PFI Canamax Energy Ltd.

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Petroforte International Ltd.  ("Petroforte" or the "Corporation") (TSX
VENTURE:PFI) reports that it has agreed to terms for a non-brokered private
placement ("the Offering") of up to 75,000,000 common shares at $0.20 per share
for gross proceeds of up to $15,000,000. The Corporation has engaged certain
financial institutions as financial advisors ("the Advisory Group") in
connection with the Offering. The Corporation has agreed to pay the Advisory
Group cash fees of 7% of the gross proceeds of the Offering in accordance with
the policies of the TSX Venture Exchange. 


The net proceeds from the Offering are intended to be used to: fund drilling of
the Corporation's earning farm-in Cardium horizontal well at Wapiti which is
expected to cost 3.0MM; re-complete the 2-5 well and install gas compression at
its Brazeau River property for $0.75MM; drill, equip and tie in three producing
wells and one water disposal well plus re-activate three productive Montney
wells at its Flood property at an anticipated cost of $4.0MM and for general
working capital purposes. 


Closing of the Offering will occur on or before December 15, 2013. The Offering
is subject to the approval of the TSX Venture Exchange and the common shares
issued pursuant to the Offering will be subject to a four month hold period. 


About Petroforte

Petroforte is a junior oil and gas company headquartered in Calgary, Alberta
engaged in the exploration, development and production of hydrocarbons within
Alberta and Saskatchewan. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Forward-Looking Statements

This news release contains forward-looking information relating to Petro Forte's
intentions to develop its Brazeau River Flood and Wapiti oil and gas properties
and subsequent drilling programs and other statements that are not historical
facts. Such forward-looking information is subject to important risks and
uncertainties that could cause actual results to differ materially from what is
currently expected, for example: risks related to oil and gas exploration,
development, exploitation, production, marketing and transportation, loss of
markets, volatility of commodity prices, currency fluctuations, competition from
other producers, inability to retain drilling rigs and other services, reliance
on key personnel, and insurance risks. In making such forward-looking
statements, Petro Forte has relied upon certain assumptions relating to
geological settings, commodity prices, the stability of markets and currencies,
the availability of capital, and Petro Forte's ability to continue with the
seismic and drilling programs. You should not place undue importance on
forward-looking information and should not rely upon this information as of any
other date. While Petro Forte may elect to, Petro Forte is under no obligation
and does not undertake to update this information at any particular time, except
as required by applicable securities law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Petroforte International Ltd.
Harry Knutson
Lead Board Member
(604) 724-3212


Petroforte International Ltd.
Allan King
President, CEO & Director
(587) 779 4259

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