Vanoil Energy Ltd.: Fluormin Transaction Update and Entry Into Transfer Agreement in Respect of Block L9 Kenya

Vanoil Energy Ltd. (TSX VENTURE:VEL), a TSX-V-listed oil and gas company with a
portfolio of assets in East Africa ("Vanoil"), is pleased to announce that,
following the announcement on 26 March 2013, confirming its intention to acquire
the entire issued and to be issued share capital of AIM-listed Fluormin PLC
(AIM: FLOR) ("Fluormin"), it has received confirmation of Fluormin's
shareholders having passed by the necessary majorities, the resolutions proposed
at the Court Meeting (convened by order of the High Court of Justice in
connection with the scheme of arrangement) and at the general meeting held
yesterday. 


The approval by Fluormin's shareholders of the scheme of arrangement is a
significant step towards the implementation of the scheme, which is expected to
become effective on 17 May 2013, subject to the satisfaction of further
conditions.


Vanoil is also pleased to announce that its newly acquired subsidiary, Avana
Petroleum Kenya Limited ("Avana"), has entered into a transfer agreement with
Dominion Petroleum Kenya Limited ("Dominion") (a wholly owned subsidiary of
Ophir Energy plc), to perfect Avana's title to a 10% participating interest in
Kenya offshore Block L9. Dominion holds the balance of the participating
interest.


Aaron D'Este, President and CEO, commented:

"It was excellent to see such strong support from Fluormin's shareholders at the
meetings held yesterday. The affirmative results are a significant and positive
step in the implementation of the scheme of arrangement. The acquisition of
Fluormin, once completed, will provide an invaluable source of capital for
Vanoil. Execution of the L9 transfer agreement is also a welcome step in the
diversification of our East African asset portfolio. The encouraging results in
neighbouring blocks, and the density of seismic already acquired, give us cause
for optimism in L9."


Vanoil also announces that it has filed a 51-101 report on the prospective
resources of Avana Petroleum Ltd., which is available under the Company's
profile at www.sedar.com.


About Vanoil Energy Ltd.

Based in Vancouver, Canada, Vanoil is an oil and gas company with a portfolio of
assets in East Africa. 


In onshore Kenya, Blocks 3A and 3B were acquired in October 2007 through the
signing of a Production Sharing Contract with the Government of the Republic of
Kenya. These blocks, which cover 24,912 km2, potentially contain prospective
resources in excess of 0.9 boe, positioned between Tullow's recent oil discovery
and Apache's offshore gas well. In offshore Kenya, the anticipated perfection of
a 10% participating interest in 5,110 km2 offshore Block L9, alongside partner
Dominion Petroleum Kenya Limited (a wholly owned subsidiary of Ophir Energy plc
("Ophir")), is estimated by Ophir to represent a net 270 million boe to Vanoil.


In the Seychelles, Vanoil's 25% participating interest alongside partner East
African Exploration Seychelles Limited (a wholly owned subsidiary of Afren plc
("Afren")) in oil and gas exploration Areas A and B, which total some 14,000
km2, has a recoverable mean unrisked prospective resource net to Vanoil
estimated by Afren of 0.7 boe.


Vanoil also has the exclusive right to negotiate a production sharing contract
with the Republic of Rwanda covering 1,631 square kilometres of oil and gas
concessions in the northwestern part of the Republic of Rwanda, better known as
"East Kivu Graben".


Regulatory

The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law. 


This announcement contains statements about Vanoil and Fluormin that are or may
be forward looking statements. All statements other than statements of
historical facts included in this announcement may be forward looking
statements. Without limitation, any statements preceded or followed by or that
include the words "targets", "plans", "believes", "expects", "aims", "intends",
"will", "may", "anticipates", "estimates", "projects" or words or terms of
similar substance or the negative thereof, are forward looking statements.
Forward looking statements include statements relating to the following: (i)
future capital expenditures, expenses, revenues, earnings, synergies, economic
performance, indebtedness, financial condition, dividend policy, losses and
future prospects; (ii) business and management strategies and the expansion and
growth of Vanoil's operations and potential synergies resulting from the
acquisition Of Fluormin; and (iii) the effects of government regulation on
Vanoil's business. Such forward looking statements involve risks and
uncertainties that could significantly affect expected results and are based on
certain key assumptions. Many factors could cause actual results to differ
materially from those projected or implied in any forward looking statements.
Due to such uncertainties and risks, readers are cautioned not to place undue
reliance on such forward looking statements, which speak only as of the date
hereof. Vanoil disclaims any obligation to update any forward looking or other
statements contained herein, except as required by applicable law. 


Cautionary Statement 

By definition of the COGE Handbook - "Undiscovered resources are those
quantities of oil and gas estimated on a given date to be contained in
accumulations yet to be discovered." Further the Handbook states - Caution (per
NI 51-101/5.9(2)(v)(B)) - "There is no certainty that any portion of the
resources will be discovered. If discovered, there is no certainty that it will
be commercially viable to produce any portion of the resource."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Vanoil Energy Ltd.
Don Padgett
[phone]


Vanoil Energy Ltd.
Malcolm Burke
[phone]


Vanoil Energy Ltd.
Scott Rose
[phone] x 227
604 685-5970 (FAX)
www.vanoil.ca


FTI Consulting
Billy Clegg, Natalia Erikssen, Sara Powell
[phone]