NuLoch Resources Announces Conversion of Class B Common Shares

NuLoch Resources Inc. ("NuLoch" or the "Company") (TSX VENTURE:NLR.A) (TSX
VENTURE:NLR.B) (OTCQX:NULCF) announces its intention to convert the Class B
shares ("Class B Shares") of NuLoch into Class A shares ("Class A Shares") of
NuLoch.


As permitted under the Articles of the Company, NuLoch intends to convert all of
its outstanding Class B Shares into Class A Shares effective November 1, 2010.
Each registered holder of Class B Shares, as of the close of business on
November 1, 2010, will be entitled to receive 7.045 Class A Shares for each
Class B Share held. No fractional Class A Shares will be issued pursuant to the
conversion. Where a holder of Class B Shares would otherwise be entitled to a
fractional Class A Share, the number of Class A Shares issued to such holder
will be rounded up to the next greater whole number of Class A Shares, provided
that all Class B Shares held by a beneficial holder shall be aggregated prior to
such rounding-up. The Company has provided notification to the TSX Venture
Exchange of its intention to convert all of its Class B Shares into Class A
Shares and has requested that the Class B Shares be delisted as of close of
business on November 1, 2010.


The Company's transfer agent, Valiant Trust Company ("Valiant") shall issue the
new Class A Shares on the effective date. Registered holders of Class B Shares
are requested to deliver share certificates for Class B Shares to Valiant either
by courier, registered mail or direct delivery and Valiant will deliver the
certificate(s) representing the new Class A Shares by first class mail.
Beneficial shareholders, such as those who are registered with a brokerage or
investment house, need not take any action as the Class A Shares will be issued
automatically through the CDS system. 


The conversion ratio of 7.045 Class A Shares for each Class B Share was
determined, in accordance with the Articles of NuLoch, by dividing $10.00 by
$1.4195, being the weighted average trading price of the Class A Shares on the
TSX Venture Exchange for the 30 trading days ending October 14, 2010. There are
currently 652,500 Class B Shares issued and outstanding. Approximately 4,596,863
Class A Shares will be issued pursuant to the conversion. 


Common Shares Outstanding

Class A : 117,526,038

Class B : 652,500