Patriot Petroleum Corp. Cancels Acquisition of Petroleum Project in Nepal

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. CANCELS ACQUISITION OF PETROLEUM PROJECT IN NEPAL

May 17, 2012 – Vancouver, British Columbia. Patriot Petroleum Corp. (the “Company”) announces that due to the delays in obtaining transfer approval from the government of Nepal, the Company’s management has determined not to proceed with the acquisition of the petroleum project in Nepal which was previously announced in the Company’s News Releases dated November 22, 2011.

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

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

On behalf of the board of directors:

“Steve Bajic”

Steve Bajic President and Director (604) 628-5614

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.