SXE Strata X Energy Ltd

Strata-X Energy Ltd (TSX VENTURE:SXE) ("Strata-X" or the "Company") has entered
into a loan agreement with Prefontaine Consulting Pty Ltd. ("Prefontaine"), a
company owned and controlled by director and Chairman of the Company, Ron
Prefontaine whereby Prefontaine will provide the Company with a loan facility
for up to two $AUD million dollars ($2,000,000). The terms of this agreement
would see funding available on an as needed basis bearing an interest rate equal
to 6.5%. The outstanding portion of the loan will become fully due and payable
by the earlier of November 9, 2014 or 10 business days following the Company
being listed on the Australian Stock Exchange.


Funding will be used for general working capital and to acquire additional lands
for the Company's Vail Oil Project in the State of Illinois, United States, as
well the exercise of the option acreage in the Maverick Oil Project located in
the State of Texas, United States. The loan is subject to receipt of regulatory
approval, including the approval of the TSX Venture Exchange.


Prefontaine holds a 12.91% interest in the outstanding capital of the Company,
and a 33.13% interest in the Company on a partially diluted basis. As
Prefontaine is a control person of the Company and is owned and controlled by a
director and Chairman of the Company, Ron Prefontaine, the loan is a 'related
party transaction' within the meaning of Multilateral Instrument 61-101
(incorporated by reference into TSX-V Policy 5.9). As a related party
transaction, the following additional disclosures are provided (following the
listing of disclosures in Section 5.2 of MI 61-101).


The review and approval process that has been adopted by the Directors for this
transaction is as follows:




a.  the independent members of the Board of Directors of the Company
    approved the borrowing of the funds; 
    
b.  the Company has determined that distribution of an information circular
    to shareholders, preparation and distribution of a formal valuation and
    seeking of shareholder approval of the loan is not necessary under MI
    61-101 (including TSX-V policy 5.9 which incorporates such policy by
    reference) because: 
    
    i.  the loan is not convertible into any equity securities of the
        Company, has been obtained on reasonable commercial terms and if
        drawn down to the full amount represents 9.88%of the market
        capitalization of the Company and as a result the loan transaction
        falls with an exemption to the minority approval requirements
        described in section 5.7(1)(a) and (f) of MI 61-101; 
        
    ii. the disinterested directors of the Company (i.e. those other than
        Ron Prefontaine) have unanimously approved the transaction; 



Strata-X is a Golden, Colorado based company and is engaged in the business of
oil and gas exploration and development with a variety of exploration
opportunities in North Dakota, California, Colorado and Western Australia and
production and development opportunities in California and Texas. Strata-X has
50,587,105 common shares outstanding and trades under the symbol SXE on the
TSX.V.


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

This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. The use of any of the words "anticipate", "continue", "estimate",
"expect", 'may", "will", "project", "should", 'believe", and similar expressions
are intended to identify forward-looking statements. Such forward-looking
statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Readers are
cautioned that these forward looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected and the forward-looking
statements included in this news release should not be unduly relied upon. See
"Risks and Uncertainties" in the Company's Filing Statement dated August 30,
2011 available on SEDAR at www.sedar.com These forward-looking statements are
made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances save as required
under applicable securities legislation. This news release does not constitute
an offer to sell securities and the Company is not soliciting an offer to buy
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strata-X Energy Ltd.
Tim Hoops
President
720-515-8793
info@strata-X.com


Strata-X Energy Ltd.
Doug Walker
Corporate Secretary
780-439-8995

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