Equitorial Announces Continuation of Non-Brokered Private Placement for up to $1,000,000 __________________________________________________________

Equitorial Exploration Corp. Suite 1400, 1111 West Georgia St.

Vancouver, BC V6E 4M3 http://equitorial.ca

EQUITORIAL ANNOUNCES CONTINUATION OF NON-BROKERED PRIVATE PLACEMENT FOR UP TO $1,000,000 __________________________________________________________

December 24, 2014 TSX Venture Exchange Trading Symbol: EXX

Equitorial Exploration Corp. (the “Company”), announces in connection with regulatory approval from the TSX Venture Exchange (the “Exchange”), it has reserved the price and will continue to conduct a non-brokered private placement (the “Private Placement”) of units of the Company (each a “Unit”) at a price of $0.15 per Unit to raise gross proceeds of up to $1,000,000, previously announced in the Company’s news release of July 11, 2014. Each Unit will consist of one common share of the Company and one half of one transferable share purchase warrant (each whole warrant a “Warrant”). Each Warrant shall be exercisable to acquire one additional common share of the Company for a period of t20wo years at a price of $0.25 per common share.

The Company closed the first tranche of the Private Placement in the amount of $117,750 on August 11, 2014, the second tranche on September 25, 2014, 2014 for $404,749.65 and the third tranche on October 31, 2014 for $145,346, for total gross proceeds of $667,845.65.

All securities issued under the Private Placement will be subject to a four-month hold period from the date of issuance.

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.

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.