Smooth ROCK Signs Assignment Agreement

551 Howe St.-Suite 200

Vancouver, B.C. V6C 2C2

Tel : 888 909-5548

Fax : 888 909-1033

Trading Symbol: SOCK

SMOOTH ROCK SIGNS ASSIGNMENT AGREEMENT

February 16, 2018 - Smooth Rock Ventures Corp . (“ Smooth Rock ” or the “ Company”)

(TSX.V SOCK) announces it has entered into an assignment agreement (the “ Assignment Agreement”)

with Texas General Oil & Gas, LP (“Texas Oil”) that cancels an existing escrow agreement (the“ Escrow

Agreement”) and assigns all of the Company’s beneficial rights and claims relating to a Farm In

Agreement, which incorporated a joint operating agreement (the “ Farm-In Agreement ”) between the

Company and Anderson County Land Company, Inc. (“ ACLC”) dated February 6, 2013, on the Days

Chapel EOR Project, located in Anderson County, East Texas to Texas Oil (the “Days Chapel Project”).

As a result of the Escrow Agreement being cancelled, Texas Oil will forfeit its rights to the remaining

escrowed common shares being 6,953,032 (27,812,128 pre-consolidation) common shares and 100

Preferred Shares (the “Escrowed Shares”), in exchange for the release of the US$2,000,000 from escrow

to Texas Oil. The Escrowed Shares will be cancelled and returned to treasury, such that the Company’s

issued and outstanding shares will be reduced by 6,953,032 common shares.

Pursuant to the Assignment Agreement, the Company will assign all its beneficial rights and claims (the

“Rights”) with regards to its interests in the Days Chapel Project, including, the Company’s current and

ongoing civil claims with ACLC in the Supreme Court of British Columbia Canada (the “ ACLC

Litigation”) to Texas Oil.

The ACLC Litigation relates to a Civil and Civil Counter Claim in the Supreme Court of British

Columbia Canada, regarding the Farm In Agreement. The Company also filed a Petition against ACLC

and three of its principals in the District Court of Anderson County, Texas.

In exchange for assigning the Rights to Texas Oil, Texas Oil will incur all costs of the ACLC Litigation

(the “Litigation Costs”) from the date of the Assignment Agreement and will: (a) pay the Company 50%

of any cash from the ACLC Litigation, in excess of the Litigation Costs, which Texas Oil will first be

reimbursed for; and (b) assign the Company 50% of any leases minerals, or other interests acquired from

the ACLC Litigation which Texas Oil will purchase, lease or sublease such for their then prevailing

market price in the area as represented by recent transactions.

The Company received TSX Venture Exchange approval of the Assignment Agreement.

ON BEHALF OF THE BOARD

“Jeffrey Cocks”

Jeffrey Cocks

Chairman

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.

(TEL)- (888) 909-5548, (FAX)-(888) 909-1033

Email: [email protected]

Website: www.smoothrockventures.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 release.