Twoco Petroleums Ltd. Announces Appointment of Receiver and Resignation of Officers

Fri Mar 1, 2013 7:19pm EST

* Reuters is not responsible for the content in this press release.

Twoco Petroleums Ltd. ("Twoco") (TSX VENTURE:TWO) announces that
PricewaterhouseCoopers Inc. has been appointed to act as receiver and
manager of Twoco by the Court of Queen's Bench of Alberta. The officers
of Twoco, Wayne A. Malinowski, President and Chief Executive Officer and
Timothy A. Bashforth, Vice President Exploration, Secretary and
Treasurer, have resigned their respective positions.

    For further information, please visit the PricewaterhouseCoopers Inc.
website at

    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.

PricewaterhouseCoopers Inc.

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