CALGARY, ALBERTA--(Marketwire - July 18, 2012) -Petro Viking Energy Inc. ("Petro Viking") (TSX VENTURE:VIK) announces that it will not be proceeding with its $25M brokered private placement as previously announced in its Press Release dated April 18, 2012 due to continuing weakness in global equity markets. A further announcement will be made shortly about the status of the Namibian off-shore transaction and requisite financing.

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