TriOil comments on recent market developments

CALGARY, Jan. 31, 2013 /CNW/ - TriOil Resources Ltd. ("TriOil" or the 
"Company" - TSXV:TOL) confirms that on January 30, 2013 it received a letter 
from Andylan Capital Strategies Ltd. ("Andylan") requesting various 
initiatives be undertaken by TriOil as set forth in the Andylan press release 
dated January30, 2013 (the "Andylan Letter"). TriOil advises that its 
Board of Directors (the "Board") will review the Andylan Letter and will take 
such steps as the Board determines to be in the best interests of the Company 
and its stakeholders. TriOil will provide an update to the market in that 
regard in due course. 
Furthermore, in respect of the recently announced purchase by PetroBakken 
Energy Ltd.("PetroBakken") of 11,050,330 common shares of TriOil, which 
represents approximately 17.3% of the total issued and outstanding common 
shares of TriOil on a non-diluted basis, TriOil views this investment by 
PetroBakken in TriOil as validating TriOil's ongoing exploration and 
development activities and strong operational positions in two top-tier light 
oil resource projects in TriOil's core areas of Lochend and Kaybob, Alberta. 
TriOil intends to release its 2013 capital expenditure budget and operational 
update following the close of business on February 7, 2013. 
TriOil is a Calgary, Alberta based company engaged in the exploration, 
development and production of petroleum and natural gas. 
TriOil trades on the TSX Venture Exchange under the symbol "TOL". As of 
January 31, 2013, there are approximately 64.0 million shares issued and 
outstanding (70.1 million fully diluted). 
Forward Looking Statements 
This news release contains forward-looking information and forward-looking 
statements within the meaning of applicable securities laws. The use of any of 
the words "expect", "anticipate", "continue", "estimate", "believe", "plans", 
"intends", "confident", "may", "objective", "validates", "ongoing", "will", 
"should", "project", and similar expressions are intended to identify 
forward-looking information. The forward-looking statements contained in this 
document are based on certain key expectations and assumptions made by TriOil. 
Although TriOil believes that the expectations and assumptions on which the 
forward-looking statements are based are reasonable, undue reliance should not 
be placed on the forward-looking statements because TriOil can give no 
assurance that they will prove to be correct. Since forward-looking statements 
address future events and conditions, by their very nature they involve 
inherent risks and uncertainties. Actual results could differ materially from 
those currently anticipated due to a number of factors and risks. These 
include, but are not limited to, risks associated with the oil and gas 
industry in general (e.g., operational risks in development, exploration and 
production; delays or changes in plans with respect to exploration or 
development projects or capital expenditures; the uncertainty of reserve 
estimates; the uncertainty of estimates and projections relating to 
production, costs and expenses, and health, safety and environmental risks), 
commodity price and exchange rate fluctuations and uncertainties resulting 
from potential delays or changes in plans with respect to exploration or 
development projects or capital expenditures. Certain of these risks are set 
out in more detail in TriOil's Annual Information Form which has been filed on 
SEDAR and can be accessed at www.sedar.com and TriOil's other public 
disclosure documents which have been filed on SEDAR and can be accessed at 
www.sedar.com. 
The forward-looking statements contained in this press release are made as of 
the date hereof and TriOil undertakes no obligation to update publicly or 
revise any forward-looking statements or information, whether as a result of 
new information, future events or otherwise, unless so required by applicable 
securities laws. 
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT 
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS 
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 
Russell J. Tripp, President & CEO, TriOil Resources Ltd.; Cheryne Lowe,  VP 
Finance & CFO, TriOil Resources Ltd.; Andrew Wiacek, VP Exploration,  TriOil 
Resources Ltd.; Corporate Phone: (403) 265-4115 
SOURCE: TriOil Resources Ltd. 
To view this news release in HTML formatting, please use the following URL: 
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CO: TriOil Resources Ltd.
ST: Alberta
NI: OIL  
-0- Jan/31/2013 13:00 GMT
 
 
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