Vanoil Energy Ltd.
TSX VENTURE : VEL

Vanoil Energy Ltd.

March 15, 2013 14:31 ET

Vanoil Energy Ltd.: Confirmation of Receipt of US$5 Million Loan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 15, 2013) - Vanoil Energy Ltd. (TSX VENTURE:VEL), a TSX-V-listed oil and gas company with a portfolio of assets in East Africa, is pleased to confirm that it has now received a loan of US$5 million from Fluormin plc's wholly owned subsidiary Kenya Fluormin (BVI) Holdings Limited.

On behalf of the Board of

VANOIL ENERGY LTD.

Aaron D'Este, Chief Executive Officer

Neither 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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