Torquay Oil Corp. Adds Alex Verge to Board of Directors

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES,
TO UNITED STATES NEWS WIRE SERVICES OR TO UNITED STATES PERSONS. 


Torquay Oil Corp. (TSX VENTURE:TOC.A) (TSX VENTURE:TOC.B) ("Torquay" or the
"Company") is pleased to announce that Alex Verge has joined the Company's board
of directors and has agreed to complete a private placement to purchase 450,000
Class A Shares at $0.22 per share, subject to the approval of the TSX Venture
Exchange, for gross proceeds to the Company of $99,000.00.


Mr. Verge is a Professional Engineer with over 30 years of experience in the oil
and gas industry. He is currently the Interim Chief Executive Officer of Sword
Energy Inc., a private junior oil and gas company active in western Canada. Mr.
Verge was the President and Chief Executive Officer of NuVista Energy Ltd. from
its inception in 2003 until 2010, where he helped grow the company from 3,500 to
28,000 boe/day of production. Over that 7 1/2 year period NuVista achieved
annualized growth of 17% and 29% in production per share and reserves per share
growth, respectively.  


Prior to NuVista, Mr. Verge was Vice President of Engineering with Bonavista
Petroleum Ltd. Mr. Verge played a key role in all acquisitions and core
development, helping Bonavista grow from 3,500 - 35,000 boe/day during his
tenure. Prior to joining Bonavista, Mr. Verge worked in the Business Development
group at Poco Petroleums Ltd. and held various engineering positions at Rising
Resources, Shell Canada Resources and Gulf Canada Resources. Mr. Verge has a
Bachelor of Science degree in Chemical Engineering from the University of
Toronto and a Masters of Engineering degree in Chemical and Petroleum
Engineering from the University of Calgary. He is a member of the Association of
Professional Engineers, Geologists & Geophysicists of Alberta. 


"Mr. Verge's addition to the Torquay Board provides the Company with another
strong independent director with valuable relationships and experience in the
Canadian oil and gas industry. His excellent business acumen, engineering
background and M&A experience will be valuable to the Company and its
stakeholders. I am very pleased to welcome Alex to our Board", said Harley
Winger, Chairman of Torquay.


Torquay is a uniquely positioned, oil focused, junior exploration company formed
to generate and develop its own prospects, acquire oil-weighted properties and
participate with joint venture partners in oil exploration and development in
the Western Canadian Sedimentary Basin. The Company's Class A Shares and Class B
Shares trade on the TSX Venture Exchange under the symbols TOC.A and TOC.B. The
Company currently has 48,209,448 Class A Shares and 1,260,000 Class B Shares
outstanding.


READER ADVISORY: 

This news release contains forward-looking statements and forward-looking
information (collectively "forward looking information") within the meaning of
applicable securities laws. In particular, forward looking information in this
news release includes information regarding the proposed private placement. The
forward-looking information is based on certain key expectations and assumptions
made by Torquay, including expectations and assumptions concerning the trading
price of the Company's class A shares and the ability of the Company to access
capital. Although Torquay believes that the expectations and assumptions on
which the forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because Torquay can give
no assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could differ materially
from those currently anticipated due to a number of factors and risks. These
include, but are not limited to: results from operations will not meet with
expectations and risks associated with the oil and gas industry generally.
Additional information on the foregoing risks and other factors that could
affect Torquay' operations and financial results are included in Torquay's
annual information form and other reports on file with Canadian securities
regulatory authorities and may be accessed through the SEDAR website
(www.sedar.com). The forward-looking statements contained in this news release
are made as of the date hereof and Torquay undertakes no obligation to update
publicly or revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so required by
applicable securities laws.  


The term "boe" may be misleading, particularly if used in isolation. A boe
conversion of 6 Mcf: 1 bbl is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not necessarily represent a
value equivalency at the wellhead. Given the value ratio based on the current
price of natural gas as compared to crude oil is significantly different from
the energy equivalency of 1 bbl: 6 Mcf, utilizing a conversion ratio at 1 bbl: 6
Mcf may be misleading as an indication of value.