CALGARY, ALBERTA--(Marketwire - Oct. 18, 2012) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Petrox Resources Corp. (TSX VENTURE:PTC) (the "Corporation" or "Petrox") is pleased to announce the appointment of Mr. Edwin Tam as the Chairman of the Board of Directors of the Corporation. Mr. Tam has been actively involved in the significant achievements of the Corporation accomplished since inception of the Corporation, and will continue in a leadership role as Petrox's Chairman of the Board.

The Corporation also announces that it has today issued an aggregate of 1,044,000 incentive stock options ("Options") in accordance with the Corporation's stock option plan to certain of its directors, officers, employees and consultants. Each option, vesting immediately upon grant, entitles the holder thereof to purchase one common share in the capital of Petrox at a price of $0.16 per share until October 17, 2017. On October 17, 2012, the last day that the Corporation's common shares traded prior to the granting of the stock options, the closing trading price of the common shares on the TSX Venture Exchange was $0.16. The stock options and any common shares issued upon exercise thereof will be subject to a four month resale restriction from the date of grant.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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