Dr. Ross Gorrell reports

PETROMIN COMPLETES FIRST TRANCHE OF PRIVATE PLACEMENT

Petromin Resources Ltd. has completed closing on the first tranche of its non-brokered private placement announced on Sept. 10, 2014. One million two hundred seventy-five thousand common shares at a price of three cents were issued for gross proceeds of $38,250. The same amount of common share purchase warrants were issued to the placees at the exercise price of five cents in the first year and 10 cents in the second year, expiring Nov. 19, 2016. The company will pay a finder's fee of $1,425 in connection with the private placement. All shares issued with respect to the private placement are subject to a hold period of four months, expiring March 19, 2015. The proceeds from the above financing will be used to finance the workover and recompletion of some existing wells, and for general working capital of the company.