PetroBakken Announces Share Position in Junior Oil Producer

PetroBakken Announces Share Position in Junior Oil Producer 
CALGARY, ALBERTA -- (Marketwire) -- 01/18/13 -- PetroBakken Energy
Ltd. ("PetroBakken") (TSX:PBN) announces that we have acquired
4,786,700 common shares of TriOil Resources Ltd. ("TriOil") at an
average price of $2.87 per share. These shares, which represent
approximately 7.5% of the issued and outstanding shares of TriOil,
were acquired through the facilities of the CNSX Pure Trading
exchange. As a result of this acquisition, PetroBakken now owns
11,050,330 common shares of TriOil, representing approximately 17.3%
of the total issued and outstanding common shares of TriOil as of the
date hereof, on a non-diluted basis.   
PetroBakken jointly owns lands, producing oil wells, and facilities
with TriOil in the Lochend area of our Cardium business unit. We
acquired the TriOil shares for investment purposes, and our holdings
may be increased or decreased in the future, depending upon economic
or market conditions or matters relating to TriOil.    
An Early Warning Report detailing this ownership position will be
filed on the System for Electronic Document Analysis and Review
("SEDAR") and can be viewed at www.sedar.com. 
PetroBakken Energy Ltd. is an oil and gas exploration and production
company combining light oil Bakken and Cardium resource plays with
conventional light oil assets, delivering industry leading operating
netbacks, strong cash flows and production growth. PetroBakken is
applying leading edge technology to a multi-year inventory of Bakken
and Cardium light oil development locations, along with a significant
inventory of opportunities in the Horn River and Montney gas resource
plays in northeast BC. Our strategy is to deliver accretive
production and reserves growth, along with an attractive dividend
yield. 
FOR FURTHER INFORMATION OR TO OBTAIN A COPY OF THE EARLY WARNING
REPORT REFERRED TO HEREIN, PLEASE CONTACT: 
Contacts:
PetroBakken Energy Ltd.
John D. Wright
President and Chief Executive Officer
(403) 268-7800 
PetroBakken Energy Ltd.
Peter D. Scott
Senior Vice President and Chief Financial Officer
(403) 268-7800 
PetroBakken Energy Ltd.
Bill A. Kanters
Vice President Capital Markets
(403) 268-7800
ir@petrobakken.com
www.petrobakken.com