Strata-X Ltd. Announces Commencement of Drilling Operations in Vallecitos Project San Benito County, California

Strata-X Ltd. (the company) (TSX VENTURE:SXE) through its wholly owned
subsidiary Strata-X, Inc. has been informed by the Vallecitos Project operator
(Patriot Resources) that the Paul Graham Drilling Rig #5 has been mobilized to
the Rhino # 1 location in San Benito County, California and has begun drilling
operations. The Rhino #1 well is the first well to be drilled based on
subsurface mapping carried out using the 20 square mile 3D seismic survey that
was acquired by the company and its partners in 2010. The company has a 22.5%
working interest in the well with an 18.9% net revenue interest. The well is
located less than 1 mile from the F&I Field which has produced over 3.6 million
barrels of oil from the Eocene Yokut Formation (as reported by Patriot
Resources) from an average depth of 3,300 feet. 


The Rhino well is targeting two intervals of Yokut sands as well as other
secondary targets. The operator has estimated the P50 reserves potential of this
prospect to be approximately 6.3 million barrels if both target sands are
economically productive. The well has been permitted to a depth of 9,000 feet in
order to test the entire prospective intervals and is estimated to take 23 days
to drill and evaluate. The operator has budgeted an estimated $1.4 million to
drill to casing point with the company's share being $313,000.  


This is the first drilling location selected to test for hydrocarbons in traps
interpreted using modern 3D seismic in the Vallecitos Project. Further, the
information gained from this well will be valuable to help identify other
opportunities within the 21,000 acre Vallecitos project. 


Strata-X is a Edmonton, Alberta and Golden, Colorado based company and is
engaged in the business of oil and gas exploration and development with a
variety of exploration opportunities in North Dakota, and production and
development opportunities in California and Texas.. Strata-X has 42,308,156
common shares outstanding and trades under the symbol SXE on the TSX.V 


Public documents for Strata-X Ltd. (formerly known as Ozcapital Ventures Inc.)
Can be found at SEDAR (www.sedar.com)


This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. The use of any of the words "anticipate", "continue", "estimate",
"expect", 'may", "will", "project", "should", 'believe", and similar expressions
are intended to identify forward-looking statements. Such forward-looking
statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Readers are
cautioned that these forward looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected and the forward-looking
statements included in this news release should not be unduly relied upon. See
"Risks and Uncertainties" in the Company's Filing Statement dated August 30,
2011 available on SEDAR at www.sedar.com These forward-looking statements are
made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances save as required
under applicable securities legislation. This news release does not constitute
an offer to sell securities and the Company is not soliciting an offer to buy
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction.