Warrior Energy N.V.
TSX VENTURE : WEN

Warrior Energy N.V.

September 13, 2012 17:26 ET

Warrior Energy N.V. Announces Assignment of Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2012) - Further to its news release dated April 27, 2012, Warrior Energy N.V. ("Warrior" or the "Company") (TSX VENTURE:WEN) is pleased to announce that pursuant to a letter agreement dated March 21, 2012 between the Company and John Hislop, it has entered into a Loan Purchase Agreement dated September 12, 2012 with its wholly owned subsidiary, Warrior Oil & Gas Holdings Inc. ("Warrior Oil & Gas") and John Hislop (the "Loan Purchase Agreement"). Pursuant to the Loan Purchase Agreement, Warrior Oil & Gas has agreed to assign to John Hislop for CDN$100,000 the debt that Exxel Energy (USA) Inc. ("Exxel") owes to Warrior Oil & Gas pursuant to a Promissory Note dated May 24, 2007, as amended and secured by inter alia a mortgage from Exxel and a guarantee from XXL Energy Corp., each as amended.

About the Company

Warrior is a junior oil and gas exploration and production company focused on identifying and exploiting hydrocarbon opportunities.

On behalf of the Board of Directors

Urs Meisterhans, President

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

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