TORONTO, ONTARIO -- (MARKET WIRE) -- 12/23/11

APIC Petroleum Corporation (TSX VENTURE:API) (the "Company") announces that it intends to change its year end from June 30 to December 31. The change in the financial year end will allow the Company to provide continuous disclosure information on a comparable basis with its peer group and to align its year end with the year end of its Albanian subsidiary. A Notice of Change of Financial Year-End prepared in accordance with section 4.8 of National Instrument 51-102 will be filed today on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
APIC Petroleum Corporation
Dennis A. Sharp
Chairman and Chief Executive Officer
(416) 367-0150
(416) 367-0165 (FAX)

APIC Petroleum Corporation
John Clark
Chief Financial Officer
(416) 367-0150
(416) 367-0165 (FAX)