VRZ.H

Further to its press release on June 18, 2014, Veraz Petroleum Ltd. ("Veraz")
(TSX VENTURE:VRZ.H) announces its annual and special meeting of shareholders
held on June 20, 2014 was adjourned to 10:00 a.m. (Calgary time) on July 17,
2014 at the offices of Burnet, Duckworth & Palmer LLP, Suite 2400, 525 - 8th
Avenue S.W., Calgary, Alberta, at which time it is anticipated the special
business related to the approval of its previously announced reverse take-over
(the "Reverse Take-Over") by Momentus Energy Corp. ("Momentus") and the related
consolidation and name change will be conducted, all as described in the joint
information circular and proxy statement of Veraz and Momentus dated May 14,
2014 (the "Circular"). 


The directors of each of Veraz and Momentus have unanimously approved the
Reverse Take-Over and continue to recommend that their respective shareholders
vote in favour thereof.


Shareholders of Veraz who have not voted or wish to change their vote with
respect to the Reverse Take-Over and any related matters may do so by following
the instructions set forth on the proxy or voting instruction form provided to
them. 


Disclaimer

Completion of the Reverse Take-Over is subject to a number of conditions,
including TSX Venture Exchange ("TSXV") acceptance and disinterested shareholder
approval. The Reverse Take-Over cannot close until the required shareholder
approval is obtained. There can be no assurance that the Reverse Take-Over will
be completed as proposed or at all. 


Investors are cautioned that, except as disclosed in the Circular prepared in
connection with the Reverse Take-Over, any information released or received with
respect to the Reverse Take-Over may not be accurate or complete and should not
be relied upon. Trading in the securities of Veraz should be considered highly
speculative.


The TSXV in no way passed upon the merits of the proposed Reverse Take-Over and
has neither approved nor disapproved the contents of this press release.


Forward Looking Statements

This press release contains certain statements which constitute forward-looking
statements or information ("forward-looking statements"), including statements
regarding the business expected to be conducted at the adjourned meeting. Such
forward-looking statements are subject to numerous risks and uncertainties, some
of which are beyond Veraz's control, including the ability of Momentus and Veraz
to satisfy the conditions to completion of the Reverse Take-Over, and the
successful completion of Momentus' private placement. Although Veraz believes
that the expectations in the forward-looking statements are reasonable, they are
based on factors and assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently available
information. Such statements are subject to known and unknown risks,
uncertainties and other factors that could influence actual results or events
and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. As such, readers are
cautioned not to place undue reliance on the forward-looking statements, as no
assurance can be provided as to future results, levels of activity or
achievements. The forward-looking statements contained in this document are made
as of the date of this document and, except as required by applicable law, Veraz
does not undertake any obligation to publicly update or to revise any of the
forward-looking statements, whether as a result of new information, future
events or otherwise. The forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Veraz Petroleum Ltd.
Paul Baay
Chairman of the Board
(403) 619-8407

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