Mr. Dean Pekeski of Equitorial reports

EQUITORIAL ANNOUNCES AMENDMENT TO CARDIFF JOINT VENTURE AGREEMENT AND PROVIDES AN UPDATE ON THE CLAYTON #1H WELL

Equitorial Exploration Corp. has executed an amendment to the joint venture agreement between the company and Cardiff Energy Corp. previously announced in the company's news release of Sept. 30, 2015. Under the newly executed terms with Cardiff, the company has agreed to fund 40 per cent of future lease acquisitions, and will have the option to further fund 40 per cent of the working interest of all future wells that will be on lands acquired in Runnels county, Tex.

The company is also pleased to announce that it has received an update from Cardiff on the Clayton No. 1H well located in Runnels county, Tex. Cardiff reports that the casing cement of the Clayton No. 1H has cured, and site and equipment preparations are in their final stages with lateral drilling scheduled to commence Monday, Oct. 12, 2015. Following five to seven days of lateral drilling, Cardiff will test the well and receive the initial flow rates.