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VEL

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Share Name Share Symbol Market Type
TSXV:VEL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Vanoil Provides Madogashe I Update

07/08/2013 2:30pm

Marketwired Canada


Vanoil Energy Ltd. (TSX VENTURE:VEL), ("Vanoil" or "the Company") is pleased to
provide an update on the Company's operations at the Madogashe-I drill site
Block 3A in Kenya. As per the condition in the extension granted by the Ministry
of Energy on January 22, 2013, the Company commenced drilling operations prior
to July 31, 2013; thus satisfying the Company's commitment in the amended Blocks
3A and 3B Production Sharing Contract.


Drill site operations have been affected recently by several incidents of local
protest; so at the request of the County Governor the Company has agreed to slow
down drill site operations while working with key stakeholders to address any
concerns they may have.


Aaron D'Este, Vanoil's President and CEO, stated "Vanoil's drilling program in
Garissa is a major project for the county and it must be executed carefully and
safely. Vanoil has engaged with all the key stakeholders to ensure its ongoing
drill program is executed efficiently while having a positive impact on the
local community. The Company acknowledges the cooperation and support received
from the Ministry of Energy, the County Governor and the local members of
parliament (MPs) with regard to the local consultation process".


About Vanoil Energy Ltd.

Vanoil is an oil and gas company with a portfolio of assets in East Africa and
the African state of the Seychelles Islands in the Indian Ocean. 


In Kenya, Vanoil holds a 100% interest in onshore Blocks 3A and 3B, acquired in
October 2007 through the signing of a Production Sharing Contract (PSC) with the
Government of the Republic of Kenya. These blocks cover 24,912 km2 between
Tullow Oil's recent oil discoveries and Apache Corp.'s offshore gas well. 


In the Seychelles, Vanoil has a 25% participating interest alongside partner
Afren plc in offshore Exploration Areas A and B, covering some 14,319 km2.


On behalf of the Board of

VANOIL ENERGY LTD.

Aaron D'Este, President

To find out more about Vanoil, please visit our website at www.vanoil.ca.

Neither 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.


Disclaimer for Forward-Looking Information

This news release includes forward-looking statements that are subject to
assumptions, risks and uncertainties. Statements in this news release which are
not purely historical are forward-looking statements, including without
limitation any statements concerning the Company's intentions, plans, estimates,
beliefs or expectations regarding the future. Although the Company believes that
any such intentions, plans, estimates, beliefs and expectations in this news
release are reasonable, there can be no assurance that any such intentions,
plans, beliefs and expectations will prove to be accurate.


The Company cautions readers that all forward-looking statements, including
without limitation those relating to the Company's future operations and
business prospects, are based on assumptions that cannot be assured and are
subject to certain risks and uncertainties that could cause actual events or
results to differ materially from those indicated in the forward-looking
statements. Readers are advised to rely on their own evaluation of such risks
and uncertainties and should not place undue reliance on forward-looking
statements.


Any forward-looking statements are made as of the date of this news release, and
the Company assumes no obligation to update the forward-looking statements, or
to update the reasons why actual events or results could or do differ from those
projected in the forward-looking statements. The Company assumes no obligations
to update any forward-looking statements, whether as a result of new
information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Vanoil Energy Ltd.
Don Padgett
+1 604 689-1515 x104


Vanoil Energy Ltd.
Malcolm Burke
+1 604 689-1515 x108


Vanoil Energy Ltd.
Scott Rose
+1 604 684-1974 x227


Media and investor enquiries:
FTI Consulting
Natalia Erikssen or Sara Powell
+44 20 7269 9348

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