Announces Interim Private Placement of $160,000

PATRIOT PETROLEUM CORP. NEWS RELEASE 918-1030 West Georgia Street TSX Venture Exchange Vancouver, BC V6E 2Y3 Trading Symbol: PPC

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES NEWSWIRE SERVICES.

PATRIOT PETROLEUM CORP.

ANNOUNCES INTERIM PRIVATE PLACEMENT OF $160,000

March 12, 2012 – Vancouver, British Columbia. Patriot Petroleum Corp. (the “Company”) announces a non-brokered private placement, subject to approval of the TSX Venture Exchange, of up to 1,000,000 common shares (each, a “Share”) at a price of $0.16 per Share for gross proceeds of up to $160,000 (the “Offering”). The Offering is subject to certain conditions including, but not limited to, the receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. The Company intends to use proceeds from the Offering to pursue ongoing business opportunities and for general working capital purposes.

The Shares issued pursuant to the Offering will be subject to a hold period commencing on the closing date of the Offering and expiring on the date that is four months and one day after closing.

The Company may pay any finders’ fees in connection with the Offering as permitted by applicable securities laws and the TSX Venture Exchange.

This news release is not an offer of Shares for sale in the United States. The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This news release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

For further information, please contact Steve Bajic, President, at:

Telephone: (604) 628-5614 Facsimile: (604) 662-7950

On behalf of the Board of Directors,

/s/ Steve Bajic

Steve Bajic President and CEO

Neither 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.