Strategic Oil & Gas Ltd. Announces Amendment to Private Placement Terms

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG)
announces that the Company has reduced the subscription price in respect of its
previously announced Private Placements, from $0.54 to $0.50 per common share.
The aggregate gross proceeds from the Private Placements remain unchanged at up
to $50,000,000. 


ADDITIONAL INFORMATION

Additional information is also available at www.sogoil.com and at www.sedar.com.

Forward-Looking Statements

This news release includes certain information, with management's assessment of
Strategic's future plans and operations, and contains forward-looking statements
which may include some or all of the following: (i) expected results of capital
programs including production additions; (ii) expected timelines for completion
of capital projects; (iii) expected closing of the Private Placements; (iv)
expected uses of proceeds from financing; (v) expected dates of oil flow on new
pipelines; and (vi) expected capital projects, associated spending and resulting
net debt; which are provided to allow investors to better understand the
Company's business. By their nature, forward-looking statements are subject to
numerous risks and uncertainties; some of which are beyond Strategic's control,
including the impact of general economic conditions, industry conditions,
volatility of commodity prices, currency fluctuations, imprecision of reserve
estimates, environmental risks, changes in environmental tax and royalty
legislation, competition from other industry participants, the lack of
availability of qualified personnel or management, stock market volatility and
ability to access sufficient capital from internal and external sources, and
other risks and uncertainties described under the heading 'Risk Factors' and
elsewhere in the Company's Annual Information Form for the year ended December
31, 2012 and other documents filed with Canadian provincial securities
authorities and are available to the public at www.sedar.com. Readers are
cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on forward-looking
statements. The principal assumptions Strategic has made includes security of
land interests; drilling cost stability; finance and debt markets continuing to
be receptive to financing the Company, the ability of the Company to monetize
non-core assets and industry standard rates of geologic and operational success.
Actual results could differ materially from those expressed in, or implied by,
these forward-looking statements. Strategic disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
law.


Neither the TSX Venture Exchange nor its 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strategic Oil & Gas Ltd.
Gurpreet Sawhney, MBA, MSc., PEng.
President and CEO
403.767.2949
403.767.9122 (FAX)


Strategic Oil & Gas Ltd.
Michael A. Zuk
VP, Business Development
403.781.2989
403.767.9122 (FAX)
www.sogoil.com