Received by email:

File: Portola News Release May 23, 2012.pdf

                  PORTOLA RESOURCES INC.
                               SUITE 200 � 551 HOWE STREET.
                           VANCOUVER, BRITISH COLUMBIA, V6C 2C2
                                  Telephone: (604) 683-8610
                                   Facsimile: (604) 683-8605

                                                                                     Trading Symbol: PZ
                                        NEWS RELEASE

                          PORTOLA ARRANGES FINANCING

Vancouver, B.C. May 23, 2013- Portola Resources Inc. (the "Company") (TSX-V: "PZ") is
pleased to announce that, subject to regulatory approval, it is arranging a non-brokered private placement
for aggregate gross proceeds of up to $600,000 (the "Private Placement") through the issuance of 4
million common shares at a price of $0.15 per share.

The company may pay a finder's fee on a portion or the entire private placement in accordance with the
policies of the TSX Venture Exchange. Proceeds of the placement will be used for the potential
acquisition of new projects and for general working capital.

The Private Placement is subject to TSX Venture Exchange acceptance.


ON BEHALF OF THE BOARD OF DIRECTORS

s/ "Jeffrey Cocks"
____________________________________
Jeffrey Cocks,
Chief Executive Officer and Director



NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.