Petrolia Inc.

Petrolia Inc.

November 08, 2011 10:36 ET

Petrolia Nominates a New Vice President, Finance

RIMOUSKI, QUEBEC--(Marketwire - Nov. 8, 2011) - Pétrolia (TSX VENTURE:PEA) is pleased to announce the appointment of Mr. Alexandre Gagnon to the position of Vice President, Finance. His abilities and dynamism will be important assets as the Company prepares for an unprecedented impending event: bringing the Haldimand deposit into production. In addition, the development of its other properties, which account for 70% of Québec's oil and gas potential, on Anticosti Island in particular, represents a challenge for which his contributions will be critical.

Mr. Gagnon will take up his duties on November 14, 2011. As Vice President, Finance, he will be responsible for managing the financial and investment strategies which provide the support for the Company's development projects. His responsibilities will also include the disclosure of financial information and the establishment of business relationships with national and international investors. The arrival of Alexandre Gagnon will ensure an effective linkage between Pétrolia's development projects and the financial arrangements necessary for their implementation.

Mr. Gagnon obtained a master's degree in management science (finance option) from a graduate school of business in 2006, and is also a Chartered Administrator (Adm.A) and Financial Risk Manager (FRM). He possesses a solid experience in risk management and financial strategy, which he acquired primarily at AFC Capital, where he occupied the position of Vice President, Risk and Finance Management. Over the course of his career he has held a variety of positions in organizations such as Innocap, the Quebec Deposit and Investment Fund, and Standard Life.

About Pétrolia

Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 14,000 km² (3.5 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 53.8 million shares issued and outstanding.

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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