CHATHAM, ONTARIO--(Marketwire - Oct. 29, 2012) - PetroShale Inc. ("PetroShale" or the "Company") (TSX VENTURE:AQX) announces the filing of its: (i) audited annual consolidated financial statements for the year ended June 30, 2012; (ii) the corresponding Management's Discussion and Analysis dated October 29, 2012; and (iii) annual information form for the year ended June 30, 2012 ("AIF"), such AIF containing its disclosure and reports relating to reserves data and other oil and gas information as required by the Canadian Securities Administrators National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. An electronic copy of these documents may be obtained on PetroShale's SEDAR profile at To the extent investors do not have access to the internet, copies of the materials can be obtained on request without charge by contacting PetroShale.

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:

PetroShale Inc.
James Fair
President and Chief Executive Officer

PetroShale (US), Inc.
John Fair