Petrolia Inc.

Petrolia Inc.

April 02, 2015 16:01 ET

Petrolia: Allocation of Stock Options

QUÉBEC CITY, QUÉBEC--(Marketwired - April 2, 2015) - Pétrolia (TSX VENTURE:PEA) announces that in accordance with its compensation policy and its stock option plan, which encourage to grant stock options to employees and directors, Petrolia's Board of Directors granted on March 26, 2015, 75 000 stock options to one of its directors. The price has been set at $0.57 per share, and the expiry date for these options is March 25, 2020.

About Pétrolia

Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km² (4 million acres), which represents almost 23% of the Québec territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Anticosti Hydrocarbons L.P., a limited partnership in which Pétrolia holds a 21.7% interest. In order to carry out the project's operations, Pétrolia Anticosti Inc., a subsidiary of Pétrolia, was designated project operator. Pétrolia is a Québec company whose objective is to develop oil from here, by the people here, for here. Pétrolia has 80 345 195 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 or 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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