Petrolia completes $750,000 private placement with institutions

RIMOUSKI, Sept. 14 /CNW Telbec/ - Petrolia has completed a $750,000
private placement with Canadian institutional investors. In connection with
this private placement, Petrolia has issued 1,875,000 units at a price of
$0.40 per unit for gross proceeds of $750,000. Each unit consists of one  
flow-through common Petrolia share and one half flow-through common share
purchase warrant. Each whole warrant will entitle the holder thereof to
acquire one additional flow-through common share at a price of $0.50 per
share, until March 13, 2007.
Dundee Securities has acted as lead agent for the investor group. A fee
of 8% of the amount of the placement has been paid to Dundee together with
187,500 broker share purchase warrants exercisable at $0.40 per share until
March 13, 2007. All securities issued under the terms of this placement will
be restricted from trading until January 13, 2006.
The proceeds of this private placement will be used to further Petrolia's
exploration efforts in Quebec. This autumn, Petrolia is drilling three oil/gas
wells in the Gaspe Peninsula. The Company is now in a financial position to
take any drill progam exploration successes into a reservoir development
phase.

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 $1.7 million and currently has 17,555,107 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.