PETROMIN INCREASES WORKING INTEREST IN A FROG LAKE WELL
Petromin Resources Ltd. has completed an agreement dated Jan. 24, 2013, with the original farmee to purchase for the sum of $1 and for other good and valuable considerations its 40-per-cent working interest in well 100/07-17-057-03W4/00 and lands (Township 57, Range 3W4M, Quadrant A of Lsd 7 of Section 17 (petroleum in Mclaren)). This increases Petromin's working interest from 60 per cent to 100 per cent in the above-noted well and lands. Petromin operates three wells at Frog Lake and retains a 45-per-cent and 40-per-cent working interest in the 200/07 and 300/07-17-057-03W4/00 wells and lands respectively. A fourth drilling location has been identified, and the company anticipates farming out the drilling of this fourth location.