Santa Maria Petroleum Inc. Announces the Results of the Annual General Meeting

TORONTO, ONTARIO--(Marketwired - June 27, 2013) -

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Santa Maria Petroleum Inc. (The "Company") (TSX VENTURE:SMQ) is pleased to announce the voting results of our annual and special meeting of shareholders ("AGM") held on June 27, 2013.

Election of Directors

The following were elected to the Santa Maria Board of Directors: Andrew DeFrancesco (Chairman), Ronald MacMicken, Gerald Feldman, Steven R. VanSickle, and Douglas Manner.

Appointment of Auditors

MNP LLP was appointed as auditor of the Corporation to hold office until close of the next annual meeting of shareholders or until their successors are duly appointed.

Reconfirmation and approval of Stock Option Plan

Shareholders voted against the reconfirmation and approval of Santa Maria's Stock Option Plan as described in the Information Circular.

The Company invites readers to the website at www.smpetroleum.com. The latest corporate presentation, which was presented at the AGM, may be viewed there.

Cautionary Statements

This news release may contain forward-looking information and forward-looking statements within the meaning of applicable securities laws (together, "forward-looking information"). The use of any of the words "expect", "anticipate", "continue", "estimate", "believe", "plans", "intends", "confident", "may", "objective", "ongoing", "will", "should", "project", "should" and similar expressions are intended to identify forward-looking information.

The forward-looking information is based on certain key expectations and assumptions made by Santa Maria. Although Santa Maria believes that the expectations and assumptions on which the forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Santa Maria can give no assurance that they will prove to be correct.

Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the inherent risks involved in the exploration and development of oil and gas properties, the uncertainties involved in interpreting drilling results and other geological data, uncertainties relating to fluctuating oil and gas prices, the possibility of cost overruns or unanticipated costs and expenses and other factors including unforeseen delays. Anticipated exploration and development plans relating to Santa Maria's properties are subject to change.

The foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information contained in this press release is made as of the date hereof and Santa Maria undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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.