Mr. Andre Proulx reports

PETROLIA: FAVORABLE COMPARISON OF ANTICOSTI WITH THE UTICA SHALE IN OHIO

Petrolia Inc. has revealed the results of a petrophysical study done by Schlumberger Canada Ltd. which shows that the Anticosti Macasty can be compared advantageously with the Utica shale in Ohio. The rock parameters of both formations are very similar, including with respect to thickness, total organic carbon (TOC), clay content and hydrocarbon saturation. The porosity of the Macasty shale in the Petrolia Chaloupe well averages 4 per cent to 6 percent, which compares favourably with the Ohio shales with an average of 3 per cent to 5 per cent. This factor, together with the permeability analysis carried out earlier, is a positive indicator of the potential for oil and gas production of the Macasty shale.

The study compares the petrophysical properties of the Utica shale in the Ohio geological survey CO2 No. 1 well with those of the Macasty shale (a lateral equivalent of the Utica shales) in the Petrolia/Corridor Chaloupe No. 1 well on Anticosti Island, Quebec.

Three Chesapeake horizontal wells located between 65 kilometres and 80 kilometres northeast of the OGS CO2 No. 1 have tested between 3.1 million standard cubic feet per day and 9.5 million standard cubic feet per day of gas, and between 980 barrels per day and 1,425 barrels per day of petroleum liquids (see Chesapeake press release on Sept. 28, 2011). Corridor and Petrolia control more than 1.5 million acres of prospective Macasty lands on Anticosti Island.

 COMPARISON OF PETROPHYSICAL PROPERTIES OF THE MACASTY AND THE UTICA

Properties                             Anticosti               OGS CO2 1              
                                   Chaloupe well     Utica shale in Ohio    
Present-day burial depth of                                                 
deposit (top)                  1,000 m (3,280 ft)      1,911 m (6,270 ft)       
Thickness of deposit          40 m (log measured)     40 m (log measured)    
TOC (range in zone)               2% to 4% (core                                 
                                      calibrated)                2% to 4%                
Effective porosity (range)            4 to 6 p.u.             3 to 5 p.u.             
Saturation (% of effective                                                  
porosity)                             approx. 20%           Less than 20%          
Type of fluid in borehole                           Gas with light fluid   
conditions                                          (assumed, core fluid   
                                       Light oil  analysis not available)
Carbonate (range by volume)             5% to 30%              40% to 60%              
Quartz (range by volume)               40% to 50%               5% to 15%               
Clay content                           20% to 40%              20% to 40%               

Dr. Tom Martel, chief geologist for Corridor Resources, is making a presentation about this subject entitled, "A Comparison of Two Utica Shales: Eastern Ohio Versus Anticosti, Quebec," at the Houston NAPE International Forum on Wednesday, Feb. 22, 2012, at 3 p.m.

We seek Safe Harbor.