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reasonably expects to exceed that net income level in the current year; or (iii) an individual who, either alone or with aspouse, has net assets of at least $5,000,000.

PETROCAPITA securities have not been, and will not be, registered under the United States Securities Act of1933, as amended (the "US Securities Act") or the securities laws of any state, and may not be offered, soldor delivered within the United States or to, or for the account or benefit of, US persons (as defined byRegulation S under the US Securities Act). This document is not for distribution on U.S. wire services or

dissemination in the United States.

FORWARD-LOOKING INFORMATION: This news release may contain certain information that is forward lookingand, by its nature, such forward-looking information is subject to important risks and uncertainties. The words"anticipate", "expect", "may", "should", "estimate", "project", "outlook", "forecast" or other similar words are used toidentify such forward looking information. Those forward-looking statements herein made by PETROCAPITA, if any,reflect PETROCAPITAs beliefs and assumptions based on information available at the time the statements weremade (including, without limitation, that (i) the demand for energy will continue to grow at a pace that is unlikely to bematched by growth in production, and (ii) investment demand for tangible assets such as oil and gas assets willcontinue to increase for the foreseeable future). Actual results or events may differ from those anticipated or

predicted in these forward-looking statements, and the differences may be material. Factors which could causeactual results or events to differ materially from current expectations include, among other things: risks associatedwith the ownership and operation of oil and gas assets, including fluctuations in interest rates; general economicconditions; local markets; supply and demand for energy; competition for available oil and gas assets; weather; the

price of oil and energy commodities; changes in legislation and the regulatory environment; and international trade

and global political conditions. Readers are cautioned not to place undue reliance on any forward-looking informationcontained in this news release (if any), which is given as of the date it is expressed herein. PETROCAPITAundertakes no obligation to update publicly or revise any forward-looking information, whether as a result of newinformation, future events or otherwise.

For further information please contact:Stephen Johnston Managing DirectorPetrocapita Income Trust400, 2424 4th Street SWCalgary, Alberta T2S 2T4Tel: +1.403.218.6506Fax: +1.403.266.1541Email: sjohnston@petrocapita.comWeb: www.petrocapita.com