Suroco Energy Inc. Announces Proposed $10 Million Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Suroco Energy Inc. (TSX VENTURE:SRN) (the "Corporation") is pleased to announce
that it has entered into an agreement with Raymond James Ltd. to act on a "best
efforts" agency basis in connection with a private placement of up to 33.3
million units (the "Units") of the Corporation at a price of $0.30 per Unit, for
gross proceeds of up to $10,000,000. Each Unit will be comprised of one common
share of the Corporation ("Common Share") and one-half of one Common Share
purchase warrant ("Warrant"). Each whole Warrant will entitle the holder to
acquire one Common Share for a period of 18 months from the applicable closing
date or dates for the offering, at an exercise price of $0.40 per Common Share.


Closing of this offering is anticipated to occur on or about May 18, 2009 or
such other date or dates that the Corporation and Raymond James Ltd. agree. This
offering is subject to certain conditions including, but not limited to, the
receipt of all necessary regulatory approvals, including the approval of the TSX
Venture Exchange.


All securities issued in connection with this private placement will be subject
to a four-month hold period.


It is anticipated that the net proceeds of the private placement will be used by
Suroco for development drilling in the Corporation's Suroriente production block
in Colombia and for general working capital.


The Corporation is a Calgary-based junior oil and gas company, which explores
for, develops, produces and sells crude oil, natural gas liquids and natural gas
in Colombia and Western Canada. The Corporation's common shares trade on the TSX
Venture Exchange under the symbol SRN.

(TSXV:SRN)
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