Petrichor Enters Into Participation Agreement for 50% Working Interest in Marble Falls Property, Texas

Petrichor Energy Inc. (TSX VENTURE:PTP)(FRANKFURT:YQN) (Petrichor or the
Company) announces further to its News Release dated July 30, 2012 that it has
now entered into a definitive Participation Agreement, subject to receipt of
regulatory approval, to acquire a 50% working interest in certain acreage
covering approximately 7045 acres located in Young County and Jack County,
Texas, known as the Marble Falls Prospect, together with such additional acreage
as may be acquired by the vendor and agreed to by Petrichor. 


The Prospect formations targeted are in the Mississippi Lime & Marble Falls
formations located in North Central Texas. The Mississippi Lime is a
Mississippian age porous limestone formation that is deposited beneath the
Barnett Shale, which is analogous to the Mississippi Lime play in Kansas and
Oklahoma. The Marble Falls formation is a Pennsylvanian age limestone; analogous
to the Strawn Lime play in West Texas. To date, independent operators have
drilled over 50 vertical and horizontal multi-stage frac'd wells in the Marble
Falls and Mississippi limestone with positive results.


ON BEHALF OF THE BOARD 

Joe DeVries, Chief Executive Officer 

Forward-Looking Statements:

This note contains forward-looking statements regarding future events and
Petrichor's future results. These statements are based on current expectations,
estimates, forecasts, and projections about the industry in which Petrichor
operates and the beliefs and assumptions of Petrichor's management. Words such
as "expects", "anticipates", "targets", "goals", "projects", "intends", "plans",
"believes", "seeks", "estimates", "continues", "may", variations of such words,
and similar expressions, are intended to identify such forward-looking
statements. In addition, any statements that refer to projections of Petrichor's
future financial performance, Petrichor's anticipated growth and potentials in
its business and other characterizations of future events or circumstances are
forward-looking statements. Readers are cautioned that these forward-looking
statements are only predictions and are subject to risks, uncertainties, and
assumptions that are difficult to predict, including those identified elsewhere
herein and Petrichor's filings on www.sedar.com. Therefore, actual results may
differ materially and adversely from those expressed in any forward-looking
statements. Petrichor undertakes no obligation to revise or update any
forward-looking statements for any reason.

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