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File: SKK - 2015-07-03 - Purchase and Sale Agreement.doc



NEWS RELEASE

Strikewell Energy Corp. Announces Purchase and Sale Agreement
Vancouver, July 3, 2015 - Strikewell Energy Corp. (the "Company") (TSXV: SKK) is pleased to announce that its wholly o
--->wned subsidiary Strikewell Capital Corp. ("Strikewell Capital") has entered into an agreement of purchase and sale dat
--->ed June 30, 2015 (the "Agreement") with Mr. John Hislop.  Pursuant to the Agreement, Strikewell Capital has agreed to 
--->purchase an 80% working interest in the Garrington property (the "Garrington Property"), encompassing an area of 604 a
--->cres with one producing Pekisko oil well, the Garrington 06-06-035-02W5 for a purchase price of $1,000,000 (the "Purch
--->ase Price").  The Purchase Price will be paid and satisfied at the closing of the transaction, by way of issuance by S
--->trikewell Capital to Mr. John Hislop of a promissory note in the amount of $1,000,000 (the "Promissory Note").  The Pr
--->omissory Note will be due on the seventh anniversary of the closing of the transaction and will bear interest at a rat
--->e of 15% per annum.  Strikewell Capital may prepay the Promissory Note without penalty.  Upon completion of the transa
--->ction, Strikewell Capital will own a 90% working interest in the Garrington Property.
The closing of the transaction is subject to certain conditions including but not limited to, the receipt of applicabl
--->e regulatory approvals including approval of the TSX Venture Exchange and shareholder approval.
Mr. John Hislop owns 4,230,769 common shares of the Company, representing 49.04% of the issued and outstanding common 
--->shares of the Company.  In addition, Mr. John Hislop is a brother of Mr. David Hislop, President, Chief Executive Offi
--->cer and director of the Company, but Mr. David Hislop informed the other directors of the Company that he has no mater
--->ial interest in the Agreement or the transactions contemplated under the Agreement.
Strikewell Energy Corp. is an oil and gas issuer with its common shares listed on the TSX Venture Exchange.
For further information, please contact Mr. David Hislop at (604) 331-3395 and visit the company website at www.strike
--->wellenergy.com.

NEITHER THE TSX VENTURE EXCHANGE INC. NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF 
--->THE TSX VENTURE EXCHANGE INC.) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
 This press release contains forward-looking information that involve various risks and uncertainties regarding future
---> events.  Such forward-looking information can include without limitation statements based on current expectations inv
--->olving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as statem
--->ents regarding the transfer of the Asset pursuant to the Agreement.  There are numerous risks and uncertainties that c
--->ould cause actual results and Company's plans and objectives to differ materially from those expressed in the forward-
--->looking information, including: (i) adverse market conditions; (ii) risks inherent in the oil and gas industry in gene
--->ral; (iii) the ability of the Company to obtain the approval of the TSX Venture Exchange; and (iv) the shareholders of
---> the Company may not approve the Agreement.  Actual results and future events could differ materially from those antic
--->ipated in such information.  These and all subsequent written and oral forward-looking information are based on estima
--->tes and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice
--->.  Except as required by law, the Company does not intend to update these forward-looking statements.