PTC Petrox Resources Corp

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES

Petrox Resources Corp. (TSX VENTURE:PTC) (the "Corporation") is pleased to
announce that it has entered into a co-operation framework agreement with
Qingdao Sinoenergy Corporation of China ("Qingdao Sinoenergy") and Asiafic Clean
Energy Limited of Hong Kong ("Asiafic") to establish an Alberta joint venture
company, Gascana AB Energy Ltd. ("Gascana AB"), with the objective of which will
be the construction of a LNG liquefaction plant in Alberta with a daily
production capacity of 2,950 tonnes (150 MMCF). Asiafic is a wholly owned
subsidiary of Qingdao Sinoenergy. 


Initially, the Corporation will have a 10% equity interest in the joint venture
and will be responsible for the implementation of the project, including
obtaining the necessary regulatory approvals for the construction of the LNG
plant, obtaining utility supplies, and other project planning and development
activities. Asiafic will have 90% equity interest in the joint venture and will
be responsible for obtaining the upstream natural gas supply and purchasing the
land for the plant. Gascana AB will be responsible for the construction of the
plant, applications to related authorities and engineering design of the plant.


About Qingdao Sinoenergy

Qingdao Sinoenergy is a clean energy operating company in China. The company is
in the business of exploring and developing natural gas resources, investing and
operating LNG terminals and LNG plants, processing and distributing CNG/LNG,
building and operating CNG/LNG filling stations, and supplying natural gas or
LNG to large industrial clients. The company is also engaged in the
manufacturing of natural gas storage and transportation equipment and CNG/LNG
conversion kits for vehicles. 


Reader Advisory

Statements included in this press release that are not historical facts may be
considered "forward looking statements". All estimates and statements that
describe the Company's objectives, goals or future plans are forward looking
statements. Forward-looking statements involve inherent risks and uncertainties
where actual results could differ materially from those currently anticipated.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Petrox Resources Corp.
Edwin Tam
President and CEO
(403) 270-2290 or (403) 237-8330


Petrox Resources Corp.
Alan Chan
CFO
(403) 270-2290 or (403) 237-8330
(403) 228-3013 (FAX)
www.petroxresources.ca

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