SXE Strata X Energy Ltd

Strata-X Ltd. ("Strata-X" or the "Corporation") (TSX VENTURE:SXE) is pleased to
announce that further to its news release on May 15, 2012 and May 24, 2012, it
has held a second and final closing of its non-brokered private placement (the
"Private Placement"). 


The initial closing of the Private Placement was held on June 29, 2012 whereby
the corporation raised gross proceeds of $3,548,750 through the issuance of
2,075,000 units at a price of $0.25 per unit (a "Unit"), and $3,030,000 in
convertible notes ("Convertible Notes"). Following the initial Closing, the
Corporation obtained consent from the TSX Venture Exchange to extend the Private
Placement for an addition 2 weeks. At the second closing of the Private
Placement, the Corporation raised gross proceeds of $275,000 through the
issuance of 300,000 Units and $200,000 in Convertible Notes.


Units are comprised of one common share and one half of a common share purchase
warrant, each such warrant being exercisable to acquire one common share at a
price of $0.60 per share for a period of two years from closing. Convertible
Notes are convertible to units at a deemed price of $0.25 per unit. Each such
unit is comprised of one common share and one-half of a common share purchase
warrant, and such warrants being exercisable to acquire one common share at a
price of $0.50 per share for a period of two years from closing.


The Private Placement is subject to certain conditions including, but not
limited to, the receipt of all necessary regulatory approvals, including final
approval of the TSX Venture Exchange. All securities to be issued under the
Private Placement will be subject to a four-month statutory hold period in
Canada.


As announced in the Corporation's May 15, 2012 news release, the proceeds of the
Private Placement will be used for the acquisition of additional lands in the
Corporation's Vail project in the United States, general working capital and the
costs of the offering. 


Public documents for Strata-X Ltd. can be found at SEDAR (www.sedar.com).

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