NuLoch Resources Closes Over-Allotment Option of Bought Deal Financing

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NuLoch Resources Inc. ("NuLoch") (www.nuloch.ca) (TSX VENTURE:NLR) reports that
it has now closed the Over-Allotment Option in respect of its previously
announced "bought deal" equity financing (the "Offering") with a syndicate of
underwriters led by Canaccord Genuity Corp. and including Raymond James Ltd.,
Wellington West Capital Markets, and Clarus Securities Inc. (the
"Underwriters"). The $28.1 million Offering closed on October 14, 2010.


The Over-Allotment Option was granted to the Underwriters for market
stabilization and over-allotment purposes for a period of 30 days following
closing of the Offering. A total of 210,000 Class A common shares have been
issued at $1.25 per share pursuant to the Over-Allotment Option.


As a part of their compensation in respect of the exercise of the Over-Allotment
Option, the Underwriters have been issued compensation options entitling the
Underwriters to subscribe for 6,300 Class A common shares at $1.25 per share on
or before July 14, 2011.


NuLoch now has 122,332,907 Class A common shares issued and outstanding.