Exito Energy II Inc. Announces Closing of Initial Public Offering

This news release does not constitute an offer to sell or a solicitation of any
offer to buy the common shares in the United States. The common shares have not
been and will not be registered under the U.S. Securities Act of 1933 and may
not be offered or sold in the United States absent registration or an applicable
exemption for the registration requirements of such Act.


Exito Energy II Inc. ("Exito" or the "Corporation") (TSX VENTURE:EXI.P) is
pleased to announce that on May 7, 2013, it successfully completed its initial
public offering ("Offering"), raising gross proceeds of $500,000 pursuant to a
prospectus dated March 28, 2013. An aggregate of 5,000,000 common shares in the
capital of the Corporation (the "Shares") were subscribed for at a price of
$0.10 per Share. The Corporation has received final listing approval from the
TSX Venture Exchange (the "Exchange") for its Shares. The Shares were
immediately halted upon listing on May 7, 2013 but are expected to resume
trading on May 8, 2013 under the stock symbol EXI.P. 


Macquarie Private Wealth Inc. (the "Agent") acted as the agent for the Offering.
The Agent received a cash commission equal to 10% of the gross proceeds of the
Offering and an option to purchase 500,000 Shares at a price of $0.10 per Share
for a period of 24 months from the date of listing of the Shares on the
Exchange. The Agent also received a corporate finance fee of $12,500. 


Upon closing of the Offering, Exito granted 1,000,000 incentive stock options to
its directors and officers which are exercisable within five years from the date
of the grant at an exercise price of $0.10 per Share. As a result of the closing
of its initial public offering, Exito now has 10,000,000 Shares issued and
outstanding (5,000,000 of which are subject to escrow restrictions).


About the Corporation 

Exito is a capital pool company ("CPC") within the meaning of the policies of
the Exchange that has not commenced commercial operations and has no assets
other than cash. The board of directors of Exito consists of Brad Docherty, Eli
Abergel, Bill Matheson, Andrew Oppenheim, Colin Reeves, Brody Loster and Chris
Scase. The officers of the Corporation are Brad Docherty and Eli Abergel. Except
as specifically contemplated in the Exchange's CPC policy, until the completion
of its Qualifying Transaction, the Corporation will not carry on business, other
than the identification and evaluation of companies, business or assets with a
view to completing a proposed Qualifying Transaction.


Forward Looking Information 

This news release contains statements about Exito's expectations regarding the
completion of the application for listing, and the commencement of trading, on
the Exchange that are forward-looking in nature and, as a result, are subject to
certain risks and uncertainties, such as final listing approval from the
Exchange. Although Exito believes that the expectations reflected in these
forward-looking statements are reasonable as Exito assumes it will be able to
fulfill the terms of the conditional listing approval granted by the Exchange,
undue reliance should not be placed on them as actual results may differ
materially from the forward-looking statements. Factors that could cause the
actual results to differ materially from those in forward-looking statements
include failure to fulfill conditions of listing and inability to obtain
required regulatory approvals. The forward-looking statements contained in this
news release are made as of the date hereof, and Exito undertakes no obligation
to update publicly or revise any forward-looking statements or information,
except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Exito Energy II Inc.
Brad Docherty
(403) 472-5767

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