Petrichor Increases Non-Brokered Private Placement to $3,600,000 and Announces Acquisition of Additional Interest in the Marb...

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Petrichor Energy Inc. (TSX VENTURE:PTP)(FRANKFURT:YQN) (the "Company" or "PTP")
announces that, subject to acceptance by the TSX Venture Exchange (the
"Exchange"), it has increased its previously announced non-brokered private
placement (refer to Press Release September 5, 2013) to raise gross proceeds of
up to $3,600,000 instead of $3,000,000 (the "Private Placement") by the issuance
of up to 14,400,000 Units (the "Units") at a price of $0.25 per Unit, each Unit
consisting of one common share and one share purchase warrant (the "Warrants").
Each Warrant will entitle the holder thereof to purchase one common share of the
Company for a period of two years from the date of issuance at a price of $0.35
per share, provided that in the event that the weighted average closing price of
the Company's shares on the Exchange equals or exceeds $0.70 during any 20
consecutive trading days commencing four (4) months after the date of issuance
of the Warrants, then the Company may within 30 days of such an occurrence give
notice in writing to the holders of the Warrants that the Warrants shall expire
at 5:00 p.m. (Vancouver time) on the 20th business day following delivery of
such notice unless exercised by the holders of the Warrants prior to such time. 


Proceeds raised from this Private Placement will be used towards the acquisition
and development of the Company's oil and gas properties, and for general working
capital. 


The Company may pay finders' fees in connection with the private placement in
accordance with the rules and policies of the TSX Venture Exchange. 


In addition, the Company announces that it has acquired an additional 16.66%
working interest in the Marble Falls Property (the "Property") from BlakEnergy
Ltd. (refer to Press Release October 1, 2013) for cash consideration of US
$1,387,500 payable on the following terms: US $150,000.00 down payment (paid),
$637,500.00 to be paid upon the closing of the Private Placement, $600,000.00 to
be paid from (i) 15% of the net revenue received by the Company on any wells
drilled, developed and producing on the Property and (ii) 15% of any future
equity financings with the balance, if any, payable by January 31, 2015. Upon
completion, the Company will own a 66.66% working interest in the Property. 


ON BEHALF OF THE BOARD

Joe DeVries, Chief Executive Officer 

The securities referred to in this news release have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration or an applicable exemption
from the U.S. registration requirements.


This news release does not constitute an offer for sale of securities for sale,
nor a solicitation for offers to buy any securities. Any public offering of
securities in the United States must be made by means of a prospectus containing
detailed information about the company and management, as well as financial
statements.


Neither the 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. 


This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the completion of
unit and convertible debenture financing, and other future plans, objectives or
expectations of the Company are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's plans or
expectations include risks relating to: availability of capital and financing
required to complete the contemplated private placements and to continue the
Company's exploration programs and operations; general economic, market or
business conditions; the actual results of current and planned exploration
activities; fluctuating commodity prices; risks associated with participation
agreements, leases, joint ventures and the ability to conclude such agreements
on favourable terms; possibility of accidents, equipment breakdowns and delays
during exploration and production; cost overruns or unanticipated costs and
expenses; regulatory changes and restrictions including in relation to
environmental liability; timeliness of government or regulatory approvals and
other risks detailed herein and from time to time in the filings made by the
Company with securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as
otherwise required by applicable securities legislation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Petrichor Energy Inc.
Joe DeVries
Chief Executive Officer
[phone]
[phone] (FAX)
www.petrichorenergy.com