PXL

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CALGARY, June 14, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) reports that it has granted an aggregate of 843,500 options at an exercise price of $0.49 per share to directors, officers and employees of Palliser and issued 676,500 Restricted Share Units to officers and employees of the Company, subject to the terms and conditions with the respective plans.

Palliser is a Calgary-based emerging junior oil and gas company currently focused on high netback heavy oil production in the greater Lloydminster area of both Alberta and Saskatchewan. For further information regarding Palliser Oil & Gas Corporation, the reader is invited to visit the Company's website at www.palliserogc.com.

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 Press release.

SOURCE Palliser Oil & Gas Corporation