Mr. Chien-Yeh Chen reports

PERISSON PETROLEUM CORP. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS AND CLARIFIES SETTLEMENT OF GUARANTEE OBLIGATION

Perisson Petroleum Corp. has released its financial results for the third quarter and nine months ended Sept. 30, 2015. Additionally, the company wishes to provide further clarity to its news releases on Sept. 1 and Sept. 17, relating to the satisfaction of guarantee funds necessary for the acquisition and maintenance of the company's VMM-17 exploration block in Colombia.

This is a difficult time for the world's oil and gas producers, and low oil prices are expected to persist for the next few quarters. While today's industrywide difficulties may not directly impact Perisson, the company has undertaken several steps to eliminate any excessive or unnecessary costs and continues to make cost improvements, resulting primarily from a change of management and moving the head office from Montreal to Calgary.

The attached table summarizes the third quarter 2015 financial and operating results for the company.

                             CORPORATE SUMMARY
                       (all amounts shown in U.S. $)

                                    Three months ended     Nine months ended
                                          Sept. 30,             Sept. 30,
                                       2015       2014       2015       2014

Salaries                            $85,894    $84,699   $295,668   $263,381
Professional and consulting fees     71,810    141,681    371,347    389,715
Accommodation and travel                 --     70,752     35,612    230,744
Office and general                   67,269     73,057    170,416    247,159
Settlement with shareholder         900,000         --    900,000         --
Loss and comprehensive loss       1,478,806    457,671  2,217,015  1,287,713

In 2009, Gary Chen, chief executive officer of the corporation, provided financing in the amount of $900,000 (U.S.) for the purposes of posting, on behalf of the corporation, guarantee funds necessary for the acquisition and maintenance of the company's VMM-17 exploration block in Colombia. In 2013, the company and Mr. Chen came to an understanding whereby Mr. Chen assigned the guarantee funds to the company following which the company and Mr. Chen would approach the former shareholders of Igual Holdings, who had received Perisson shares as part of the company's reverse takeover transaction in 2012 for offsetting share compensation. Upon review of the matter, it became apparent to the board of directors of the company that the offsetting share compensation was never received, and it was a reasonable determination that such compensation would now be impossible to accomplish. As such, it was determined that compensation to Mr. Chen in an amount equal to the original principal amount of the guarantee funds was warranted.

These funds were repaid from part of the proceeds of the company's September financing, as disclosed in the company's Sept. 1, 2015, press release relating to the financing of the guarantee. The settlement funds have been accounted for as an expense in the company's Sept. 30, 2015, interim financial statements.

We seek Safe Harbor.