Patriot Petroleum Corp. Completes Private Placement Financing

PATRIOT PETROLEUM CORP. NEWS RELEASE

918 - 1030 West Georgia Street TSX Venture Exchange Vancouver, BC V6E 2Y3 Trading Symbol: PPC

PATRIOT PETROLEUM CORP. COMPLETES PRIVATE PLACEMENT FINANCING

May 10, 2016 - Vancouver, BC (TSX-V: PPC) Patriot Petroleum Corp. ("Patriot" or the "Company") today announced that it has closed its previously announced private placement for gross proceeds of $500,000 (the "Private Placement").

The Private Placement was comprised of units at $0.02 per unit (each, a "Unit").

A total of 25,000,000 Units were issued pursuant to the Private Placement. Each Unit consists of one common share (each, a "Common Share") and one Common Share purchase warrant which is exercisable to acquire one additional Common Share at a price of $0.05 until May 10, 2021.

Proceeds from the Private Placement will be used for ongoing working capital requirements. All securities issued pursuant to the Private Placement will be subject to a four month hold period expiring on September 11, 2016.

On behalf of the board of

PATRIOT PETROLEUM CORP.

Per: "Gavin Cooper"

Gavin Cooper President and Director For further information please contact Gavin Cooper at:

Telephone: (604) 639-9051

THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. 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

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