THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES,
TO UNITED STATES NEWS WIRE SERVICES OR TO UNITED STATES PERSONS. 


Torquay Oil Corp. (TSX VENTURE:TOC.A) (TSX VENTURE:TOC.B) ("Torquay" or the
"Corporation"). Torquay announces that it has re-filed its audited financial
statements for the year ended December 31, 2011, in order to correct an
inadvertent failure to include the Audit Report with the financial statements
that were originally filed on April 30, 2012. There has been no change to the
2011 financial statements themselves. The Corporation's audited 2011 financial
statements and related MD&A are available for review at www.torquayoil.com or
www.sedar.com.


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