Jadela Oil Corp. Closes on Private Placement

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Jadela Oil Corp. ("Jadela" or the "Company") (TSX VENTURE:JOC) is pleased to
announce that, pursuant to its previously announced private placement of units
(each, a "Unit"), Jadela has issued a total of 2,505,000 Units at a price $1.00
per Unit for gross proceeds of $2,505,000. Each Unit is comprised of one common
share in the capital of the Company (a "Common Share") and one common share
purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one
Common Share at any time within two years of the date of issuance at a price of
$1.50 per Common Share. In connection with the completion of this tranche of the
private placement, Jadela paid aggregate cash finder's fees in the amount of
$194,040 and issued an aggregate of 242,550 warrants to eligible finders who
introduced subscribers to the private placement. Each such finder's warrant was
issued on the same terms as the warrants comprising the Units. All of the
securities issued under the private placement are subject to a four month resale
restriction. It is expected that Jadela will complete the final tranche of this
private placement on September 12, 2011. As of today, the private placement has
not been fully subscribed for.


Jadela also announces the filing of its restated unaudited interim financial
statements for the six months ended June 30, 2011, together with corresponding
Management's Discussion and Analysis for the period. An electronic copy of these
documents may be obtained on Jadela's SEDAR profile at www.sedar.com. To the
extent investors do not have access to the internet, copies of the materials can
be obtained on request without charge by contacting Jadela. The interim
financial statements have been restated to correct errors. The Notice of No
Auditors' Review of Interim Financial Statements is withdrawn on the restated
statements. 


About Jadela

Jadela is a junior oil and gas exploration company. For additional details,
please visit Jadela's website at at www.jadelaoil.com. 


Reader Advisory

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to, statements with respect to the timing and
completion of the Company's private placement and related information. Although
we believe that the expectations reflected in the forward-looking information
are reasonable, there can be no assurance that such expectations will prove to
be correct. We cannot guarantee future results, performance or achievements.
Consequently, there is no representation that the actual results achieved will
be the same, in whole or in part, as those set out in the forward-looking
information.


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made and are founded on the basis of expectations
and assumptions made by the Company. Such forward-looking information is subject
to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those anticipated in the
forward-looking information. Some of the risks and other factors that could
cause the results to differ materially from those expressed in the
forward-looking information include, but are not limited to: general economic
conditions in Canada, the United States and globally; industry conditions,
including fluctuations in the prices of oil and natural gas; governmental
regulation of the oil and gas industry, including environmental regulation;
unanticipated operating events or performance which can reduce production or
cause production to be shut in or delayed; failure to obtain industry partner
and other third party consents and approvals, if and when required; competition
for and/or inability to retain drilling rigs and other services; the
availability of capital on acceptable terms; the need to obtain required
approvals from regulatory authorities; stock market volatility; volatility in
market prices for oil and natural gas; liabilities inherent in oil and natural
gas operations; competition for, among other things, capital, acquisitions of
reserves, undeveloped lands, skilled personnel and supplies; incorrect
assessments of the value of acquisitions; geological, technical, drilling,
processing and transportation problems; changes in tax laws and incentive
programs relating to the oil and gas industry; failure to realize the
anticipated benefits of acquisitions and dispositions; and other factors.
Readers are cautioned that this list of risk factors should not be construed as
exhaustive. 


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.


This press release does not constitute an offer to sell or solicitation of an
offer to buy any of the securities described herein. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act"), or any state securities laws and may not
be offered or sold within the United States or to "U.S. persons" (as such term
is defined in Regulation S promulgated under the U.S. Securities Act) unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.