Major Hydrocarbon acquisition approved

RIMOUSKI, July 26 /CNW Telbec/ - Petrolia (PEA-TSXV) is happy to announce
that the TSX Venture Exchange has approved a purchase agreement dated July 13,
2005, between Junex Inc. (JNX-TSXV) and the company, whereby the company has
acquired 100 per cent of the interest held by Junex in exploration permits
named blocks C and D totalling 6,366 square kilometres, as well as obtaining a
right of first refusal on two other exploration permits named blocks E and F
totalling 5,885 square kilometres, all of which permits are located in the
Gaspe region of Quebec.
Junex retains certain rights of repurchase on its Gastongay and Gaspe
permits, whereby Junex will receive 50% of production revenues by paying 50%
of Petrolia's development costs beyond the initial $10,000,000 that will be
spent by Petrolia. Junex must decide to participate or decline participation
in each down-hole identified geologic structure at the "casing point" for each
structure.
In consideration for the acquisition, the company will issue 3,128,718
shares, constituting the same percentage of shares held by a group of Rimouski-
based investors lead by Andre Proulx. Additionally, Junex shall elect one
director to the Petrolia board of directors.

Appointment

Forming part of the agreement with Junex, Petrolia is pleased to report
that M. Jean-Yves Lavoie will soon join Petrolia as Vice-President
Exploration. Mr. Lavoie is currently a director of Junex, Quebec's only
producer of brine and natural gas. Mr. Lavoie's integration into the Petrolia
organization will further enable the company to become the most dynamic player
in Quebec's young hydrocarbon industry. Andre Proulx will continue as
Petrolia's President and Chief Executive Officer.
For additional information, see the company's April 12 2005 press release
at www.petroliagaz.com .

About Petrolia

Petrolia is an oil and gas company that concentrates on hydrocarbon
exploration in the Gaspe Peninsula. Listed on the TSX Venture Exchange in
February 2005, Petrolia has working capital of $2.7M and a capitalization
15 680 107 common shares issued and outstanding. Near term, Petrolia's goal is
to produce oil and gas from its Gaspe Peninsula properties or from one of its
newly acquired partnership properties. The company is currently conducting a
detailed seismic survey on a potential hydrocarbon reservoir located on the
western border of its original Gaspe property.

The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.