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Shamaran Petroleum, Proven and Probable

Shamaran Corporate Update

ShaMaran Petroleum Corp. is a Canadian independent oil development and exploration company with a 27.6% direct interest in the Atrush Block production sharing contract. The Atrush Block is located in the Kurdistan region of northern Iraq.

For further information: ShaMaran Petroleum Corp., Investor Relations, Investor.Relations@shamaranpetroleum.com, www.shamaranpetroleum.com;

Sophia Shane, Corporate Development, Canada +1 604 689 7842;

Robert Eriksson, Investor Relations, Sweden +46 701 112615

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