TriOil Resources Ltd. shareholders approval for TriOil sales to PKN ORLEN

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 12 November 2013 TriOil Resources Ltd. ("TriOil") shareholders represented on TriOil Meeting approved by a majority of approximately 95% votes cast a resolution (“Resolution”) which accept an arrangement agreement (“Arrangement Agreement”) concluded between TriOil and ORLEN Upstream Sp. z o.o. (“ORLEN Upstream”). On the basis of the Arrangement Agreement ORLEN Upstream International B.V. (“ORLEN Upstream International”) will purchase all of the issued and outstanding class A common shares of TriOil ("Common Shares"), representing 100% of registered capital of TriOil as well as 100% of the total votes at a meeting of TriOil shareholders.

The Resolution passed by TriOil shareholders will be submitted to competent Canadian Alberta court (Court of Queen’s Bench), which will issue a final order (“Final Order”) confirming the correctness of the transaction process. The Final Order will be submitted to the register of entrepreneurs, which will issue a certificate confirming ORLEN Upstream International rights to all TriOil Common Shares.

TriOil is a Calgary, Alberta, Canada based company engaged in the exploration, development and production of petroleum and natural gas. More information about TriOil can be found at http://www.trioilresources.com/.

PKN ORLEN owns 100% of the registered capital of ORLEN Upstream. ORLEN Upstream owns 100% of the registered capital of ORLEN Upstream International.

See also: regulatory announcement no 343/2013 dated 16 September 2013.