Mr. Scott Lewis reports

ORYX PETROLEUM ANNOUNCES AGREEMENT TO DIVEST INTERESTS IN HAUTE MER B LICENSE

A wholly owned subsidiary of Oryx Petroleum Corp Ltd. has entered into a farmout agreement with a subsidiary of Total SA, providing for the transfer of the corporation's 30-per-cent participating interest in the Haute Mer B exploration licence offshore Congo (Brazzaville) to the buyer or an affiliate. All dollar amounts in this news release are in U.S. dollars.

Subject to closing, Oryx Petroleum's interests in Haute Mer B will be transferred for cash consideration of $8-million, payable at closing. The transfer will be deemed to be made with effect from Jan. 1, 2018. As a result, the buyer has agreed to reimburse the corporation for costs incurred by it in relation to Haute Mer B between Jan. 1, 2018, and the date of the farmout agreement and to carry the corporation's share of costs from the date of the farmout agreement to the closing of the transaction. This is expected to result in a further payment to the corporation, at closing, of approximately $5.3-million. The corporation remains responsible for any losses attributable to and arising from Haute Mer B operations prior to Jan. 1, 2018.

The farmout agreement is subject to, among other customary conditions, waiver of pre-emptive rights held by other partners in Haute Mer B, and the consent of such partners and the government of the Democratic Republic of the Congo to the transfer of the Oryx Petroleum interests.

The corporation expects the transaction to close before the end of June, 2018.

Further information regarding the proposed transaction will be available in a material change report to be filed on the corporation's profile on SEDAR within 10 days of the date of this release.

About Oryx Petroleum Corp. Ltd.

Oryx Petroleum is an international oil exploration, development and production company focused on Africa and the Middle East. The Oryx Petroleum group of companies was founded in 2010 by The Addax and Oryx Group PLC. Oryx Petroleum has interests in four licence areas, two of which have yielded oil discoveries. One licence area is located in the Kurdistan region of Iraq, and three licence areas are located in West Africa in the AGC administrative area, offshore Senegal, Guinea-Bissau and Congo (Brazzaville).

We seek Safe Harbor.