Strata-X Project Update: Vail Oil Project

The directors and management of Strata-X Ltd ("Strata-X" or the "Company") (TSX
VENTURE:SXE) are pleased to provide the following update on the Vail Oil
Project. The Vail Oil Project is a new high potential oil development project
currently being leased by Strata-X. 


UPDATE: Leasing for oil and gas exploration rights on the Vail Oil Project has
to date yielded approximately 41,000 gross and 38,900 net acres towards a target
of 50,000 acres. The Company has 100% direct working interest and operates the
project. 


About the Vail Oil Project:

Strata-X is 'First Mover' on the Vail Oil Project 

Strata-X completed an extensive in-house analysis of a highly productive onshore
USA basin earlier this year. The results of this technical work led to the
identification of an unconventional continuous oil field in a dolomitic
reservoir, referred to as the Vail Oil Project, which is interpreted to extend
over an area of approximately 500 square miles. The Project is located on the
western flank of the basin at depths between 3,500 to 5,000 feet. 


In-house analysis of 120 historic wells that intersected the dolomitic reservoir
and preponderance of wells with production, oil and gas recoveries from
formation tests and reported oil shows in samples from the reservoir supports
Strata-X's interpretation that the reservoir is oil saturated. 


Strata-X recognizes direct analogies between the Elm Coulee Oil Field, located
in the Williston Basin, and the Vail Oil Project. According to the Montana Board
of Oil & Gas Conservation website, Elm Coulee has produced over 138 million
barrels of oil equivalent to date from a continuous, unconventional oil field
from the Bakken dolomitic reservoir and is expected to ultimately produce over
200 million barrels of oil (Sonnenberg and Pramudito, 2009). The dolomitic
reservoirs in both Vail and Elm Coulee are of the same geological age, have
similar thickness and are immediately below highly generative source rocks. 


Elm Coulee has about 5 million barrels of oil in place (OOIP) per section
(Walker, et al., 2006) which compares favorably to Vail's interpreted 3 million
barrels of oil in place per section at shallower depths. Strata-X interprets the
target 50,000 net acres at the Vail Oil Project contains over 230 million
(undiscovered) barrels original oil in place. 


Oil was intersected in many historic wells at Elm Coulee but, like Vail, oil
flows and recoveries were sub-commercial in the early vertical wells. More
recent horizontal fracturing treatments at Elm Coulee have resulted in
commercial oil flows with July 2012 production from the field is in excess of
33,000 barrels of oil equivalent per day. Strata-X (Montana Board of Oil & Gas
Conservation website, accessed 9/19/12) believes modern horizontal drilling and
completion techniques on the Vail Oil Project will have similar commercial oil
flows and recoveries as the Elm Coulee results. 


Strata-X commenced acquiring 100% net working interests in oil and gas
exploration rights in two counties in the basin in early 2012. To date, the
Company has acquired approximately 41,000 gross and 38,900 net acres for the
Vail Oil Project at attractive terms. The Company's net revenue interest in the
leases is approximately 86.25% with the primary terms of the leases, including
options to extend, not expiring until the middle of calendar year 2017. The
average total acquisition cost so far has been $68.69 per net acre which
includes all acquisition costs including labor. 


Strata-X is the first mover on the Vail Oil Project. In order for the Company to
continue the low cost entry advantages of being first mover, it does not plan to
reveal the location of the Vail Oil Project until after the Company reaches its
target of at least 50,000 acres. Strata-X hopes to reach this target later this
year. 


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, California, Colorado and
Western Australia and production and development opportunities in California and
Texas. Strata-X has 45,474,005 common shares outstanding and trades under the
symbol SXE on the TSX.V 


Public documents for Strata-X Ltd. 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.