NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Petrox Capital Corp. (TSX VENTURE:PTC) ("Petrox" or the "Corporation") is
pleased to announce that it has completed the acquisition of 100% working
interests in and to Petroleum and Natural Gas Leases located in the Battle and
Halkirk areas of Alberta (Townships 43, 44, 46 Ranges 15, 16, 19, 20 W4M) from
Richfield Oils Inc. ("Richfield") and Arenal Resources Ltd. ("Arenal") in
exchange for an aggregate of 2,500,000 common shares, a deemed price of $0.19
per common share, and cash of $250,000, for an aggregate deemed purchase price
of $725,000 (the "Acquisition"). The Acquisition was previously announced in a
press release of the Corporation dated June 12, 2012. 


The issuance of shares pursuant to the Acquisition was exempted from securities
legislation under Section 2.13 of National Instrument 45-106 - Prospectus and
Registration Exemptions. The shares issued pursuant to the Acquisition are
subject to a four-month hold period expiring on December 1, 2012.


Prior to the Acquisition, Richfield held an aggregate of 3,000,000 common shares
of Petrox (19%). As a result of the completion of the Acquisition, Richfield now
holds an aggregate of 4,150,000 common shares of Petrox (22%) and thus is now a
Control Person of Petrox, as such term is defined under the policies of the TSX
Venture Exchange (the "Exchange"). Prior to the Acquisition, Arenal held no
shares of Petrox. As a result of the Acquisition, Arenal now holds 1,350,000
common shares (7%) of the issued and outstanding common shares of Petrox.


This press release is jointly issued by Richfield pursuant to National
Instrument 62-103 - The Early Warning System and Related Take-Over Bid and
Insider Reporting Issues. Richfield sold its interests in the leases to Petrox
for commercial gain and in order to assist in Petrox' growth. Richfield has no
present intention to acquire additional securities of Petrox.


READER ADVISORY

Statements included in this press release that are not historical facts may be
considered "forward looking statements". All estimates and statements that
describe the Corporation's objectives, goals or future plans are forward looking
statements. Forward-looking statements involve inherent risks and uncertainties
where actual results could differ materially from those currently anticipated.


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES
HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.
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