Petrolia Inc.
TSX VENTURE : PEA

Petrolia Inc.

July 19, 2011 10:39 ET

Petrolia Acquires a Storage Site in Gaspe for Haldimand Oilfield Production

RIMOUSKI, QUEBEC--(Marketwire - July 19, 2011) - Pétrolia (TSX VENTURE:PEA) is pleased to announce that it has acquired the lot formerly occupied by Xstrata Canada Corporation. This 152 969-sq. ft. lot in the Sandy Beach industrial park is less than three kilometres from the Haldimand deposit. Strategically located, it offers access to road, rail and port networks.

The acquisition demonstrates Pétrolia's commitment to putting the deposit into production as soon as possible. Purchasing a site in an industrial zone also aligns with the company's objective of smooth integration into the surrounding environment. The site will provide a place where Pétrolia can set up permanent tanks and industrial equipment related to developing the Haldimand deposit. An environmental characterization was carried out on the site before its purchase, showing that it met the regulatory requirements for how Pétrolia plans to use it as part of the Haldimand deposit operations.

About Pétrolia

Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 15,000 km² (2.7 million acres), which represents about 17% of the Québec territory under lease. The leases, the majority of which are located on the Gaspé Peninsula and Anticosti Island, are considered to be very promising and represent almost 70% of the territory under lease for which there is land-based oil potential in Québec. Pétrolia has 50 million shares issued and outstanding.

Forward-looking statements

Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Pétrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications of statements made by Pétrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Pétrolia does not intend and undertakes no obligation to update these forward-looking statements.

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.

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