SOURCE: Gray Fox Petroleum Corp

September 30, 2015 09:00 ET

Gray Fox Petroleum Corporation Announces a New Direction and New Management

ORLANDO, FL--(Marketwired - September 30, 2015) - On April 8th, 2015, Gray Fox Petroleum Corporation (OTCQB: GFOX) had filed an 8-K with the SEC announcing the change in Officer(s) and Director(s), along with the Company's majority ownership. Furthermore, on April 3rd, 2015, Gray Fox Petroleum Corporation acquired DB Capital Corporation, a privately held company. The Chairman and CEO of DB Capital Corporation was appointed the new Chairman and CEO of Gray Fox Petroleum Corporation.

Daniel Sobolewski, the recently appointed Chairman and CEO of Gray Fox Petroleum Corporation would like to inform the shareholders that the Company is pursuing a new direction, and is no longer in the Oil and Gas Exploration industry. Through its recent acquisition, Gray Fox Petroleum Corporation now has ownership in two (2) Graffiti Junktion Restaurant locations, (Lake Mary, FL. and Thorton Park Orlando, FL).

Gray Fox Petroleum Corporation's CEO, Daniel Sobolewski, stated, "I feel that the new direction of the Company will bring value back to (GFOX), and its shareholders."

Graffiti Junktion is an American Burger, Sports Bar Themed Restaurant. Graffiti Junktion is also an award-winning establishment. Among other awards, it was voted Best Burger in 2015. Their locations are family friendly, and the food served is always fresh, never frozen. Graffiti Junktion currently has thirteen (13) open locations, and has every intention on continuing their consistent and steady growth. http://www.graffitijunktion.com/

Gray Fox Petroleum Corporation is currently working directly with Graffiti Junktion's Founder and CEO, (Greg Peters) on a Franchise Agreement, so that Gray Fox Petroleum Corporation can open four (4) franchise locations under the Graffiti Junktion name. In order to open the four (4) Graffiti Junktion franchise locations, Gray Fox Petroleum Corporation will be looking to raise additional capital in the upcoming weeks. Gray Fox Petroleum Corporation has engaged in talks with investment bankers and finance companies in order to proceed with the Graffiti Junktion locations.

The recently acquired DB Capital Corporation is undergoing a required two (2) year financial audit, currently being performed by M&K CPAS. Gray Fox Petroleum Corporation will file its 10-Q once the audit is complete. Gray Fox Petroleum Corporation intends to file the 10-Q within the next 30 days or less. The upcoming 10-Q filing will reflect DB Capital Corporation's financials.

Gray Fox Petroleum Corporation intends to undergo a name change in the next 30-60 days.

FORWARD-LOOKING STATEMENT

This news release includes forward-looking statements that reflect Gray Fox Petroleum, Inc.'s current expectations about its future results, performance, prospects and opportunities. Gray Fox Petroleum, Inc. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Gray Fox Petroleum, Inc. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2013 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.

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