Mr. Joe DeVries reports

PETRICHOR ANNOUNCES NEGOTIATION OF PRIVATE PLACEMENT OF UP TO $3,000,000 AND PROVIDES UPDATE REGARDING CONVERTIBLE DEBENTURE FINANCING AND MARBLE FALLS PROPERTY ACQUISITION

Petrichor Energy Inc. has negotiated, subject to acceptance by the TSX Venture Exchange, a non-brokered private placement to raise gross proceeds of up to $3-million through the issuance of up to 12 million units at a price of 25 cents per unit, with each unit consisting of one common share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company for a period of two years from the date of issuance at a price of 35 cents per share, provided that, in the event that the weighted average closing price of the company's shares on the exchange equals or exceeds 70 cents during any 20 consecutive trading days commencing four months after the date of issuance of the warrants, then the company may within 30 days of such an occurrence give notice in writing to the holders of the warrants that the warrants shall expire at 5 p.m. (Vancouver time) on the 20th business day following delivery of such notice unless exercised by the holders of the warrants prior to such time.

Proceeds raised from the private placement will be used toward the acquisition and development of the company's oil and gas properties, and for general working capital.

The company may pay finders' fees in connection with the private placement in accordance with the rules and policies of the TSX-V.

Convertible debenture financing and Marble Falls property acquisition update

Further to the company's news release dated June 7, 2013, Petrichor anticipates closing its previously announced convertible debenture financing on or about Sept. 27, 2013, subject to satisfaction of certain conditions, including receipt of final acceptance from the exchange. The first quarterly interest payment under the convertible debentures would be Dec. 31, 2013.

Completion of the convertible debenture financing will be subject to completing the Marble Falls acquisition, and the company plans to close the two transactions concurrently. Proceeds from the convertible debenture financing will also be used toward general working capital.

Upon receipt of confirmation from the exchange that it may do so, the company will attend to SEDAR filing a National Instrument 51-101 report that has been prepared regarding the Marble Falls property.

Both the convertible debenture financing and the Marble Falls acquisition remain subject to receipt of acceptance by the exchange.

We seek Safe Harbor.