RIMOUSKI, QUEBEC--(Marketwire - Aug. 29, 2012) - Pétrolia (TSX VENTURE:PEA) is glad to highlight the decision by Valeurs mobilières Banque Laurentienne to initiate coverage of Pétrolia's title. This initiative demonstrates the growing interest of the financial community for the company, its works and its potential. This interest manifested itself in the participation of numerous representatives of the financial community in a visit of the Bourque No 1 drilling site, organised by Pétrolia on August 23, 2012 . Over 25 participants from various Canadian financial institutions have had the opportunity to visit the site of drilling operations currently carried out by Pétrolia, and to meet with local officials and personnel.

Pétrolia wishes also to mention that a second visit has been organised for the region's representatives. Over twenty elected and municipal officials have had the opportunity to learn about the current drilling operation. During this event, visitors were guided through the main places of interest while receiving many explanations from specialists who answered their questions.

About Pétrolia

Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 14,000 km² (3.5 million acres), which represents about 17% of the Québec territory under lease. The leases, the majority of which are located on the Gaspé Peninsula and Anticosti Island, are considered to be very promising and represent almost 70% of the territory under lease for which there is land-based oil potential in Québec. Pétrolia has 66 148 250 shares issued and outstanding.

Forward-looking statements

Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Pétrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications o statements made by Pétrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Pétrolia does not intend and undertakes no obligation to update these forward-looking statements.

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:

Isabelle Proulx
Quebec City: (418) 657-1966

Andre Proulx
(418) 724-0112