Petro River Enters into Agreement to Acquire Gas-to-Liquids Technology System

Acquisition Intended to Expand Technology-Focused Business Petro River / Petro Spring

New York, NY– February 18, 2015 Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the “Company”) today reported that its wholly owned subsidiary Petro Spring LLC. (“Petro Spring”) has entered into an agreement to acquire substantially all the assets owned by chemical solutions provider Havelide GTL LLC. (“Havelide”), including certain patents, intellectual property, trade secrets, and know-how related to Havelide’s process of converting natural gas to high value liquid products, including naphtha, hydrogen peroxide, and hydrogen gas (the “Acquisition”). The process, named “The Havelide SystemTM” achieves gas-to-liquids (“GTL”) through an advanced proprietary molten salt catalyst.

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