AQX Algonquin Oil & Gas Ltd.

PetroShale Inc. ("PetroShale" or the "Company") (TSX VENTURE:AQX) announces the
filing of its: (i) audited annual consolidated financial statements for the year
ended June 30, 2012; (ii) the corresponding Management's Discussion and Analysis
dated October 29, 2012; and (iii) annual information form for the year ended
June 30, 2012 ("AIF"), such AIF containing its disclosure and reports relating
to reserves data and other oil and gas information as required by the Canadian
Securities Administrators National Instrument 51-101 - Standards of Disclosure
for Oil and Gas Activities. An electronic copy of these documents may be
obtained on PetroShale's SEDAR profile at www.sedar.com. To the extent investors
do not have access to the internet, copies of the materials can be obtained on
request without charge by contacting PetroShale.


FOR FURTHER INFORMATION PLEASE CONTACT: 
PetroShale Inc.
James Fair
President and Chief Executive Officer
fairjd@sbcglobal.net


PetroShale (US), Inc.
John Fair
President
john@petroshaleinc.com
www.petroshaleinc.com

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