DENVER, COLORADO--(Marketwired - June 5, 2013) - PetroShale Inc. ("PetroShale" or the "Company") (TSX VENTURE:PSH) is pleased to announced that further to the press release dated May 6, 2013, the Company has closed the placement of 134,000 common shares of the Company ("Common Shares") at a price of $0.29 per Common Share for gross proceeds to the Company of $38,860. The Common Shares were sold to Mr. Evan Genaud in connection with his appointment as the Company's new President and Chief Executive Officer.

The Common Shares issued are subject to a statutory hold period expiring on October 6, 2013.

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.
Evan Genaud