Mr. Luc Desmarais reports

OIL OPTIMIZATION INC PROVIDES CLARIFICATION ON INTEREST-RELATED PAYMENTS

Further to the news release dated July 28, 2014, the terms of the extension of the concession agreement governing block L14-50 require Oil Optimization Inc. to pay interest on the $1-million (U.S.) performance bond at the rate of 15 per cent per annum for a period of approximately three months. The company is currently negotiating with the Ministry of Energy to settle this interest payment obligation.

We seek Safe Harbor.