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Calgary, Alberta, (July 29, 2015) - Petroamerica Oil Corp. (“Petroamerica”) and PetroNova Inc. (“PetroNova”) are pleased to announce the close of the plan of arrangement, that was press released on June 15, 2015, under the provisions of the Business Corporations Act (Alberta) among Petroamerica, PetroNova and the shareholders of PetroNova (the “Arrangement”).

FOR FURTHER INFORMATION PLEASE CONTACT:

Ralph Gillcrist
Director, President and CEO
or
Colin Wagner
CFO

Tel: +1-403-237-8300
Email: mailto:investorrelations@pta-oil.com
Web Page: www.PetroamericaOilCorp.com

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