PEA Pieridae Energy Limited

Not for distribution to U.S. newswire services or for dissemination in the
United States


Petrolia (TSX VENTURE:PEA) (the "Company") is pleased to announce the closing of
a bought deal private placement with a syndicate of underwriters led by
Laurentian Bank Securities Inc. and including National Bank Financial Inc. (the
"Underwriters") for the purchase of 4,000,000 common shares (the "Common
Shares") of the Company at a price of $0.75 per Common Share for total gross
proceeds of $3,000,000 (the "Offering"). Directors and officers of Petrolia
subscribed for 333,333 shares pursuant to the Offering.


The common shares issued pursuant to the Offering will qualify for inclusion in
a Quebec Stock Savings Plan II (the "QSSP II") for qualified investment funds. 


In consideration for their services, the Company has paid the Underwriters a
cash commission equal to 7% of the gross proceeds of the Offering. 


All securities issued pursuant to the Offering are subject to a statutory resale
restriction of four-months plus one day ending on August 24, 2014. 


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy the securities in any jurisdiction. 


The Common Shares have not been and will not be registered under the United
States Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirement.


About Petrolia 

Petrolia is a junior oil and gas exploration company which owns interests in oil
and gas licenses covering 16,000 km2 (4 million acres), which represents about
22% of the Quebec territory under lease. Petrolia is a Quebec company that
ensures its developments are done with respect for the communities in which it
operates and in accordance with Quebec values, notably in regards to the
protection of the environment. Petrolia has 74 667 372 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
Petrolia 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 or statements made by
Petrolia. Actual events or results could be significantly different.
Accordingly, investors should not place undue reliance on forward-looking
statements. Petrolia 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alexandre Gagnon
Executive Vice-President
418-657-1966
agagnon@petrolia-inc.com
www.petrolia-inc.com


Myron Tetreault
President
418-657-1966
mtetreault@petrolia-inc.com
www.petrolia-inc.com

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