Ten shareholders participate in Petrolia private placement

RIMOUSKI, Sept. 15 /CNW Telbec/ - Petrolia (PEA - TSXV) has negotiated a
private placement with 10 shareholders at a price of $0.45 per unit. The
minimum placement will be $36,000, comprising 18 units of $2000. Each unit
will consist of 4,000 flow-through common shares, 445 common shares and
1,000 share purchase warrants. Each warrant will allow the holder to purchase
one Petrolia share at a price of $0.60 per share until December 31, 2006. The
total proceeds from this placement will be approximately $400,000.
This placement, together with the placement announced on September 14th
will raise approximately $1.2 million in equity capital. These proceeds will
be almost entirely used to complete a second drill phase since the Company
already has sufficient available funds to complete three wells that form the
first phase of the planned drill program.
Petrolia is an efficient and flexible oil and gas exploration company
that remains open to new business associations. This is reflected in recent
additions to the Company's board of directors. Jean-Yves Lavoie, president of
Junex Inc. will become Chairman of the board, replacing Marcel Tremblay, and
will also act as Petrolia's Vice-President of Exploration. In the next few
weeks, the Company will announce a replacement for FranEcois Simard. The board
of directors and management of the Company express their gratitude to
Mr. Tremblay and to Mr. Simard who were so helpful in the early stages of
Petrolia's formation and listing on the TSX Venture Exchange.

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