OEL

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES 


Octant Energy Corp. (TSX VENTURE:OEL) ("Octant" or the "Company") announces that
all matters put forward at the Annual General and Special Meeting held on May
29, 2013 were approved.


Included in these approvals was the amendment of the Articles of the Company to
add a provision that requires advance notice to the Company in circumstances
where director nominations are made by shareholders of the company other than
pursuant to a proposal or a requisition of shareholders made in accordance with
the Business Corporations Act (British Columbia).


Among other things, the advance notice provision fixes a deadline by which
holders of record of common shares of the Company ("Common Shares") must submit
director nominations to the Company prior to any annual or special meeting of
shareholders and sets forth the information that a shareholder must include in
the notice to the Company.


The alteration to the Company's Articles will be effected immediately. A copy of
the amended Articles will be filed under the Company's SEDAR profile.


Also, further to the news release dated March 19, 2013, the Company has
completed the conditions for the issuance of the shares pursuant debt settlement
agreements to settle outstanding payables and management fees, for the aggregate
settlement amount of $182,291.69, through the issuance of an aggregate of
1,822,916 Common Shares, at a price of $0.10 per Common Share. Included in the
amounts settled are $46,669 payable to the President and CEO of the Company and
$135,622 payable to Silvercup Operations, a corporation controlled by Richard
Schmitt. The debt settlement received disinterested shareholder approval at the
shareholder meeting.


The Common Shares are subject to a four-month hold period from the date of
issuance in accordance with applicable securities laws. 


The transactions contemplated under the debt settlement agreements are subject
to certain conditions including, but not limited to, the receipt of all
necessary approvals, including that of the TSX Venture Exchange.


Reader Advisory

This press release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future exploration drilling,
exploration and production activities and events or developments that the
Company expects, are forward looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
regulatory approvals, continued availability of capital and financing, and
general economic, market or business conditions. 


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
state in the United States in which such offer, solicitation or sale would be
unlawful. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Octant Energy Corp.
Richard Schmitt
CEO and President
North America: +1 (403) 470-6591
rick.schmitt@octantenergy.com

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