SXE Strata X Energy Ltd

Strata-X Ltd. ("Strata-X") (TSX VENTURE:SXE) is pleased to announce that the
Western Australian government has conditionally awarded Strata-X 100% rights to
explore approximately 1.4 million acres in the onshore Canning Basin in Western
Australia. The award is conditional upon Strata-X complying with the Native
Title Act of 1993 which is expected to take between 6 and 12 months. The Permit,
L 11-3, was won in a highly competitive acreage release round, in the rapidly
emerging petroleum province, based on a competitive work program.


To view the map associated with this release, please visit the following link:

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The Canning Basin has recently been a global hotspot for shale oil/gas
exploration with the entry of ConocoPhillips and Mitsubishi through farm-in
agreements. Until recently two junior Australian companies 'Buru Energy' and
'New Standard Energy' tightly held the majority of the exploration acreage
within the Canning Basin. In June 2010, Buru Energy announced a $152.4 million
dollar farm-in deal with Mitsubishi. In July 2011 New Standard Energy also
announced a $109.5 million dollar farm-in deal with ConocoPhillips for work
within the Canning Basin.


Strata-X believes the L 11-3 onshore Canning Basin block is prospective for both
conventional and unconventional petroleum within the Carboniferous Laurel
Formation, and prospective for unconventional petroleum in the deeper Devonian
Goldwyer Formation. Recent oil and gas discoveries by Buru Energy within the
Laurel Formation have particularly outlined the potential within this largely
unexplored area of the Basin. 


Buru Energy Limited, a public company listed on the Australian Stock Exchange,
through news releases, have announced the following results within the
Carboniferous Laurel Formation: 


Yullero Field

3C/P10 173.3 mmboe unconventional wet gas

Ungani Oil Field

Conventional Discovery

20 mmbbls recoverable oil

Flow rates up to 1,000 bbls per day

Valhalla Discovery

1,300+ meters of gas shows

2+ TCF unconventional wet gas accumulation

http://www.buruenergy.com/web/Investor_Centre/ASX_Releases/2012/

To view the map associated with this press release, please visit the following
link: 


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The deeper Goldwyer Formation within the L11-3 block is also prospective for
shale oil/gas. In 2011, the EIA (US Energy Information Administration) completed
an assessment within 14 regions outside the United States in the World Shale Gas
Resources Report; April 2011. The EIA focused on the potential of the Goldwyer
Formation and calculated 229 TCF of technically recoverable resources within the
basin.


Tim Hoops, Strata-X President, said: "The entry into Australia is an excellent
opportunity for the company to draw on the strengths of the company's
management. Strata-X Chairman, Ron Prefontaine, and I have extensive experience
in Australian petroleum assets." 


Strata-X is a Edmonton, Alberta and Golden, Colorado based company and is
engaged in the business of oil and gas exploration and development with a
variety of exploration opportunities in North Dakota and Western Australia and
production and development opportunities in California and Texas. Strata-X has
42,563,156 common shares outstanding and trades under the symbol SXE on the
TSX.V


Public documents for Strata-X Ltd. (formerly known as Ozcapital Ventures Inc.)
can be found at SEDAR (www.sedar.com)


This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. The use of any of the words "anticipate", "continue", "estimate",
"expect", 'may", "will", "project", "should", 'believe", and similar expressions
are intended to identify forward-looking statements. Such forward-looking
statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Readers are
cautioned that these forward looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected and the forward-looking
statements included in this news release should not be unduly relied upon. See
"Risks and Uncertainties" in the Company's Filing Statement dated August 30,
2011 available on SEDAR at www.sedar.com These forward-looking statements are
made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances save as required
under applicable securities legislation. This news release does not constitute
an offer to sell securities and the Company is not soliciting an offer to buy
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction.

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