RIMOUSKI, QUEBEC--(Marketwire - Nov. 2, 2012) - Pétrolia (TSX VENTURE:PEA) announces that well Bourque 2 was spudded on October 31st, 2012. To date, 303 m have already been drilled. This well should reach a vertical depth of 2850 m. Drilling equipment used is the same as the one used on well Bourque 1.

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 66 585 750 shares issued and outstanding.

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
VP, Business Development
Quebec City: (418) 657-1966

Andre Proulx
(418) 724-0112