Strata-X Energy Ltd.

Maiden Illinois Vertical Well Program

DENVER, COLORADO and BRISBANE, QUEENSLAND AUSTRALIA and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 21, 2014) - The directors and management of Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX VENTURE:SXE) (ASX:SXA) are pleased to announce that the Company has submitted a vertical drilling application to the Illinois Department of Natural Resources. The proposed 3,800 foot vertical well, named the Douglas Fir #1, will target shallow Mississippian formations on the Copper Mountain Oil Project which formations have historically produced over 1.5 billion barrels of oil within a 32km radius of Strata-X's Illinois projects.⁽¹⁾

As part of the evaluation of the Copper Mountain Oil Project, Strata-X's exploration team led by Dr. Ira Pasternack has identified numerous vertical well drilling opportunities. The team has commenced an ongoing detailed mapping and evaluation of the shallow oil zones that are extremely prolific in the immediate area having produced in excess of 1.5 billion barrels of oil within a 32 kilometer radius of the project. Most of the historical wells were drilled when oil prices were significantly lower and without the benefit of modern drilling and completion practices. The Company's evaluation of these areas indicates that significant opportunity exists in direct offsets to historical wells and potential recompletions in bypassed pay intervals. The Company only recently embarked on this evaluation and has already identified over 65 potential drilling locations and expects to identify many more in the coming months.

MULTIPLE SHALLOW DRILLING PROGRAM PLANNED

The Company has received a drilling and completion estimate from its third party consulting engineer totaling USD$109,000 for drilling and $112,000 for completing the proposed well. The Company views the vertical well economics targeting the shallow Mississippian zones as outstanding compared to other industry opportunities. The Company expects the permit will be granted in 45 days with exploration efforts beginning shortly thereafter. The proposed well is located on the first of multiple vertical prospects that the Company has identified on the Copper Mountain Oil Project. It is expected that additional drilling applications will be submitted in the coming weeks targeting other vertical prospects in the area.