Mr. Mendel Ekstein reports

PETROLYMPIC LTD. ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING

Petrolympic Ltd. has completed a non-brokered private placement of 3,333,330 common shares of the company on a flow-through (FT) basis at a price of six cents per FT share, for aggregate gross proceeds of $199,999.80.

In connection with the offering, the company paid finder's commissions of an aggregate of $5,999.99 and issued an aggregate of 199,999 finder's shares at five cents per finder's share.

The securities issued under the offering have a hold period of four months and one day from the date of issuance.

The company will use the net proceeds of the offering to explore the company's mineral properties located in Quebec.

About Petrolympic Ltd.

Petrolympic is a junior Canadian gold and lithium mining company in North America. The company is presently focused on its lithium exploration assets in the James Bay region, Basserode and Fourniere in Abitibi region, as well as its gold exploration assets at Vauquelin and Rayon d'Or in the Val d'Or region, all in the province of Quebec, Canada.

We seek Safe Harbor.