Mr. Mendel Ekstein reports

PETROLYMPIC ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Petrolympic Ltd. has closed its non-brokered private placement consisting of 5,195,000 units at a price of eight cents per unit to raise aggregate gross proceeds of $415,600.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase a common share at 18 cents per share for a period of 24 months from closing, subject to acceleration in the event that the common shares trade at or above 30 cents for 30 consecutive trading days.

All securities issued in connection with this offering are subject to a four-month-plus-one-day hold period from the date of issuance in accordance with applicable securities laws.

About Petrolympic Ltd.

Petrolympic is a junior Canadian gold and lithium mining company with strategic assets located in the provinces of Quebec and Ontario, Canada.

We seek Safe Harbor.