SRN

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Suroco Energy Inc. (TSX VENTURE:SRN) ("Suroco" or the "Corporation") announces
that further to its joint press release of June 19, 2014 with Petroamerica Oil
Corp. ("Petroamerica"), Suroco has filed on SEDAR at www.sedar.com the
supplement dated June 22, 2014 (the "Supplement") to the Management Information
Circular and Proxy Statement of Suroco dated May 27, 2014 (the "Information
Circular"). The Supplement will also be available on the Corporation's website
at www.suroco.com. The Information Circular is filed in connection with the
solicitation of proxies by and on behalf of the management of the Corporation
for use at the annual and special meeting of shareholders of Suroco (the "Suroco
Shareholders") scheduled to be held at 10:00 a.m. (Calgary Time) on June 25,
2014 (the "Meeting"), or at any adjournment(s) or postponement(s) thereof, at
the offices of Gowling Lafleur Henderson LLP at TD Canada Trust Tower, Suite
1600, 421 - 7th Avenue SW, Calgary, Alberta and for the purposes set forth in
the notice of annual and special meeting accompanying the Information Circular. 


Suroco Shareholders are advised to read the Supplement carefully and in its
entirety, as it contains information regarding the June 19, 2014 amendment to
the arrangement agreement dated April 26, 2014 between Petroamerica and Suroco
(the "Petroamerica Arrangement"). Under the Petroamerica Arrangement,
Petroamerica will acquire all of the issued and outstanding shares of Suroco for
consideration of an increased value equal to $0.80 per common share of Suroco.
The Supplement also sets forth pro forma information for Petroamerica upon
completion of the Petroamerica Arrangement.


General 

Suroco 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. The Corporation's common shares trade on the TSX Venture Exchange
under the symbol SRN.


Forward-Looking Statements

Certain statements included in this press release constitute forward-looking
statements under applicable securities legislation. These statements relate to
future events or future performance of the Corporation. All statements other
than statements of historical fact are forward-looking statements. In some
cases, forward-looking statements can be identified by terminology such as
"may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate",
"predict", "potential", "continue", or the negative of these terms or other
comparable terminology. Forward-looking statements or information in this press
release include, but are not limited to, the completion of the Petroamerica
Arrangement and the timing of the Meeting. Readers are cautioned not to place
undue reliance on forward-looking statements, as there can be no assurance that
the plans, intentions or expectations upon which they are based will occur. By
their nature, forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties, both general and specific, that contribute to
the possibility that the predictions, estimates, forecasts, projections and
other forward-looking statements will not occur, which may cause actual
performance and results in future periods to differ materially from any
estimates or projections of future performance or results expressed or implied
by such forward-looking statements. These assumptions, risks and uncertainties
include, among other things, the state of the economy in general and capital
markets in particular; fluctuations in oil prices; the results of exploration
and development drilling, recompletions and related activities; changes in
environmental and other regulations; risks associated with oil and gas
operations and future exploration activities; the inability to obtain regulatory
approval for any operational activities; inability to get all necessary
approvals for the completion of the Petroamerica Arrangement; the risks of the
oil and gas industry in general, such as operational risks in exploring for,
developing and producing crude oil and natural gas, market demand and
unpredictable shortages of equipment and/or labour; potential delays or changes
in plans with respect to exploration or development projects or capital
expenditures; fluctuations in oil and gas prices, foreign currency exchange
rates and interest rates; reliance on industry partners; and other factors, many
of which are beyond the control of Suroco or Petroamerica. You can find an
additional discussion of those assumptions, risks and uncertainties in Suroco's
and Petroamerica's Canadian securities filings. 


Although Suroco has attempted to identify important factors that could cause
actual actions, events, results, performance or achievements to differ
materially from those described in the forward-looking statements or information
contained in this press release, there may be other factors that cause actions,
events, results, performance or achievements not to be as anticipated, estimated
or intended. There can be no assurance that forward-looking statements or
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Such
forward-looking statements and information are made or given as at the date of
this press release and Suroco disclaims any intention or obligation to update or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, except as required under applicable
securities law. The reader is cautioned not to place undue reliance on
forward-looking statements or information. 


The TSX Venture Exchange Inc. has in no way passed upon the merits of the
Petroamerica Arrangement and has neither approved nor disapproved the contents
of this press release.


Neither 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Suroco Energy Inc.
Alastair Hill
President and Chief Executive Officer
(403) 232-6784
(403) 232-6747 (FAX)


Suroco Energy Inc.
Travis Doupe
VP Finance and Chief Financial Officer
(403) 232-6784
(403) 232-6747 (FAX)
www.suroco.com

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