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PETROLYMPIC COMPLETES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT (Petrolympic Ltd)

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(Source: Petrolympic Ltd) TORONTO, ONTARIO (July 5, 2013) - Petrolympic Ltd. (TSX-V: PCQ) (the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Private Placement"), pursuant to which it has issued 2,578,000 units of the Corporation (the "Units") at a price of $0.06 per Unit for aggregate gross proceeds of $154,680. Each Unit consists of one common share of the Corporation (a "Unit Share") and one common share purchase warrant (a "Warrant"). Each Warrant...

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