Mr. Tam will remain as a director of the Corporation.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Resources Corp.
Glenn Cartier, President and CEO, or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxcapital.ca or www.petroxresources.ca


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



PRESS RELEASE
PETROX CAPITAL CORP. CHANGES NAME TO PETROX RESOURCES CORP.

Calgary, Alberta – August 14, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – August 14, 2012. Petrox Capital Corp. (PTC: TSXV) (the "Corporation") is pleased to announce that the Corporation's name has been changed to "Petrox Resources Corp.". Effective at the opening of trading on August 15, 2012, the common shares of the Corporation will commence trading on the TSX Venture Exchange (the "Exchange") under the new name and the common shares under the name of "Petrox Capital Corp." will be delisted. The Corporation is classified as an "Oil & Gas Company" with the Exchange. The trading symbol for the common shares of the Corporation on the Exchange will remain "PTC".

FOR FURTHER INFORMATION, PLEASE CONTACT:
Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxcapital.ca


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



PRESS RELEASE
PETROX ANNOUNCES ACQUISITION OF PETROLEUM AND NATURAL GAS LEASES LOCATED IN THE BATTLE AND HALKIRK AREAS OF ALBERTA

Calgary, Alberta – August 1, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – August 1, 2012. Petrox Capital Corp. (PTC: TSXV) ("Petrox" or the "Corporation") is pleased to announce that it has completed the acquisition of 100% working interests in and to Petroleum and Natural Gas Leases located in the Battle and Halkirk areas of Alberta (Townships 43, 44, 46 Ranges 15, 16, 19, 20 W4M) from Richfield Oils Inc. ("Richfield") and Arenal Resources Ltd. ("Arenal") in exchange for an aggregate of 2,500,000 common shares, a deemed price of $0.19 per common share, and cash of $250,000, for an aggregate deemed purchase price of $725,000 (the "Acquisition"). The Acquisition was previously announced in a press release of the Corporation dated June 12, 2012.

The issuance of shares pursuant to the Acquisition was exempted from securities legislation under Section 2.13 of National Instrument 45-106 – Prospectus and Registration Exemptions. The shares issued pursuant to the Acquisition are subject to a four-month hold period expiring on December 1, 2012.

Prior to the Acquisition, Richfield held an aggregate of 3,000,000 common shares of Petrox (19%). As a result of the completion of the Acquisition, Richfield now holds an aggregate of 4,150,000 common shares of Petrox (22%) and thus is now a Control Person of Petrox, as such term is defined under the policies of the TSX Venture Exchange (the "Exchange"). Prior to the Acquisition, Arenal held no shares of Petrox. As a result of the Acquisition, Arenal now holds 1,350,000 common shares (7%) of the issued and outstanding common shares of Petrox.

This press release is jointly issued by Richfield pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Richfield sold its interests in the leases to Petrox for commercial gain and in order to assist in Petrox' growth. Richfield has no present intention to acquire additional securities of Petrox.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Petrox Capital Corp.
Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxcapital.ca

Richfield Oils Inc.
Richard Boswell, President
Telephone: (403) 510-2957
Facsimile: (403) 255-3182
Email: rchfield @shaw.ca


READER ADVISORY
Statements included in this press release that are not historical facts may be considered "forward looking statements". All estimates and statements that describe the Corporation's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



PRESS RELEASE
PETROX ANNOUNCES RESIGNATION OF A DIRECTOR

Calgary, Alberta – July 5, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – July 5, 2012. Petrox Capital Corp. (PTC: TSXV) ("Petrox" or the "Corporation"), announces that Richard W. McIver has resigned from the Corporation's board of directors effective July 4, 2012. Mr. McIver had served as an independent director of the Corporation since its inception in February, 2011.

Mr. McIver's resignation from the board arises as a result of Mr. McIver's election as a Member of the Legislative Assembly of Alberta on April 23, 2012. Mr. McIver was appointed to the position of Minister of Transportation on May 8, 2012. We would like to congratulate Mr. McIver for his appointment and thank him for his support and contributions to Petrox Capital. We wish him the very best of success in his future endeavours.

Note that this press release corrects a previous press release of the Corporation, which incorrectly stated that Mr. McIver resigned effective July 4, 2007.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Capital Corp.
Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxcapital.ca


READER ADVISORY
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



PRESS RELEASE
PETROX ACCOUNCES AGREEMENTS TO PURCHASE ADDITIONAL ALBERTA OIL AND GAS ASSETS

Calgary, Alberta –June 12, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – June 12, 2012. Petrox Capital Corp. (PTC: TSXV) ("Petrox" or the "Corporation") is pleased to announce that it has agreed to purchase 100% working interests in and to Petroleum and Natural Gas Leases located in the Battle and Halkirk areas of Alberta (Townships 43, 44, 46 Ranges 15, 16, 19, 20 W4M) from Richfield Oils Inc. ("Richfield") and Arenal Resources Ltd. ("Arenal") in exchange for an aggregate of 2,500,000 common shares and cash of $250,000 (the "Acquisition").

The completion of the Acquisition is subject to certain conditions precedent, including, but not limited to: (i) the entering into of a definitive agreement by Petrox and Richfield (the "Definitive Agreement"); (ii) completion of satisfactory due diligence by Petrox; (iii) the approval of the Acquisition by the Exchange, the boards of directors of each of Petrox, Arenal and Richfield, respectively, and the shareholders of Arenal and Richfield, if required; (iv) the absence of any material change or change in a material fact which might reasonably be expected to have a material adverse effect on the financial and operational conditions or the assets of Arenal and Richfield; and (v) certain other conditions typical in a transaction of this nature.

Richfield is a shareholder of Petrox, holding an aggregate of 3,000,000 common shares (19%). Following completion of the Acquisition, if approved, Richfield will hold an aggregate of 4,150,000 common shares of Petrox (22%) and thus will become a new Control Person of Petrox, as such term is defined under the policies of the TSX Venture Exchange (the "Exchange"). Arenal will hold 1,350,000 common shares of Petrox (7%), following completion of the Acquisition.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Capital Corp. Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxcapital.ca


READER ADVISORY

Investors are cautioned that, except as disclosed in the information circular or filing statement to be prepared in connection with the Acquisition, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Statements in this press release may contain forward-looking information including, operating costs, administrative costs, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Petrox. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Petrox does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Completion of the Acquisition is subject to a number of conditions, including but not limited to, Exchange acceptance, and, if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the Acquisition cannot close until the required shareholder approval is obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.



PRESS RELEASE
PETROX ACCOUNCES CLOSING OF QUALIFYING TRANSACTION

Calgary, Alberta –June 4, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – June 4, 2012. Petrox Capital Corp. (PTC.P: TSXV) ("Petrox" or the "Corporation"), a capital pool company listed on the TSX Venture Exchange (the "Exchange") is pleased to announce that it has closed its previously announced Qualifying Transaction, consisting of the acquisition (the "Acquisition") of certain oil and gas assets (the "Richfield Assets") from Richfield Oils Inc. ("Richfield"), the concurrent offering of common shares in the capital of the Corporation pursuant to a Short Form Offering Document under the policies of the Exchange (the "SFOD Financing") and the concurrent private placement by the Corporation of units of the Corporation (the "Bought Deal Financing").

Pursuant to the Acquisition, Petrox has acquired the Richfield Assets from Richfield, in exchange for which Petrox has issued to Richfield an aggregate of 3,000,000 common shares in the capital of the Corporation ("Common Shares") at a deemed price of $0.25 per Common Share for a total deemed purchase price of $750,000. All 3,000,000 of these Common Shares will be subject to a four-month hold period and will be deposited under a value security escrow agreement, whereby a 36-month escrow period will apply, with ten percent (10%) being releasable on receipt of final Exchange approval and fifteen percent (15%) being releasable every six months thereafter.

Pursuant to the SFOD Financing, the Corporation issued an aggregate of 2,379,400 Common Shares at a price of $0.25 per Common Share for gross proceeds of $594,850 with Wolverton Securities Ltd. ("Wolverton") acting as agent. In connection with the SFOD Financing, the Corporation paid cash commissions of $59,485 (10% of gross proceeds) and issued to Wolverton and its subagents an aggregate of 237,940 non-transferable options ("Agent's Options"), each of which entitles the holder to purchase one Common Share at a price of $0.25 per Common Share for a period of 36 months from closing. The Corporation also reimbursed Wolverton for its reasonable fees and expenses incurred in connection with the SFOD Financing and paid Wolverton a corporate finance fee of $20,000 plus HST. 160,000 of the Common Shares issued under the SFOD Financing will be subject to a four-month hold period. The remaining Common Shares issued under the SFOD Financing will be free-trading.

Pursuant to the Bought Deal Financing, the Corporation issued an aggregate of 3,857,000 units of Petrox (each, a "Unit") at a price of $0.25 per Unit for gross proceeds of $964,250. Wolverton acted as underwriter in respect of 2,000,000 of such Units. Each Unit consists of one Common Share and one-half of one Common Share purchase warrant of Petrox, with each whole warrant ("Warrant") entitling the holder to subscribe for one additional Common Share at a price of $0.40 for a period of 36 months from the date of closing. In connection with the Bought Deal Financing, the Corporation paid Wolverton and its subagents cash commissions of $96,425 (10% of gross proceeds) and issued to Wolverton and its subagents an aggregate of 385,700 non-transferable options ("Underwriter's Options"), each of which entitles the holder to purchase one Unit at a price of $0.25 per Unit for a period of 36 months from closing. The Corporation also reimbursed Wolverton for its reasonable fees and expenses incurred in connection with the Bought Deal Financing, paid Wolverton a corporate finance fee of $5,000 plus HST and issued to Wolverton 20,000 Units. All Units issued under the Bought Deal Financing will be subject to a four-month hold period.

The proceeds of the financings will be used for exploration and development of the Richfield Assets, acquisitions and general working capital.

After giving effect to the Qualifying Transaction (and having regard to the previously outstanding securities of the Corporation, being, an aggregate of 6,600,000 Common Shares, incentive stock options ("Incentive Options") entitling the holders to purchase up to an aggregate of 660,000 Common Shares, and 300,000 compensation options that were issued to brokers in connection with the completion of Petrox's Initial Public Offering ("IPO Options"), each of which entitles the holder to purchase one Common Share), the total issued and outstanding capital of Petrox consists of the following: 15,856,400 Common Shares; 1,938,500 Warrants; 237,940 Agent's Options; 385,700 Underwriter's Options; 660,000 Incentive Options and 300,000 IPO Options. In connection with the Qualifying Transaction, Garry Lohuis was appointed to the board of directors of the Corporation and Rudolph Cech, a director of the Corporation, was appointed the Corporation's Vice President, Engineering. Effective upon closing of the Qualifying Transaction, therefore, the following individuals comprise all of the directors and officers of the Corporation: Edwin S.L. Tam (President, Chief Executive Officer and a Director); Alan P. Chan (Chief Financial Officer and a Director); Rudolf Cech (Vice President, Engineering, and Director); Gerry A. Peacock (Secretary); Kelly Lo (Director); Douglas A. Baird (Director); Richard W. McIver (Director) and Garry Lohuis (Director).

The TSXV has previously granted conditional approval to the listing of the Common Shares of the Corporation resulting from the Qualifying Transaction, subject to receipt of final submission documents. Pending satisfactory review of such final materials by the Exchange, it is expected that the Common Shares will resume trading under its current trading symbol, "PTC" one day after the publication by the TSXV of its final listing bulletin.

For further details regarding the Qualifying Transaction, including detailed profiles of the individuals that have been appointed officers and directors of the Corporation, readers are encouraged to make reference to the Filing Statement of the Corporation that was filed on April 13, 2012 and is available under the Corporation's profile at www.sedar.com.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Capital Corp.
Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013
Website: www.petroxcapital.ca


READER ADVISORY
Investors are cautioned that, except as disclosed in the information circular or filing statement to be prepared in connection with the Acquisition, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Statements in this press release may contain forward-looking information including, operating costs, administrative costs, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Petrox. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Petrox does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Completion of the Acquisition is subject to a number of conditions, including but not limited to, Exchange acceptance, and, if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the Acquisition cannot close until the required shareholder approval is obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.



PRESS RELEASE
PETROX ANNOUNCES FILING OF SHORT FORM OFFERING DOCUMENT

Calgary, Alberta – April 26, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – April 26, 2012. Petrox Capital Corp. (PTC.P: TSXV) ("Petrox" or the "Corporation"), a capital pool company listed on the TSX Venture Exchange (the "Exchange" or "TSXV") is pleased to announce that it has entered into an agency agreement with Wolverton Securities Ltd. ("Wolverton") in connection with a previously announced financing (the "Short Form Offering") to be completed by way of Short Form Offering Document in accordance with TSX Venture Exchange ("TSXV") policies. Under the Short Form Offering, the Corporation will offer for sale a minimum of 1,000,000 Common Shares and a maximum of 8,000,000 Common Shares for aggregate gross proceeds of a minimum of $250,000 and a maximum of $2,000,000.

In consideration for its services under the Short Form Offering, Wolverton will receive a commission equal to 10% of the gross proceeds received by Petrox from the sale of the Common Shares, which commission shall be payable in cash, Common Shares or any combination thereof at the discretion of Wolverton. Petrox will also grant to Wolverton an option entitling Wolverton to purchase such number of Common Shares as is equal to 10% of the aggregate number of Common Shares sold under the Short Form Offering at an exercise price of $0.25 per share for a period of three years from the date of closing of the Short Form Offering.

Wolverton will also be paid a corporate finance fee of $20,000 plus applicable taxes in connection with the Short Form Offering, of which $15,000 plus applicable taxes has been paid as a non-refundable fee, and the balance of $5,000, plus applicable taxes, will be paid at closing in cash, Common Shares or any combination thereof at the discretion of Wolverton. Wolverton will be reimbursed for all reasonable expenses incurred with respect to the Short Form Offering, towards which an expense retainer of $10,000 has been paid.

The net proceeds to be received by the Corporation from the Short Form Offering will be used by the Corporation primarily for the purposes of completing drilling programs on the oil and gas assets (the "Richfield Assets") proposed to be acquired by the Corporation (the "Acquisition") in connection with the Corporation's proposed Qualifying Transaction (see the Corporation's press release dated January 24, 2012).

The filing of the Short Form Offering Document with the TSXV will occur immediately after the issuance of this press release. Once the TSXV has issued an Exchange Bulletin indicating acceptance of the Short Form Offering Document, Wolverton will have sixty (60) days to market and sell the Short Form Offering.

READER ADVISORY
Investors are cautioned that, except as disclosed in the information circular or filing statement to be prepared in connection with the Acquisition, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Statements in this press release may contain forward-looking information including, operating costs, administrative costs, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Petrox. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Petrox does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Completion of the Acquisition is subject to a number of conditions, including but not limited to, Exchange acceptance, and, if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the Acquisition cannot close until the required shareholder approval is obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Capital Corp.
Edwin Tam, President and CEO or
Alan Chan, CFO Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013




PRESS RELEASE
PETROX ENTERS INTO ASSET PUCHASE AGREEMENT WITH RICHFIELD OILS INC.

Calgary, Alberta – March 2, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – March 2, 2012. Petrox Capital Corp. (PTC.P: TSXV) ("Petrox" or the "Corporation"), a capital pool company listed on the TSX Venture Exchange (the "Exchange" or "TSXV") is pleased to announce that it has entered into an Asset Purchase Agreement (the "Agreement") dated February 29, 2012 with Richfield Oils Inc. ("Richfield") pursuant to which Petrox has agreed to acquire certain assets of Richfield located in the Bashaw area of Alberta comprising approximately ¾ of Section 5-42-23W4M, below the base of the Mannville (the "Richfield Assets"). The acquisition of the Richfield Assets (the "Acquisition") is intended to comprise the Qualifying Transaction of Petrox under Policy 2.4 of the TSXV.

Pursuant to the Asset Purchase Agreement, Petrox has agreed to purchase the Richfield Assets at a purchase price of $750,000 payable in common shares in the capital of Petrox ("Common Shares") at a price of $0.25 per Common Share, for a total of 3,000,000 Common Shares.

Completion of the Acquisition is subject to a number of conditions which must be satisfied or waived in order for the Acquisition to become effective including (i) the issuance and sale of at least $650,000 in Common Shares of Petrox pursuant to the financings announced in Petrox's press release dated January 27, 2012 (increased from the $500,000 condition previously provided in the letter of intent announced in the Corporation's press release dated January 24, 2012); (ii) all consents, orders and approvals, including regulatory approvals, required or necessary or desirable for the completion of the Acquisition shall have been obtained including, without limitation, the Exchange approval of the Acquisition as Petrox's Qualifying Transaction; (iii) Richfield and Petrox shall have complied in all material respects with the Asset Purchase Agreement; (iv) the Asset Purchase Agreement shall not have been terminated; and (v) no material adverse change shall have occurred in the Richfield Assets prior to the time of the closing of the Acquisition.

There is no assurance that these conditions will be satisfied or waived on a timely basis. Unless all of the conditions are satisfied or waived, the Acquisition will not proceed.

In addition, in the Corporation's press release dated January 27, 2012, it was announced that it was a condition for the completion of the two financings announced that aggregate gross proceeds of the two financings would total at least $500,000 and upon the completion of the Qualifying Transaction. In order to coincide with the condition in the Agreement, the Corporation and Wolverton Securities Ltd. have agreed to increase the minimum to $650,000.

READER ADVISORY
Statements included in this press release that are not historical facts may be considered "forward looking statements". All estimates and statements that describe the Corporation's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Capital Corp.
Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013




PRESS RELEASE
PETROX ANNOUNCES PROPOSED CONCURRENT FINANCINGS

Calgary, Alberta – January 27, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – January 27, 2012. Petrox Capital Corp. (PTC.P: TSXV) ("Petrox" or the "Corporation"), a capital pool company listed on the TSX Venture Exchange (the "Exchange" or "TSXV") is pleased to announce that it has entered into engagement letters with Wolverton Securities Ltd. ("Wolverton") with respect to the financings to be completed in connection with the Corporation's Qualifying Transaction involving Richfield Oils Inc. disclosed in the Corporation's press release dated January 24, 2012 (the "Qualifying Transaction").

Pursuant to one engagement letter, Wolverton has been appointed to act as the Corporation's agent to raise, on a "commercially reasonable efforts" basis, by way of Short Form Offering Document, for maximum gross proceeds of $2,000,000 through the issuance of up to 8,000,000 common shares in the capital of the Corporation ("Common Share") at a price of $0.25 per Common Share (the "Short Form Offering"). In consideration for its services under the Short Form Offering, Wolverton will receive a commission equal to 10% of the gross proceeds received by the Corporation from the sale of the Common Shares, which commission shall be payable in cash, Common Shares or any combination thereof at the discretion of Wolverton. The Corporation will also grant to Wolverton an option entitling Wolverton to purchase such number of Common Shares as is equal to 10% of the aggregate number of Common Shares sold under the Short Form Offering at an exercise price of $0.25 per share for a period of three years from the date of closing.

Wolverton will also be paid a non-refundable corporate finance fee of $20,000 plus applicable taxes in connection with the Short Form Offering, such fee to be payable in cash, Common Shares or any combination thereof at the discretion of Wolverton, and will be reimbursed for all reasonable expenses incurred with respect to the Short Form Offering.

Pursuant to the second engagement letter, Wolverton has agreed to purchase as an underwriter on a bought deal private placement basis from the Corporation 2,000,000 units of the Corporation ("Units") at a price of $0.25 per Unit ("Bought Deal Private Placement") for gross proceeds of $500,000. Each Unit will consist of one Common Share in the capital of the Corporation and one-half of one non-transferable share purchase warrant. Each full share purchase warrant ("Share Purchase Warrant") will entitle the purchaser to acquire an additional Common Share at an exercise price of $0.40 per share for a period of three years from the date of closing. Pursuant to this agreement Wolverton has also been granted an option to use its commercially reasonable efforts to arrange for purchase, on a private placement basis, of up to an additional 2,000,000 Units of the Corporation, for additional gross proceeds of up to $500,000, which option is exercisable by Wolverton at any time prior to the date of closing. In consideration for its services under the Bought Deal Private Placement, Wolverton will receive a commission equal to 10% of the gross proceeds received by the Corporation from the sale of the Units, which commission shall be payable in cash, Units or any combination thereof at the discretion of Wolverton. The Corporation will also grant to Wolverton broker warrants entitling Wolverton to purchase such number of Units as is equal to 10% of the aggregate number of Units sold at an exercise price of $0.25 per Unit for a period of three years from the date of closing.

In connection with the Bought Deal Private Placement, Wolverton will also be paid a corporate finance fee of $5,000 plus applicable taxes payable in cash, Units or any combination thereof at the discretion of Wolverton, and will issue to Wolverton at closing an aggregate of 20,000 Units. Wolverton also will be reimbursed for all reasonable expenses incurred with respect to the Bought Deal Private Placement.

It is a condition to the completion of the Short Form Offering and the Bought Deal Private Placement that aggregate gross proceeds of the two financings will total at least $500,000. Completion of the financings is also conditional upon the completion of the Qualifying Transaction.

The closings of the financings are to occur concurrently with the closing of the Qualifying Transaction.

The Corporation intends to use the net proceeds from the Short Form Offering and Bought Deal Private Placement for the exploration and development of the Richfield Assets, acquisitions and general working capital.

READER ADVISORY
Statements included in this press release that are not historical facts may be considered "forward looking statements". All estimates and statements that describe the Corporation's objectives, goals or future plans are forward looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Capital Corp.
Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013




PRESS RELEASE
PETROX ANNOUNCES PROPOSED QUALIFYING TRANSACTION WITH RICHFIELD OILS INC.

Calgary, Alberta – January 24, 2012.
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For Immediate Release
Not for distribution in the United States or through United States wire services.


Calgary, Alberta – January 24, 2012. Petrox Capital Corp. (PTC.P: TSXV) ("Petrox" or the "Corporation"), a capital pool company listed on the TSX Venture Exchange (the "Exchange" or "TSXV") is pleased to announce that it has entered into a letter of intent ("Letter of Intent") dated January 19, 2012 with Richfield Oils Inc. ("Richfield") with respect to the proposed acquisition by the Corporation (the "Acquisition") of Richfield's interests in oil and gas properties located in the Bashaw area of Alberta (the "Richfield Assets"). It is intended that the Acquisition will constitute the Qualifying Transaction of the Corporation in accordance with Policy 2.4 of the Exchange.

The Letter of Intent contemplates that, in exchange for the Richfield Assets, Petrox shall issue to Richfield an aggregate of 3,000,000 Common Shares in the capital of Petrox at a deemed price of CA$0.25 per common share for a total deemed purchase price of CA$750,000.

The Letter of Intent also contemplates that Petrox will complete a brokered private placement of a minimum of 2,000,000 Common Shares and a maximum of 12,000,000 Common Shares at a price of $0.25 per share for aggregate gross proceeds of a minimum of CA$500,000 and a maximum of CA$3,000,000 (the "Offering"), which Offering shall close concurrently with the Acquisition.

The proceeds from the Offering will be used by the Resulting Issuer for exploration and development of the Richfield Assets and general working capital requirements. Additional amounts have been allocated for costs required to complete the Acquisition and for unallocated working capital. There may be circumstances where, for sound business reasons, a reallocation of funds may be necessary in order for the Corporation to achieve its business objectives.

The completion of the Acquisition and the Offering are subject to the approval of the Exchange and all other necessary approvals. The completion of the Acquisition is also subject to certain other additional conditions precedent, including, but not limited to: (i) the entering into of a definitive agreement by Petrox and Richfield on or before February 15, 2012 (the "Definitive Agreement"); (ii) completion of satisfactory due diligence by each of Petrox and Richfield; (iii) completion of an engineering report on the Richfield Assets, which report shall be satisfactory to Petrox and shall be compliant with the requirements of National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities; (iv) the approval of the Acquisition by the Exchange, each of Petrox's and Richfield's respective board of directors and the shareholders of Richfield, if required; (v) completion of at least the minimum amount of the Offering; (vi) the absence of any material change or change in a material fact which might reasonably be expected to have a material adverse effect on the financial and operational conditions or the assets of each of the parties to the Definitive Agreement; and (viii) certain other conditions typical in a transaction of this nature.

The Corporation also proposes to appoint Garry Willem Lohuis, P. Eng., to its Board of Directors. Mr. Lohuis was formerly the President and CEO and a Director of Lift Resources Inc., a private heavy oil producer in Western Canada. Lift was sold to Gear Energy in September 2011. From 2005 to 2008, Mr. Lohuis was the President and CEO and a Director of Athlone Energy Ltd., a public oil and gas producer in Western Canada that was listed on the TSXV. Mr. Lohuis holds a Bachelor of Science (Petroleum Engineering) which he obtained in 1982 from Montana Tech of the University of Montana, Butte, Montana, and a Diploma of Petroleum Reservoir Technology which he obtained in 1977 from SAIT Polytechnic, Calgary, Alberta.

At present, no other changes to the Corporation's board of directors are expected to arise as a result of the Acquisition.

Following the completion of the Acquisition and assuming completion of the maximum Offering, approximately 21,600,000 Common Shares are anticipated to be issued and outstanding in the capital of the Corporation. In addition, the Corporation already has issued and outstanding incentive stock options entitling the holders thereof to purchase up to an aggregate of 660,000 Common Shares and agents' options entitling the holders thereof to purchase up to an aggregate of 300,000 Common Shares. The Corporation also intends to issue additional agent's options pursuant to the Offering.

Following the completion of the Acquisition, subject to the approval of the Exchange, Petrox also intends to grant additional incentive stock options to employees, consultants, directors and officers of Petrox. The number of stock options issued will not exceed 10% of the issued and outstanding shares of the Resulting Issuer.

The only insiders of the Corporation after completion of the Acquisition will be Richfield and the directors and officers of the Corporation, being Edward S. L. Tam, Alan P. Chan, Richard W. McIver, Rudolf Cech, Kelly Lo, Douglas A. Baird and Gerry A. Peacock and Garry W. Lohuis.

The proposed Qualifying Transaction will be at arm's length, and accordingly, will not require approval by the majority of the minority shareholders of the Corporation.

The Corporation anticipates that the proposed transaction will not require Sponsorship and will be applying to the Exchange for an exemption of Sponsorship of the transaction.

Trading in the shares of the Corporation will be halted until such time as all required documents are filed with the Exchange.

Upon completion of the Qualifying Transaction, the Corporation will be classified as an Oil and Gas Issuer on the Exchange.

About Richfield
Richfield Oils Inc. is a private company incorporated under the Business Corporations Act (Alberta) on September 26, 1980 under the name 252904 Alberta Ltd. The company changed its name to "Richfield Oils Inc." on November 1, 1996.

The Richfield Assets are located in the Bashaw area of Alberta and comprise approximately ¾ of Section 5-42-23W4M, below the base of the Mannville. According to Richfield Oils, the Bashaw D2H pool was discovered in 1992. 3D seismic survey was shot in early 1990's resulting in the drilling of four wells, which have produced approx 600,000 bbls of oil. The four wells have been abandoned since 2002. Certain wells can be re-completed and placed back on production. A third party engineering evaluation will be conducted to confirm the feasibility of the re-completion and the economic benefit of the operation.

The shares of Richfield are owned by Richard J. Boswell (99.9%), President of Richfield, and Anne M. Boswell (0.1%), wife of Richard J. Boswell.

Richard J. Boswell graduated from the University of Calgary with a Bachelor of Commerce degree and has 29 years of oil and gas industry experience. He was a co-founder and President of Crozet Exploration Ltd, a private resource company, from 1980 to 1987 and was Land Manager of its successor, Crozet Oil & Gas Ltd., from 1987 to 1989. From 1989 to 1992, Mr. Boswell was Land Manager for Hardy Oil and Gas Ltd. a private resource company. From 1992 to 1996, he was an Officer and Director of Stateside Energy Ltd., a publicly listed company. Mr. Boswell was also a founding Director of Tonko Development Ltd., a publicly listed company, from incorporation until its sale in March 2002. From March, 2006, to May, 2007 Mr. Boswell was Vice President of Land at Mirage Energy Ltd., a public resource company. From June, 2007 to Nov 30, 2010, Mr. Boswell was President and Director of Kierland Resources Ltd.

About Petrox
Petrox is a capital pool company listed and posted for trading on the TSXV under the trading symbol "PTC.P".

The following is a brief description of key management and directors of the Corporation:

Edward S. L. Tam is the President and a Director of the Corporation. Mr. Tam is a professional engineer and an entrepreneur. He graduated from University of Calgary with a Bachelor of Science Degree in 1979 and with a Master of Science Degree in 1982 both in Mechanical Engineering. Since graduation, he worked for a number of energy companies and held various senior technical positions in exploitation and exploration. He has experience in finding oil and gas accumulations, developing exploitation strategies that create value by optimizing production and identifying development potentials. In 2001, he co-founded Petrox Energy Corporation, a private company established to pursue oil and gas projects in Alberta.

Alan P. Chan is the Chief Financial Officer and a Director of the Corporation. Mr. Chan is a professional engineer and an entrepreneur. He graduated from the University of Saskatchewan with a Bachelor of Science Degree in 1973. Since graduation, he worked in a number of industries and held various senior technical and management positions. In 1994, he founded China Pacific Industrial Corp. to pursue joint venture projects in China, and subsequently established two joint ventures in China. Since the late 1990s, Mr. Chan has been involved in the establishment of a number of public companies and assisted them in completing a number of financings, mergers and acquisitions. Currently, he is a director, Chief Financial Officer and Secretary of Grand Power Logistics Group Inc., listed on the TSX Venture Exchange. He is also a director of Ginger Beef Corporation and Hunt Mining Corporation, both listed on the TSX Venture Exchange.

Richard W. McIver is a Director of the Corporation. He has nine years' of experience on the City Council of The City of Calgary. During this time he also served on many external boards and committees including two years on the Calgary Police Commission, three years as chair of the Calgary Housing Company and eight years on the board of the Alberta Urban Municipalities Association. He has an entrepreneurial background having owned and operated a marketing distribution business for 10 years before he was elected an alderman. He is currently the principal of McIver and Associates Inc. with a consulting practice serving the construction, architecture, and government relations industries.

Rudolf Cech
is a Director of the Corporation. Mr. Cech is a professional engineer and president of Adur Energy Ltd., a private consulting company. He graduated from the University of Mining Technology, Ostrava, Czech Republic, with a Master of Science Degree in 1966. Since graduation, he worked in the coal mining industry and in 1970 he joined Sproule Associates in Calgary. Mr.Cech has conducted reserve estimates and evaluation studies on petroleum and mineral properties; he has supervised and managed exploration and development projects, and he has conducted regional and local geological studies worldwide. Mr. Cech had thirty-six years' experience at Sproule Associates and has appeared as an expert witness in testimony concerning oil and gas reserves and minerals. He has international experience in evaluating petroleum and coal properties, which includes determining reserves, preparing exploration programs, and evaluating the results obtained, and he has presented numerous papers concerning the development of coalbed methane projects. Since his retirement in 2006, he has been active through his consulting company and sits on the board of directors of a number of private and public oil and gas companies.

Kelly Lo is a Director of the Corporation. She has over a decade of experience in oil marketing, starting her career with Husky Energy. She transitioned to several oil marketing and trading companies, including start-up companies that have been sold. She has experience in pricing analysis, logistics coordination, marketing and trading crude oil from the wellhead to end users. Ms Lo received her Bachelor of Commerce degree from the University of Calgary in 2001. Prior to her oil marketing career she was involved in land development.

Douglas A. Baird is a Director of the Corporation. He graduated from the University of Calgary with a Bachelor of Commerce degree in 1972 and obtained his Chartered Accountant designation in 1974 while employed by Price Waterhouse and Co. in Calgary. Mr. Baird has been employed in various management positions and has served as an officer and director of both TSX and TSX Venture corporations. Currently he is a director and president of Appulse Corporation, a TSX Venture company.

Gerry A. Peacock is the Secretary of the Corporation. He has been a Barrister and Solicitor since 1992. He runs his own private practice as a sole practitioner. In addition to his legal practice, Mr. Peacock is an entrepreneur involved in a number of venture projects and investments. He has held directorship in a number of public companies. Currently, he is a director and a member of the audit committee of Grand Power Logistics Group Inc., a public company listed on the TSX Venture Exchange.

READER ADVISORY
Investors are cautioned that, except as disclosed in the information circular or filing statement to be prepared in connection with the Acquisition, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Statements in this press release may contain forward-looking information including, operating costs, administrative costs, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Petrox. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Petrox does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Completion of the Acquisition is subject to a number of conditions, including but not limited to, Exchange acceptance, and, if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the Acquisition cannot close until the required shareholder approval is obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Capital Corp.
Edwin Tam, President and CEO or Alan Chan, CFO
Telephone: (403) 237 - 8330
Facsimile: (403) 228 - 3013




PRESS RELEASE
PETROX CAPITAL CORP. Completes Initial Public Offering

December 29, 2011 – Calgary, Alberta
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December 29, 2011 – Calgary, Alberta – Petrox Capital Corp. (the "Corporation"), a capital pool company, is pleased to announce it has successfully completed its initial public offering (the "Offering") of 3,000,000 common shares ("Common Shares") at a price of $0.10 per share for gross proceeds of $300,000. Macquarie Private Wealth Inc. (the "Agent") acted as agent for the Offering. Subsequent to the issuance of the Common Shares pursuant to the Offering, the Corporation has 6,600,000 Common Shares issued and outstanding. The Corporation has also granted options to acquire an aggregate of 660,000 Common Shares, at an exercise price of $0.10 per share, to the directors of the Corporation, which options will expire five years from the date of grant. The Corporation paid the Agent a cash commission equal to 10% of the gross proceeds and a corporate finance fee. In addition, the Corporation granted the Agent compensation options to acquire in the aggregate up to 300,000 Common Shares at an exercise price of $0.10 per share. The Agent's compensation options will expire 24 months from the date the Corporation's Common Shares are listed for trading on the TSX Venture Exchange (the "Exchange"). At the opening on Thursday, December 22, 2011, the Corporation's Common Shares were listed on the Exchange and trading was halted, at the request of the Corporation, pending receipt of certain documentation by the Exchange. The shares will resume trading on Friday, December 30, 2011 under the stock symbol PTC.P.

Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Edwin S. L. Tam
President and Chief Executive Officer
Petrox Capital Corp.
Phone: (403) 237-8330