Equitorial Closes Fourth Tranche of Non-Brokered Private Placement for Gross Proceeds of $135,000 __________________________________________________________

Equitorial Exploration Corp.

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

NOT FOR DISSEMINATION IN THE U.S.

EQUITORIAL CLOSES FOURTH TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $135,000 __________________________________________________________

February 3, 2015 TSX Venture Exchange Trading Symbol: EXX

Equitorial Exploration Corp. (the “Company”), announces that it has closed a fourth tranche (the “Fourth Tranche”) of its non-brokered private placement (the “Private Placement”) announced in previous news releases for gross proceeds of $135,000.

The Private Placement is for units of the Company (each a “Unit”) at a price of $0.15 per Unit. Each Unit consists 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 two years at a price of $0.25 per common share.

Including the Fourth Tranche, the Company has closed gross proceeds of $802,845.65 under the Private Placement.

In connection with closing the Fourth Tranche, the Company paid an aggregate cash finder's fee of $13,500 and issued an aggregate of 90,000 broker's warrants (the “Broker's Warrants”) to Haywood Securities Inc. (“Haywood”) and Richard Fite (“Fite”) as follows: Haywood ($7,500 and 50,000 Broker's Warrants) and Fite ($6,000 and 40,000 Broker’s Warrants).

Each Broker’s Warrant is exercisable to acquire an additional common share of the Company for a period of two years at a price of $0.25 per common share. All securities issued under the Fourth Tranche are subject to a four-month and a day hold period from the date of issuance.

The proceeds of the Fourth Tranche 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.