Toronto, Ontario--(Newsfile Corp. - August 14, 2017) - Advantagewon Oil Corp., (CSE: AOC), (the "Corporation", "Advantagewon")
announced today that it has entered into a Purchase and Sale Agreement to purchase 100% working interests (75% net revenue
interest) in a property lease adjacent in the LaVernia field in the State of Texas. Total purchase price for the lease will be Two
Hundred and Twenty-Five Thousand Dollars ("$225,000.00") USD.
The property Advantagewon is acquiring currently has three existing producing wells on site, which produce on average 15 Bbls of
Oil per day. The Corporation intends on examining applying technologies to increase production of the three existing wells, which
if successful, could potentially triple the daily production capacity of the three existing wells.
Total size of the property that Advantagewon is acquiring via this transaction is 290 acres, and as a result of this
acquisition, Advantagewon now owns approximately 3,500 acres in the LaVernia field.
The Corporation's NI 51-101 (a copy of which is on our website) indicated an undiscounted value of US$96,000,000 for the 1,200
acres included in the report. The Corporation is hopeful that its two recent acquisitions in the LaVernia field will yield similar
results and provide the Corporation with many drilling opportunities.
The Qualified Person for the Corporation is Derek Stonehouse, Senior Exploration Technologies.
About Advantagewon Oil Corp.
Advantagewon Oil Corp., is a Toronto-based Oil Company with a focus on development opportunities in the State of Texas.
Advantagewon currently owns two properties in the State of Texas: the Saratoga property located in Hardin County, Texas; and the
LaVernia property located in Guadalupe County, Texas.
For further information please contact:
Mr. Paul Haber
CEO & Director
Advantagewon Oil Corp.
T: (416) 318-6501
E: paul.haber@aoc-oil.com
W: www.advantagewonoilcorp.com
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The
forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The
forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any
intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations
represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be
correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described
herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is
defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
— 30 —