Patriot Petroleum Corp. Files Amended Interim Financial Reports and MD&A

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

Patriot Petroleum Corp. Files Amended Interim Financial Reports and MD&A for First and Second Quarters ended March 31, 2011 and June 30, 2011

Vancouver, British Columbia – October 25, 2011 – As a result of a review by the British Columbia Securities Commission (the “Commission”), Patriot Petroleum Corp. (the “Company”) is issuing the following press release to clarify its disclosure. The Company announces that, as a result of a review by the Commission, the Company’s interim financial reports and Management’s Discussion and Analysis for the interim periods ended March 31, 2011 and June 30, 2011, have been amended and restated and, as a result, are being re-filed. The amendments relate to deficiencies noted by the Commission and now include classification of foreign exchange gains and losses to other comprehensive income, adding a column for cumulative translation adjustment to the Statement of Shareholders’ Equity, adding disclosure for cumulative translation adjustment to the Statement of Financial Position and disclosures relating to the transition to IFRS, including disclosures related to foreign exchange, business combinations, sales of long lived assets, asset retirement obligations and IFRS transition. The Company also provided further disclosure and provided enhanced MD&A disclosure with respect to the overall performance section, the results of operations section, the summary of quarterly section and the liquidity and capital resources section.

For further information please contact:

Martin Bajic, Chief Financial Officer Tel: (604) 628-5621 Fax: (604) 628-2650

This news release contains certain statements that may be deemed forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors should change, except as required by law.

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 news release.