Petroforte Acquires Assets in Alberta and Saskatchewan and Conducts Well Test at Brazeau River

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Petroforte International Ltd. ("Petroforte" or the "Corporation") (TSX
VENTURE:PFI) reports that further to the Corporation's news release of October
1, 2013 wherein it reported that it had acquired the debt of a private company
from a financial institution and that a Receiver had been appointed by the
courts under a security agreement, the private company in question was Expand
Energy Corporation ("Expand") and on Friday, October 11, 2013, a court order was
granted in Expand's receivership approving the sale of its assets to Petroforte
subject to approval by the Alberta Energy Regulator and its Saskatchewan
equivalent. Net cost to Petroforte is approximately $1.10 million.


The assets acquired include productive oil wells in the Lloydminster area of
Saskatchewan and in the Flood area of west central Alberta. At Lloydminster,
Petroforte has purchased a 100% working interest in two productive heavy oil
wells, a 40% working interest (after payout) in another three productive heavy
oil wells and a 3.5% royalty interest in two producing heavy oil wells. The
wells are currently shut-in and will be re-activated with a total expected net
production of 22 Bbls/day. 


At Flood, Petroforte has purchased a 100% working interest in a substantial land
position, namely 23,840 acres (37.25 Sections). The acreage has three productive
Montney horizontal oilwells and 28.5km2 of recently shot, processed and
interpreted 3D seismic. Production facilities are in place and oil has been
produced from the Montney Formation but the wells are currently shut-in awaiting
the drilling and commissioning of a water disposal well. Potential production
from the three wells is estimated at 85 BOPD net of 29.5 degree API oil.
Petroforte also obtained a 100% working interest in a new multi-well oil battery
with all associated equipment.


With respect to the Corporation's interests at Brazeau River, Petroforte has
started work in the field with a recompletion at the 100% working interest
9-5-48-14W5 well. The 9-5 well was a shut-in Rock Creek gaswell. Petroforte
initially commingled the Rock Creek and Basal Quartz zones and performed a short
12 hour flow test. After the recovery of all kill fluid, the commingled zones
yielded a production rate of 825 MCF/D and 65 Bbls/day of 48 degree API
condensate. These two zones have been suspended but can be reactivated in the
future. The well was then completed in the Cardium Formation and stimulated with
a 30 tonne gelled hydrocarbon frac. After full recovery of load oil, the average
flowrates over a two day test were 298 Bbls/day of 44 degree API oil and 794
MCF/D gas. At the end of the two day test, the rates had stabilized at 220
Bbls/day of oil and 805 MCF/D of gas. The well is currently being configured for
production and will come on stream once surface facilities are completed. 


Allan King, President and CEO, commented, "The Expand Energy asset acquisition
and successful commencement of field operations in Brazeau are exciting steps
toward completing our transition into a Western Canadian focused junior
producer. The continuing buyer's market in Canada presents many additional
opportunities to acquire assets at very attractive metrics. Petroforte will
continue to actively pursue projects that complement our profitable growth
strategy."


Petroforte has scheduled an annual general meeting to be held in Calgary on
Tuesday December 10, 2013 and the material will be mailed to its shareholders on
or about November 8, 2013. 


Petroforte is a Canadian oil and gas company focused in Western Canada.

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Petroforte International Ltd.
Harry Knutson
Lead Board Member
[phone]


Petroforte International Ltd.
Allan King
President, CEO & Director
[phone]