Received by email:

File: PCO NR May 22 2013.docx

PRESS RELEASE

FOR  IMMEDIATE RELEASE:

SUBJECT:  Phoenix Canada Oil Announces Director Incentive Stock Option Grant
_________________________________________________________________________________

Toronto; 22 May 2013 -- Phoenix Canada Oil Company. Limited  (TSXV: PCO & OTC BB:         PHXCF) announced that incent
--->ive stock options totaling 50,000 shares have been granted to Charles Burns, a Director.  The options are exercisable 
--->at $2.00 per share over a 5 year term, fully vesting after 3 years, and starting as to 25,000 shares on the first anni
--->versary date of the grant, and a further 25,000 shares on the second anniversary date of the grant.  The stock option 
--->terms are defined in the Company's shareholder-approved 2004 Stock Option Plan.
  

About Phoenix Energy Technologies:  
With exclusive ownership of its proprietary "Synfuel" energy technology, the Phoenix rights cover the compounding of h
--->ydrogen with captured carbon emissions, with both components deriving from widely available sources. The "Synfuel" equ
--->ivalent of conventional liquid transportation fuels ranges from light-end jet fuel and kerosene, to mid-range gasoline
--->, and through heavy-end diesel oil products. "Synfuels" will employ, without modification, the already in place multi-
--->trillion dollar transportation and distribution infrastructure. The "Synfuel" technology can also play a pivotal role 
--->in advancing economic Carbon Capture and Storage/Sequestration (CCS) which can be upgraded by the environmentally beni
--->gn and unique Phoenix Carbon Capture and Recycling (CCR) system. Phoenix also projects a leading role in the future "H
--->ydrogen Economy" through control of innovative proprietary technology covering the light-powered generation of lower c
--->ost hydrogen gas from  ordinary water  (and including salt water) feedstocks.

-30-
 

 For further information -- Contact:
	S. Donald Moore; President & CEO

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


File: PCO NR May 22 2013.pdf

Phoenix Canada Oil Company Limited
                3080 YONGE STREET � SUITE 5004 � BOX 60 � TORONTO � ONTARIO � CANADA � M4N 3N1
                                           website: www.phoenix-pco.com � e-mail: phoenix@atlantor.com
                                                     telephone: (416) 368-4440 � telecopier: (416) 865-1382


                                              PRESS R ELE ASE

FOR IMMEDIATE RELEASE:

SUBJECT: Phoenix Canada Oil Announces Director Incentive Stock Option Grant
_________________________________________________________________________________
Toronto; 22 May 2013 -- Phoenix Canada Oil Company. Limited (TSXV: PCO & OTC BB:
    PHXCF) announced that incentive stock options totaling 50,000 shares have been granted to
    Charles Burns, a Director. The options are exercisable at $2.00 per share over a 5 year term,
    fully vesting after 3 years, and starting as to 25,000 shares on the first anniversary date of the
    grant, and a further 25,000 shares on the second anniversary date of the grant. The stock option
    terms are defined in the Company's shareholder-approved 2004 Stock Option Plan.

     About Phoenix Energy Technologies:
     With exclusive ownership of its proprietary "Synfuel" energy technology, the Phoenix rights
     cover the compounding of hydrogen with captured carbon emissions, with both components
     deriving from widely available sources. The "Synfuel" equivalent of conventional liquid
     transportation fuels ranges from light-end jet fuel and kerosene, to mid-range gasoline, and
     through heavy-end diesel oil products. "Synfuels" will employ, without modification, the already
     in place multi-trillion dollar transportation and distribution infrastructure. The "Synfuel"
     technology can also play a pivotal role in advancing economic Carbon Capture and
     Storage/Sequestration (CCS) which can be upgraded by the environmentally benign and unique
     Phoenix Carbon Capture and Recycling (CCR) system. Phoenix also projects a leading role in
     the future "Hydrogen Economy" through control of innovative proprietary technology covering
     the light-powered generation of lower cost hydrogen gas from ordinary water (and including
     salt water) feedstocks.

                                                          -30-


For further information -- Contact:
       S. Donald Moore; President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the 
--->TSX
Venture Exchange) accept responsibility for the adequacy or accuracy of this release.