Altai Resources Inc V.ATI

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The Superior Court of Quebec Renders a Decision Favourable to Petrolia in its Case Against the Municipality of Gaspe V.PEA | 2 hours ago QUEBEC CITY, QUEBEC--(Marketwired - Feb. 11, 2014) - Pétrolia (TSX VENTURE:PEA) Québec, February 11, 2014, Pétrolia welcomes the decision rendered today by the Superior Court invalidating a municipal by-law adopted by the Municipality of Gaspé. This by-law, which was adopted on December 22, 2012, aimed to establish a minimum distance between drilling and drinking water sources on its territory. The judgment confirms the primacy of the Government of Québec's jurisdiction over natural resource exploration regulation. Pétrolia has indicated its willingness to wait for the release, scheduled for March 31st, of the hydrogeological study commissioned by the Québec government before resuming drilling. "We are pleased with Judge Moulin's decision. Pending the publication of the hydrogeological study scheduled for March, we will continue to work with the Municipality and the Gaspé community in order to keep everyone informed of our activities with regard to health, safety and environmental compliance issues. Our goal is to resume work in accordance with our permits and their corresponding timelines," said Pétrolia CEO Myron Tétreault. The judgment is available for consultation at: https://www.gbvavocats.com/. About Pétrolia Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km² (4 million acres), which represents about 22% of the Québec territory under lease. The leases, the majority of which are located on the Gaspé Peninsula and Anticosti Island, are considered to be very promising and represent almost 71% of the territory under lease for which there is land-based oil potential in Québec. Pétrolia has 70 667 372 shares issued and outstanding. Forward-looking statements Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Pétrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Pétrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Pétrolia does not intend and undertakes no obligation to update these forward-looking statements. 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. Alexandre Gagnon Executive Vice-President [phone] [e-mail] Myron Tetreault President [phone] [e-mail] www.petrolia-inc.com Read more at https://www.stockhouse.com/news/press-releases/2014/02/11/the-superior-court-of-quebec-renders-a-decision-favourable-to-petrolia-in-its#Tv8imwoprF9ekZpi.99