SRN

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Suroco Energy Inc. (TSX VENTURE:SRN) (the "Corporation") announces the grant of
performance warrants (the "Performance Warrants") to acquire up to 1,550,000
common shares ("Common Shares") of the Corporation at a price of $0.36 per
share, such Performance Warrants to expire three years from the date of grant.
The Performance Warrants all contain a performance milestone based upon
aggregate wellhead production by the Corporation (taken as a whole) for thirty
(30) consecutive days, as determined by the disinterested members of the Board
of Directors of the Corporation, with such performance warrants to vest upon the
achievement by the Corporation of the aforementioned performance milestone. Of
the 1,550,000 Performance Warrants that were granted, Performance Warrants to
acquire up to 50,000 Common Shares contain a performance milestone of aggregate
wellhead production by the Corporation (taken as a whole) exceeding net 1,000
barrels of oil, Performance Warrants to acquire up to 750,000 Common Shares
contain a performance milestone of aggregate wellhead production by the
Corporation (taken as a whole) exceeding net 1,500 barrels of oil and
Performance Warrants to acquire up to 750,000 Common Shares contain a
performance milestone of aggregate wellhead production by the Corporation (taken
as a whole) exceeding net 2,000 barrels of oil.


The Performance Warrants were issued to employees and an consultant of the
Corporation and an officer of Suroco Energy S.L.U. (formerly NCT Corporacion
Petrolera Latinoamericana S.L. ("NCT")), a wholly-owned subsidiary of the
Corporation. Performance Warrants to acquire 1,500,000 Common Shares were issued
in accordance with the Corporation's prior acquisition of NCT (as described in
the Corporation's press release dated April 18, 2008). 


As part of this grant of Performance Warrants, an employee of the Corporation
was granted Performance Warrants (with the 1,000 barrels of oil equivalent
performance milestone) to acquire 50,000 Common Shares, a consultant was granted
Performance Warrants (with the 1,500 barrels of oil equivalent performance
milestone) to acquire 46,699 Common Shares and Performance Warrants (with the
2,000 barrels of oil equivalent performance milestone) to acquire 46,699 Common
Shares and Mr. Leonardo Villarroel, a director and officer of Suroco Energy
S.L.U., was granted Performance Warrants (with the 1,500 barrels of oil
equivalent performance milestone) to acquire 188,093 Common Shares and
Performance Warrants (with the 2,000 barrels of oil equivalent performance
milestone) to acquire 188,093 Common Shares. 


The Corporation also announces the grant of incentive stock options to acquire
up to 150,000 Common Shares at an exercise price of $0.36 per share, such
options to expire five years from the date of grant. These options were granted
to an employee of the Corporation.


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.

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