Oil Optimization Reclaims Full Ownership of Block L9/48 Onshore Thailand

Oil Optimization Inc. (TSX VENTURE:OOI) ("OOI" or the "Company") announced that
its former joint venture partner has assigned its 50% interest in the Petroleum
Concession Agreement ("PCA") covering Block L9-48 to OOI, giving the Company
100% ownership and control over the Block. Thailand's Department of Mineral
Fuels ("DMF") is also expected to appoint OOI as the official operator going
forward, enabling the exploration program to resume immediately.


Under the terms of the assignment the Company will pay its former joint venture
partner US$200,000 (a) within 60 days after being granted the Production Area
Approval within any part of the Block by the DMF; or (b) within 60 days after
the Company transfers any interest in the concession rights in the Block to a
third party, including any of the Company's affiliates, subsidiaries or any
company under common control of the Company, or one or more companies, which are
directly or indirectly associated by means of shareholding, management or
otherwise, whichever is the earlier.


An independent resource evaluation (the "Report") was completed on Block L9-50
by Petrotech Engineering Limited ("Petrotech") April 30, 2010. Using
probabilistic analysis, Petrotech assigned a total best estimate of Prospective
Resources of 95,000,000 barrels of oil, for the twelve Leads on Block L9-48.


The Report provides an estimate of the potential gross undiscovered oil and gas
prospective resources underlying Block L9/48 and is in addition to Petrotech's
Report dated April 30, 2011, which addressed OOI's 100% interest in the PCA
covering Block L14/50. Petrotech assigned a total best estimate of Prospective
Resources of OOI's 100% interest of 23,700,000 barrels of oil, for the 5 Leads
on Block L14/50.


"OOI's management is pleased with the outcome of the negotiations and now looks
forward to accelerating the work program in the coming months," stated Luc
Desmarais, President and CEO, who added, "The additional 50% interest in Block
L9/48 increases our recoverable prospective resource best estimate by 47,500,000
barrels to 118,700,000 barrels from 17 prospects in the L14/50 and L9/48
Licences. Historic regional geology and 2D seismic data were reviewed by
Petrotech to prepare a probabilistic Prospective Resources Estimate of that
portion of the prospects lying entirely within the L14/50 and L9/48 PCA's."




              OIL OPTIMIZATION INC. PROSPECTIVE RESOURCES                   
                                                                            
Property                         Low Case        Best Case        High Case 
----------------------------------------------------------------------------
                             (million bbl)    (million bbl)    (million bbl)
L14/50 Sum of 5 Prospects             3.7             23.7             77.4 
L9/48 Sum of 12 Prospects            13.5             47.5            165.8 
                         ---------------------------------------------------
Sum of Prospects                     14.9             71.2            197.9 



The estimates were prepared in accordance with the requirements of Canadian
National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities
Section 5.9 ("NI 51-101"). Capitalized terms related to resources
classifications used in this press release are based on the definitions and
guidelines in Section 5.3.5 of the Canadian Oil and Gas Evaluation Handbook
Volume 1.


The Sums of each Prospect and the Sums of Prospects are arithmetic sums, and as
such do not represent the same probability levels as the estimates for the
individual prospects. Prospective Resources are those quantities of oil and gas
estimated to be potentially recoverable from undiscovered accumulations. There
is no certainty that the Prospective Resources will be discovered. If
discovered, there is no certainty that it will be commercially viable to produce
any portion of the prospective resources. Application of any geological and
economic chance factor does not equate prospective resources to contingent
resources or reserves. In addition, the following mutually exclusive
Classifications of Resources were used:


Low Estimate - This is considered to be a conservative estimate of the quantity
that will actually be recovered from the accumulation. This term reflects a P90
confidence level where there is a 90% chance that a successful discovery will be
more than this resources estimate.


Best Estimate - This is considered to be the best estimate of the quantity that
will actually be recovered from the accumulation. This term is a measure of
central tendency of the uncertainty distribution and in this case reflects a 50%
confidence level where the successful discovery will have a 50% chance of being
more than this resources estimate.


High Estimate - This is considered to be an optimistic estimate of the quantity
that will actually be recovered from the accumulation. This term reflects a P10
confidence level where there is a 10% chance that the successful discovery will
be more than this resources estimate.


These distributions do not include consideration of the probability of success
of discovering and producing commercial quantities of oil, but rather represent
the likely distribution of the oil deposits, if discovered. Also, the Sums of
Prospects are arithmetic sums, and as such do not represent the same probability
levels as the estimates for the individual prospects.


Petrotech has acted independently in the preparation of the Reports and its
employees have no direct or indirect ownership in the property appraised or the
area of study described. With respect to Assumptions and Limiting Conditions
within the Reports, the Report is limited to a discussion of the potential
undiscovered oil and gas Prospective Resources of the subject property and does
not attempt to place a value thereon. Petrotech reserves the right to revise its
opinions of reserves and resources, if new information is deemed sufficiently
credible to do so. The accuracy of any estimate is a function of available time,
data and of geological, engineering and commercial interpretation and judgment.
While the resources estimates presented herein are believed to be reasonable,
they should be viewed with the understanding that additional analysis or new
data may justify their revision and Petrotech reserves the right to make such
revision.


About Oil Optimization

Oil Optimization Inc. (TSX VENTURE:OOI) is a Canadian-listed international
junior oil and gas exploration company with operations located onshore Thailand.
OOI currently holds a 100% interest in Blocks L3/50, L14/50 and L9/48, for a
total of 2,500,000 acres. The Company is focused on exploring and developing
each of these blocks as well as seeking accretive acquisitions in the region.


Forward-Looking Statements

This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward-looking information or
statements. More particularly and without limitation, this news release contains
forward-looking statements and information concerning the expected activities of
Oil Optimization. The forward-looking statements and information are based on
certain key expectations and assumptions made by Oil Optimization. Although Oil
Optimization believes that the expectations and assumptions on which such
forward-looking statements and information are based are reasonable, undue
reliance should not be placed on the forward looking statements and information
because Oil Optimization can give no assurance that they will prove to be
correct. By its nature, such forward-looking information is subject to various
risks and uncertainties, which could cause the actual results and expectations
to differ materially from the anticipated results or expectations expressed.
Readers are cautioned not to place undue reliance on this forward-looking
information, which is given as of the date hereof, and to not use such forward-
looking information for anything other than its intended purpose. Oil
Optimization undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required by law.