Knol Resources Corp. Announces Completion of $5 Million Private Placement Offering

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA


Knol Resources Corp., (the "Corporation") (TSX VENTURE:NOL) is pleased to
announce that it has closed the second tranche of its previously announced
non-brokered private placement offering, which tranche consisted of 3,000,000
units of the Corporation ("Units") at a purchase price of $0.10 per Unit for
total gross proceeds of $300,000. Each Unit consisted of one common share in the
capital of the Corporation ("Common Share") and one non-transferable Common
Share purchase warrant of the Corporation ("Warrant"). Each Warrant will be
exercisable into one Common Share at a price of $0.20 until April 11, 2019,
subject to acceleration in certain circumstances. The closing of this second
tranche completes the offering of an aggregate of 50,000,000 Units (the
"Offering") for aggregate gross proceeds of $5,000,000.  


The Corporation intends to use the net proceeds from the Offering to acquire
certain oil and gas interests in Canada by way of joint venture, or other means,
for exploration and development activities in the oil and gas sector as the
initial part of a strategic oil and gas plan. Remaining proceeds, if any, will
be used for general corporate purposes.  


Sprott Private Wealth LP and other eligible parties (the "Finders") acted as
finders for the Corporation under the Offering. The Finders were paid a cash
commission equal to 6% of gross proceeds raised from applicable subscriptions
and issued non-transferable finder's warrants ("Finder's Warrants") equal to 6%
of the number of Units issued in connection with applicable subscriptions under
the Offering. Each Finder's Warrant will entitle the Finder to acquire one
additional Common Share at a price of $0.10 until April 11, 2016. 


All Common Shares, Warrants and any Common Shares issued on exercise of the
Warrants and Finder's Warrants are subject to a four (4) month statutory
restricted resale period expiring on August 12, 2014.  


Transfer of listing to NEX 

The Corporation has been notified by the TSX Venture Exchange ("TSXV") that due
to it no longer meeting continuous listing requirements, the Corporation's
listing may be transferred to the NEX, a separate board of the TSXV, without
further notice, until such time as the Corporation completes an acquisition
whereupon the Corporation intends to then apply to re-list on the TSXV. The
Corporation continues to pursue and evaluate potential acquisition opportunities
and will make further announcements with respect to these efforts as soon as
practically possible. 


About the Corporation 

Knol Resources Corp. is a publicly-traded junior oil and gas company seeking
investment opportunities in the oil and gas sector. Knol Resources Corp. shares
trade on the TSXV under the symbol "NOL".


Forward-Looking Information

This news release contains "forward-looking information" within the meaning of
applicable securities laws. These statements relate to future events or future
performance. The use of any of the words "could", "intend", "expect", "believe",
"will", "projected", "estimated" and similar expressions and statements relating
to matters that are not historical facts are intended to identify
forward-looking information and are based on the Corporation's current belief or
assumptions as to the outcome and timing of such future events. Actual future
results may differ materially. In particular, this release contains
forward-looking information relating to the use of proceeds of the Offering and
a future acquisition of oil and gas interests. Various assumptions or factors
are typically applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information. Those assumptions and
factors are based on information currently available to the Corporation. Risk
Factors that could cause actual results or outcomes to differ materially from
the results expressed or implied by forward-looking information include, among
other things: general economic conditions, market risks relating to the oil and
gas industry, the uncertainties involved in interpreting exploration results and
other geological data and the ability of the Corporation to obtain the funds and
resources required to carry out further exploration. The Corporation cautions
the reader that the above list of risk factors is not exhaustive. The
forward-looking information contained in this release is made as of the date
hereof and the Corporation is not obligated to update or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required by applicable securities laws. Because
of the risks, uncertainties and assumptions contained herein, investors should
not place undue reliance on forward-looking information. The foregoing
statements expressly qualify any forward-looking information contained herein.


Neither the TSX Venture Exchange nor it Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


Not for distribution to U.S Newswire Services or for dissemination in the United
States. Any failure to comply with this restriction may constitute a violation
of U.S. Securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Knol Resources Corp.
Michael Atkinson
President & CEO
[phone]


Knol Resources Corp.
John Downes
Interim CFO
[phone]