Strata-X Ltd. Announces Oil Shows in Vallecitos Project Well San Benito County, California

Strata-X Ltd. (Strata-X) (TSX VENTURE:SXE) through its wholly owned subsidiary
Strata-X, Inc. has been informed by the Vallecitos Project operator (Patriot
Resources, LLC) that the 6-31 RD2 stepout well at Vallecitos field is in a
mature producing area, located in San Benito County, California has reached a
total depth of 4,115 feet. The oil shows encountered while drilling the primary
target, Yokut sand, are consistent with what would be expected of a productive
oil reservoir in the area. Strata-X has a 22.5% working interest and a 19% net
revenue interest in the well and project.


Following total depth being reached the drill pipe became stuck in the hole due
to swelling shales. After freeing the pipe, subsequent attempts to enter the
hole failed as the bottom 1,000 feet of the hole, which includes the potential
oil zone, became unusable and electric logs, used to estimate the extent of the
oil pay, could not be run. The Operator has recommended that the well be
sidetracked and new wellbore drilled through the interpreted oil sands so
electric logs can be run in advance of casing and production testing. The
sidetrack operations will begin within a few days and are expected to take
approximately 10 days to complete.


Tim Hoops, Strata-X President, said: "While the loss of the bottom of the hole
is unfortunate we are very encouraged with the oil shows in the Yokut target
zone and believe much of the geologic aspects of the prospect have been
derisked. Our focus now is on completing a successful sidetrack well in the
Yokut reservoir." 


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.