Strata-X ASX Listing Advances - Company Updates

GOLDEN, COLORADO USA, BRISBANE, QUEENSLAND AUSTRALIA and VANCOUVER, BRITISH COLUMBIA CANADA . March 8, 2013 (Pacific Daylight Time-Canada)-

The directors and management of Strata-X Energy Ltd. (“Strata-X” or the “Company”) (TSX.V:SXE) (ASX:SXA) are pleased to announce that further to the Company’s press releases dated February 12, 2013 and March 7, 2013 that it has been informed by the Australian Securities Exchange (“ASX”) that Strata-X will be formally listed on the ASX and begin trading on the week of March 11, 2013.

Additionally, further to the Company’s press releases dated November 27th, 2012 and December 4th, 2012, the loan from Prepet Pty Ltd ATF the Jarat Trust (“Prepet”) has been repaid. As discussed further in the Company’s 2013 Prospectus lodged with the Australian Securities and Investment Commission ("ASIC") for the Company’s Australian Initial Public Offering (“IPO”) on the ASX, the loan was repaid using funds received from the IPO.

In total, AUD$2,029,308.95 was repaid to Prepet comprising of a principal repayment of AUD$2,000,000 and AUD$29,308.95 in interest. Through an arrangement made between the Company and Prepet during the IPO, AUD$350,000 in application money owing from Prepet was initially set off against the balance of the outstanding amount owing under the loan agreement. Upon being notified by the ASX that Prepet’s application money needed to be received by the Company in cleared funds, the Company reversed the offset arrangement and the AUD$350,000 was paid by Prepet to the Company and subsequently repaid to Prepet in satisfaction of the outstanding balance owing under the loan agreement.

Strata-X is a Golden, Colorado (USA) based company and is engaged in the business of oil and gas exploration and development with a variety of exploration opportunities in North Dakota, California, Colorado, Illinois and Western Australia and production and development opportunities in California. Strata-X has 80,932,720 common shares outstanding and trades under the symbol “SXE” on the TSX.V and “SXA” on the ASX.

For Further information contact:
Tim Hoops
President
720-515-8793
info@strata-X.com

or

Colin Christensen
Investor Relations
403-483-8363
colin@strata-x.com

Public documents for Strata-X Ltd. can be found at SEDAR (www.sedar.com)

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. The use of any of the words "anticipate", "continue", "estimate", "expect", 'may", "will", "project", "should", 'believe", and similar expressions are intended to identify forward-looking statements. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected and the forward-looking statements included in this news release should not be unduly relied upon. See "Risks and Uncertainties" in the Company's Filing Statement dated August 30, 2011 available on SEDAR at www.sedar.com These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Neither 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.