Rodinia Oil Corp.

Rodinia Oil Corp.

May 17, 2011 09:01 ET

Rodinia Oil Corp. Provides Update on Operations

CALGARY, ALBERTA--(Marketwire - May 17, 2011) - Rodinia Oil Corp. (TSX VENTURE:ROZ) ("Rodinia") would like to update its shareholders and all other interested stakeholders regarding general operations in the Officer Basin, South Australia.

2011 Drilling Update

Rig #16 of Ensign International ("Ensign") is currently mobilizing on its 2,000 kilometre journey to the Officer Basin in Rodinia's Focus Area 1. This process involves approximately 80 heavy truck loads to move the rig and the 40 person drilling camp. The rig sub frame has been completed and Ensign will be raising the derrick over the next week. Weather delays, including additional road closures, and Primary Industries and Resources South Australia ("PIRSA") certification requirements that Ensign must meet, have further delayed the initial start to Rodinia's 2011 drilling program. As a result the spud date for Rodinia's first Officer Basin well, Mulyawara 1, is now expected to occur in early June, 2011.

Rodinia will advise all stakeholders of the actual spud date of Mulyawara 1 in a future press release.

Focus Area 1 Phase III Seismic Program

Rodinia is pleased to announce that the Officer Basin Phase III 2D seismic program on PEL 253 and the west central part of PEL 81 (South Australia) is 80% complete. This seismic program will total 2,536 kilometres and to date, 2,017 kilometres of seismic acquisition has been completed. Approximately half of the survey has been processed and is currently being interpreted. The objective of this seismic program is twofold: to better define the structures around several of Rodinia's 2011 drill targets, and to provide new seismic data in the central part of PEL 81 where no reliable data currently exists.

About Rodinia Oil Corp.

Rodinia is an international oil and gas exploration corporation. Its Common Shares and Warrants are listed on the TSX Venture Exchange under the symbols "ROZ" and "ROZ.WT" respectively. Rodinia is engaged in the exploration, acquisition and development of onshore petroleum and natural gas assets in Australia's Officer Basin. Founded in 2006, Rodinia has access to large tracts of exploratory lands and is one of the first companies to undertake onshore exploration in the Officer Basin. Rodinia has offices in Calgary, Alberta and Adelaide, South Australia.

Forward-Looking Statements

This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Rodinia, including, without limitation, statements pertaining to management's future plans and operations. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Rodinia's disclosure documents on the SEDAR website at Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, Rodinia does not assume any obligation to update or revise them to reflect new events or circumstances.

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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