$408,000 private placement

RIMOUSKI, Oct. 14 /CNW Telbec/ - Petrolia (PEA - TSXV) has completed a
private placement with 10 shareholders at a price of $0.45 per unit for gross
proceeds of $408,000. The minimum placement is $36,000, comprising 18 units of
$2,000. Each unit consists of 4,000 flow-through common shares, 445 common
shares and 1,000 share purchase warrants. Each warrant allows the holder to
purchase one Petrolia share at a price of $0.60 per share until December 31,
2006.
In connection with this private placement, Petrolia has issued
816,000 flow-through common shares, 90,780 common shares and 204,000 common
share purchase warrants. Each warrant will entitle the holder thereof to
acquire one additional common share at a price of $0.60 until December 31,
2006. A fee of 6 % of the amount of the placement has been paids.

About PDetrolia

Petrolia is an oil and gas exploration company that concentrates its
activities primarily in Quebec's Gaspe Peninsula. Petrolia has working capital
of $1.9 million and currently has 18,461,887 shares outstanding. Petrolia's
objective is to become a major player in Quebec's oil and gas industry by
developing a diversified portfolio of exploration properties into producing
assets.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release