CALGARY, ALBERTA--(Marketwired - Sept. 1, 2015) - Petrox Resources Corp. (TSX VENTURE:PTC) (the "Corporation") confirms that the amalgamation agreement providing for the proposed amalgamation transaction between the Corporation and Shanghai Sinooil Energy Holding Corporation previously announced in the Corporation's press release dated March 31, 2015 has expired and is now terminated. The termination of this proposed amalgamation was due to a number of factors, including the substantial drop in the oil price and the volatility of the oil market since the fall of 2014.

The Corporation's shares will re-commence trading on the TSX Venture Exchange at market open on September 3, 2015.

Reader Advisory

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.