Mr. David Hislop reports

STRIKEWELL ENERGY CORP. ANNOUNCES PURCHASE AND SALE AGREEMENT

Strikewell Energy Corp.'s wholly owned subsidiary, Strikewell Capital Corp., has entered into an agreement of purchase and sale dated June 30, 2015, with John Hislop. Pursuant to the agreement, Strikewell Capital has agreed to purchase an 80-per-cent working interest in the Garrington property, encompassing an area of 604 acres with one producing Pekisko oil well, the Garrington 06-06-035-02W5, for a purchase price of $1-million. The purchase price will be paid and satisfied at the closing of the transaction, by way of issuance by Strikewell Capital to John Hislop of a promissory note in the amount of $1-million. The promissory note will be due on the seventh anniversary of the closing of the transaction and will bear interest at a rate of 15 per cent per annum. Strikewell Capital may prepay the promissory note without penalty. Upon completion of the transaction, Strikewell Capital will own a 90-per-cent working interest in the Garrington property.

The closing of the transaction is subject to certain conditions, including, but not limited to, the receipt of applicable regulatory approvals including approval of the TSX Venture Exchange and shareholder approval.

John Hislop owns 4,230,769 common shares of the company, representing 49.04 per cent of the issued and outstanding common shares of the company. In addition, John Hislop is a brother of David Hislop, president, chief executive officer and director of the company, but David Hislop informed the other directors of the company that he has no material interest in the agreement or the transactions contemplated under the agreement.

We seek Safe Harbor.