Veraz Petroleum Comments on Recent Trading Activity in Its Common Shares


CALGARY, ALBERTA--(Marketwire - Jan. 31, 2012) - Veraz Petroleum Ltd. ("Veraz") (TSX VENTURE:VRZ), at the request of the Investment Industry Regulatory Organization of Canada (IIROC), wishes to confirm that Veraz's management is unaware of any material change in Veraz's operations that would account for the recent increase in market activity.

Veraz Petroleum Ltd. is a junior South American focused oil and gas exploration company based in Calgary, Alberta.

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.

Contact Information:

Veraz Petroleum Ltd.
Gerardjan ("Oppe") Cosijn
President and Chief Executive Officer
(403) 781-7930

Veraz Petroleum Ltd.
Colin Christie
Vice President, Finance and Chief Financial Officer
(403) 781-7931
www.verazpetroleum.com