Petro Viking Acquires P&NG Assets

Mr. Giovanni DeFrancesco, Vice President of Operations of Petro Viking Energy
Inc. (TSX VENTURE:VIK) (the "Company"), announces the Company has completed its
previously disclosed (Stockwatch: June 17, 2011) purchase of a portfolio of
certain petroleum and natural gas assets (the "Assets") located in Alberta for
an aggregate purchase price of $500,000(Cdn.). The Transaction was arm's length.



Production from the Assets averages approximately 50 barrels of oil equivalent
per day comprised of 30 barrels of oil per day and 120mcf per day of gas. The
transaction has an effective date of May 1, 2011 and operatorship of the
properties commenced July 1, 2011. As of July 1, 2010 the production of Petro
Viking averages 90 boe/d. The acquisition was funded with existing cash on hand.



Petro Viking is in the process of finalizing its workover plans to be initiated
during the third quarter, 2011. In addition to the workovers within the
Company's existing properties, several have been identified within the newly
acquired Assets.


The TSX-V has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release. 


Forward-looking information is frequently characterized by words such as
"expect", "schedule", "estimate", "approximate", "intend", "anticipate",
"believe", and other similar words. These statements are only predictions and
are subject to known and unknown risks, uncertainties and other factors that may
cause the actual results to be materially different from those expressed or
implied by such forward-looking information, including but not limited to:
general business, economic, competitive, political and social risks and
uncertainties; risks relating to oil and gas exploration and exploitation
activities; oil and gas prices; acquisition risks; risks relating to greater
resources, and delays in obtaining regulatory approvals. Although the Company
has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with applicable
securities laws.