CALGARY, July 3, 2013 /CNW/ - (TSXV:TOL) TriOil Resources Ltd. ("TriOil" or the "Company") announces that it has entered into exclusive negotiations with another party in connection its previously announced strategic alternatives process. The exclusive negotiation period will likely continue through the end of August 2013. Although the terms, conditions and structuring details of any potential transaction are to be negotiated and discussed, TriOil and its counterparty are contemplating that the potential transaction will represent an acquisition of the Company or all of its assets. At the present time, there can be no assurances or guarantees that these negotiations will result in an acceptable transaction. Further updates in respect of the Company's strategic alternative process will be made in due course.