Petro Viking Operational Update

Mr. Giovanni DeFrancesco, President & CEO of Petro Viking Energy Inc. (the
"Company") (TSX VENTURE:VIK), provides the following update on the Company's
recent operational activities in the field. The Company initiated workovers on
its Brownfield, Alberta operated property in mid December, 2011 targeting low
risk oil production. A total of three separate fracture stimulations were
conducted on the Viking formation and are in various stages of completion.
Presently production equipment is being installed to evaluate these workovers. 


Also at Brownfield, the Company completed work on a suspended wellbore which
successfully targeted the Colony gas zone. Existing infrastructure is being
utilized to take the gas to market.


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. 


The reader is advised that some of the information contained herein may
constitute forward looking statements within the meaning assigned by National
Instrument 51-102 and other relevant securities legislation. It includes, but is
not limited to, statements with respect to well production and performance,
expected timing of well development and operations including the anticipated
dates for the drilling of wells, oil and gas reserves value, and future sources
of cash to fund operations. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "scheduled", "potential", or other similar words, or
statements that certain events or conditions "may", "should" or "could" occur.
Forward-looking information is based on the Company's expectations regarding its
future growth, results of operations, production, future capital and other
expenditures (including the amount, nature and sources of funding thereof),
competitive advantages, plans for and results of drilling activity,
environmental matters, business prospects and opportunities. Such
forward-looking information reflects management's current beliefs and
assumptions and is based on information currently available to it. The reader is
cautioned that assumptions used in the preparation of such information, although
considered reasonable by the Company at the time of preparation, may prove to be
incorrect and readers are cautioned not to place undue reliance on
forward-looking information, which speaks only as of the date hereof. The
Company does not undertake any obligation to release publicly any revisions to
forward-looking information contained herein to reflect events or circumstances
that occur after the date hereof or to reflect the occurrence of unanticipated
events, except as may be required under applicable securities laws. 


Forward-looking information involves significant known and unknown risks and
uncertainties. A number of factors could cause actual results to differ
materially from the results discussed in the forward-looking information
including risks associated with the impact of general economic conditions,
industry conditions, governmental regulation, volatility of commodity prices,
currency fluctuations, imprecision of reserve and resource estimates,
environmental risks, competition from other industry participants, the lack of
availability of qualified personnel or management, stock market volatility and
the Company's ability to access sufficient capital from internal and external
sources.