Jadela Oil Corp. Completes $1,500,000 Private Placement and Proposes Additional Financing

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Jadela Oil Corp. ("Jadela" or the "Company") (TSX VENTURE:JOC) (formerly Unitech
Energy Resources Inc.) has closed a private placement of units (each, a "Unit")
announced on July 13, 2011. Jadela issued 3,000,000 Units (post consolidation)
at a price $0.50 per unit (post consolidation) for gross proceeds of $1,500,000.
Each Unit was comprised of one common share in the capital of the Company and
one common share purchase 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 $0.75 per common share (post consolidation). In connection with the
completion of this private placement, Jadela paid aggregate cash finder's fees
in the amount of $73,920 and issued an aggregate of 184,800 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. 


Jadela also announces that it proposes to raise an additional $2,000,000 from
the sale of units at a price of $1.00 per unit on a non brokered basis. Each
unit shall consist of one common share and one common share purchase warrant.
Each warrant will entitle 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 this private placement, Jadela will pay cash finder's fees
equal to 8% of the funds raised to eligible finders who introduced subscribers
to the private placement and issue one finder's warrant for every 10 units
issued to eligible subscribers. Each finder's warrant will be issued to finders
on the same terms as the warrants comprising the units. The Company has received
conditional acceptance of the new financing from the TSX Venture Exchange. 


About Jadela 

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


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 proposed new financing 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.