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File: News Release announcing closingof private placement - October 31, 2014.DOC

Equitorial Exploration Corp.
1400-1111 West Georgia Street
Vancouver, British Columbia
V6E 4M3, Canada
http://equitorial.ca

EQUITORIAL CLOSES THIRD TRANCHE OF  NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $145,346
__________________________________________________________

October 31, 2014 TSX Venture Exchange
 Trading Symbol: EXX

Equitorial Exploration Corp. (the "Company"),  announces that it has closed a third tranche (the "Third Tranche") of i
--->ts non-brokered private placement (the "Private Placement") for gross proceeds of $145,346.55.  The Private Placement 
--->was previously announced in the Company's news release of July 11, 2014.

The Private Placement is for units of the Company (each a "Unit") at a price of $0.15 per Unit. Each Unit consists of 
--->one common share of the Company and one half of one transferable share purchase warrant (each whole warrant a "Warrant
--->"). Each Warrant shall be exercisable to acquire one additional common share of the Company for a period of two years 
--->at a price of $0.25 per common share.

The Company closed a first tranche of the Private Placement in the amount of $117,750 on August 11, 2014 and
a second tranche of the Private Placement in the amount of $404,749.65, for total gross proceeds to date of $667,846.2
--->0.

In connection with closing the Third Tranche, the Company paid aggregate cash finder's fee of $10,211.50 and issued an
---> aggregate of 68,076 broker's warrants (the "Broker's Warrants") to Haywood Securities Inc. ("Haywood") and Richard Fi
--->te ("Fite") as follows: Haywood ($3,750 and 25,000 Broker's Warrants) and Fite ($6,461.50 and 43,076 Broker's Warrants
--->).

Each Broker's Warrant is exercisable to acquire an additional common share of the Company for a period of
two years at a price of $0.25 per common share. All securities issued under the Third Tranche are subject to a four-mo
--->nth and a day hold period from the date of issuance.

The proceeds of the Third Tranche will be used for general working capital, and to fund the Company's various projects
--->, as disclosed in the Company's recent news releases.

On behalf of the Board of Directors
 EQUITORIAL EXPLORATION CORP.   "Dean Pekeski"  
Dean Pekeski, President and Director
 
For further information, please contact either Dean Pekeski or Patrick Power at 604-689-1799.
 
Neither the 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.