TWO T2 Metals Corp

Twoco Petroleums Ltd. ("Twoco" or the "Company") (TSX VENTURE:TWO) is pleased to
announce that it has placed on production its previously announced 2 gross (1.97
net) horizontal oil wells on the Company's Sparky heavy oil play in the Warspite
area of Alberta. Based on the initial 9 days of production, the average initial
rate for Well #1 is 65 bopd at a 5% water cut and for Well #2 is 53 bopd at a
17% water cut. The cost of drilling, completing and equipping these 2 wells was
approximately $800,000 each. Twoco believes that future drilling costs on its
Sparky heavy oil lands could be significantly reduced in a multi-well drilling
program.


The Company will continue to monitor production from the 2 wells with a view to
optimizing production and planning for the drilling of additional wells on the
Company's lands comprising the Sparky heavy oil play.


Twoco's Sparky heavy oil play is comprised of 2,500 net acres, representing
approximately 60% of the estimated pool area. Based on 200 metre inter-well
spacing and 700 metre lateral lengths, the Company has identified up to 53
additional horizontal drilling locations on its lands. Twoco will review all
capital expenditures on a regular basis throughout 2011 and adjust spending
based on factors such as changes in commodity prices, availability of capital
and drilling and production results.


Twoco is an oil and gas company engaged in the exploration for, and the
acquisition, development and production of, oil and natural gas reserves
primarily in the Province of Alberta.


Forward-Looking Statements:

Certain information set forth in this news release contains forward-looking
statements or information ("forward- looking statements"), including statements
regarding the reduction of drilling costs, optimization of production, the
drilling of additional wells, potential drilling locations, the area of the
heavy oil pool and capital expenditure review and spending adjustments. By their
nature, forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond Twoco's control, including the impact of
general economic conditions, industry conditions, volatility of commodity
prices, currency fluctuations, imprecision of reserve estimates, environmental
risks, operational risks in exploration and development, competition from other
industry participants, the lack of availability of qualified personnel or
management, stock market volatility and the ability to access sufficient capital
from internal and external sources. Although Twoco believes that the
expectations in our forward-looking statements are reasonable, our
forward-looking statements have been based on factors and assumptions concerning
future events which may prove to be inaccurate. Those factors and assumptions
are based upon currently available information. Such statements are subject to
known and unknown risks, uncertainties and other factors that could influence
actual results or events and cause actual results or events to differ materially
from those stated, anticipated or implied in the forward looking information. As
such, readers are cautioned not to place undue reliance on the forward looking
information, as no assurance can be provided as to future results, levels of
activity or achievements. The risks, uncertainties, material assumptions and
other factors that could affect actual results are discussed in our Annual
Information Form and other documents available at www.sedar.com. Furthermore,
the forward-looking statements contained in this document are made as of the
date of this document and, except as required by applicable law, Twoco does not
undertake any obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise. The forward-looking statements contained in this document
are expressly qualified by this cautionary statement.


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

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