Leucrotta Exploration to Trade on TSX Venture Exchange - Seite 2

Directors of Leucrotta are Don Cowie, Daryl Gilbert, Brian Krausert, John Brussa, Tom Medvedic, Kel Johnston and Rob Zakresky.

Leucrotta has received conditional listing approval from both the Toronto Stock Exchange and the TSXV but has determined that that it is in the best interest of Leucrotta to list on the TSXV. As a junior oil and gas exploration and production company, Leucrotta will benefit from greater flexibility and costs savings available through listing on the TSXV relative to listing on the Toronto Stock Exchange. Specifically, the TSXV provides extended reporting deadlines, greater flexibility with respect to share issuances and lower costs.

In addition, Leucrotta announces that due to all of the escrow conditions under its $45 million bought deal subscription receipt financing having been met, the gross proceeds from the financing have been released to Leucrotta and the holders of subscription receipts of Leucrotta will receive, without any additional consideration, one common share of Leucrotta for each subscription receipt held.

Leucrotta anticipates closing its fully subscribed $13 million insider private placement of units of Leucrotta ("Units") on or prior to September 12, 2014 ("Insider Private Placement"). Each Unit consists of one common share of Leucrotta and one common share purchase warrant of Leucrotta, with each warrant entitling the holder to acquire one additional common share of Leucrotta for a period of 5 years from the date of issue at an exercise price of $2.04 per common share. Each of the placees under the Insider Private Placement has completed and executed a subscription agreement and Leucrotta anticipates issuing a press release announcing the closing of the Insider Private Placement on or prior to September 12, 2014.

For further details on the subscription receipt financing and the Insider Private Placement please refer to Crocotta Energy Inc.'s press release dated July 8, 2014, a copy of which can be obtained under Crocotta's SEDAR profile at www.sedar.com. For further information about Leucrotta and its management and the board of directors, please refer to Leucrotta's listing application to the TSXV, a copy of which can be obtained under Leucrotta's SEDAR profile at www.sedar.com.

BOE Conversions

Barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.