Petro Viking Energy Inc.: Press Release

Mr. Irvin Eisler, President of Petro Viking Energy Inc. (TSX VENTURE:VIK) (the
"Corporation") announces the Corporation, a Capital Pool Company, has raised
$1,000,000 by an initial public offering of 5,000,000 common shares which closed
on June 3, 2010. The Corporation's common shares will be listed and posted for
trading on the TSX Venture Exchange on Friday, June 11, 2010 under the symbol
"VIK". Wolverton Securities Ltd. acted as agent for the Corporation's offering.
The Corporation has granted an aggregate of 949,000 stock options to directors
and officers of the Corporation and which are exercisable on or before June 3,
2020 at an exercise price of $0.20 per common share. In addition, warrants to
acquire an aggregate of 420,000 Shares at an exercise price of $0.20 per share
were granted to Wolverton Securities Ltd. and 80,000 Shares to PI Financial
Corp. 


The Corporation is a capital pool company pursuant to Policy 2.4 of the TSX
Venture Exchange (the "Exchange"). Investors are cautioned that trading in the
securities of a capital pool company should be considered highly speculative.
Pursuant to Exchange policies the Corporation has 24 months to identify and
close a qualifying transaction. 


Forward-Looking Statements 

Certain information included herein is forward-looking. Forward-looking
statements include, without limitation, statements regarding the future
financial position, business strategy, budgets, projected costs, capital
expenditures, financial results, taxes and plans and objectives of or involving
Petro Viking. Many of these statements can be identified by looking for words
such as "believe", "expects", "expected", "will", "intends", "projects",
"anticipates", "estimates", "continues", or similar words and include but are
not limited to, statements regarding the accretive effects of the acquisition
and the anticipated results and expected benefits of the acquisition upon
closing thereof. Petro Viking believes the expectations reflected in such
forward-looking statements are reasonable but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon. Forward-looking statements are not guarantees
of future performance and involve a number of risks and uncertainties some of
which are described in Petro Viking's continuous disclosure documents. Such
forward-looking statements necessarily involve known and unknown risks and
uncertainties and other factors, which may cause Petro Viking's actual
performance and financial results in future periods to differ materially from
any projections of future performance or results expressed or implied by such
forward-looking statements. Such factors include, but are not limited to:
general economic, market and business conditions; industry capacity; competitive
action by other companies; refining and marketing margins; the ability of
suppliers to meet commitments; actions by governmental authorities including
increases in taxes; changes in environmental and other regulations; and other
factors, many of which are beyond the control of Petro Viking. Any
forward-looking statements are made as of the date hereof and Petro Viking does
not undertake any obligation, except as required under applicable law, to
publicly update or revise such statements to reflect new information, subsequent
or otherwise.