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Petrichor Extends Closing of Final Tranche of Non-Brokered Private Placement

V.PTP.H

Vancouver, British Columbia--(Newsfile Corp. - January 27, 2017) - Petrichor Energy Inc. (FSE: YQN) (TSXV: PTP) (the Company or PTP) announces further to its News Release December 30, 2016 that the TSX Venture Exchange has accepted an extension for the Company to close the final tranche of its non-brokered financing to February 17, 2017.

ON BEHALF OF THE BOARD

SIGNED: "Joe DeVries"

Joe DeVries, Chief Executive Officer
Contact for further information: (604) 336-8615

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial 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.

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES