Or for Distribution to United States Newswire Services Equitorial Closes Second Tranche of Non-Brokered Private Placement

Equitorial Exploration Corp.

1400-1111 West Georgia Street Vancouver, British Columbia V6E 4M3, Canada http://equitorial.ca

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

EQUITORIAL CLOSES SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT __________________________________________________________

August 26, 2015 TSX Venture Exchange Trading Symbol: EXX

Equitorial Exploration Corp. (the “Company”) announces that it has closed the second tranche of its nonbrokered private placement (the “Private Placement”) of units of the Company (each a “Unit”) at a price of $0.10 per Unit for gross proceeds of $99,710.60. The Company has raised a total of $369,710.60 under the Private Placement, including the first tranche which closed on July 27, 2015.

Each Unit consists of one common share of the Company and one transferable share purchase warrant (a “Warrant”). Each Warrant is exercisable to acquire one additional common share of the Company for a period of five years at a price of $0.20 per common share.

All securities issued under the Private Placement are subject to a four-month and a day hold period from the date of issuance. Additional restrictions may apply pursuant to Rule 144 of the Securities Act of 1933, as amended, to U.S. investors.

The proceeds of the Private Placement will be used for general working capital, and to fund the Company’s various projects, as disclosed in the Company’s recent news releases.

The TSX Venture Exchange has granted the Company a 30 day extension to close any additional tranches of the Private Placement.

On behalf of the Board of Directors

EQUITORIAL EXPLORATION CORP.

“Dean Pekeski”

Dean Pekeski, President and Director

For further information, please contact either Dean Pekeski or Patrick Power at 604-689-1799.

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.