Warrior Energy N.V.
TSX VENTURE : WEN

Warrior Energy N.V.

October 31, 2012 17:13 ET

Warrior Energy N.V. Announces Closing of Assignment of Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2012) - Further to its news releases dated April 27, 2012 and September 13, 2012, Warrior Energy N.V. ("Warrior" or the "Company") (TSX VENTURE:WEN) is pleased to announce that effective October 30, 2012, it has closed the assignment of debt with John Hislop, whereby the Company has assigned to John Hislop for C$100,000 the debt that Exxel Energy (USA) Inc. ("Exxel") owes to Warrior Oil & Gas Holdings Inc. 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.

For further information, please contact Urs Meisterhans at +41 44 913 36 01 and/or visit the company website at www.warrior-energy.com.

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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