CHATHAM, ONTARIO -- (Marketwire) -- 11/09/12 -- PetroShale Inc. ("PetroShale" or the "Company") (TSX VENTURE:PSH) would like to announce that Mr. Daniel M. Jarvie has resigned as a director of the Company. We wish to thank Mr. Jarvie for his efforts and wish him well in his future endeavours. Mr. Jarvie will continue to work with PetroShale as a technical consultant.

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