Strata-X Ltd. Announces Vallecitos Project Update 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 operations on the 6-31 RD2 stepout well at Vallecitos
Field, San Benito County, California, have been suspended until early January
due to the bad condition of the original wellbore. This shutdown will be done
without any standby costs for the rig or outside services. Strata-X has a 22.5%
working interest and a 19% net revenue interest in the well and project.  


Tim Hoops, Strata-X President, said: "It is only prudent that we take this time
off to insure that all of the elements required for a successful operation are
in place and we feel that this is the most cost effective way to proceed. We are
still very encouraged with the oil shows in the Yokut target zone seen in the
first wellbore" 


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.