Emperor Appoints Ian Sosso to Advisory Board

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Emperor Appoints Ian Sosso to Advisory Board

Calgary, Alberta, October 5, 2012 - Emperor Oil Ltd. (TSXV: EM) announces the appointment of Mr. Ian Sosso, MSc. (the "Advisor") to the Company's Advisory Board.

Mr. Sosso is the founder and managing partner of Monte Carlo Capital, a firm focused on investment in small, private equity transactions in the real estate and commodities sector in Asia. Before starting Monte Carlo Capital in 2009, he was the Regional Managing Director and Head of Capital Markets in Asia for Commerzbank.

Mr. Sosso started his financial career in 1993. Since that time he has worked in Paris, London, Tokyo, Singapore and Hong Kong with HSBC, UBS, JPMorgan and most recently with Commerzbank. During his investment banking career, Mr. Sosso's main area of expertise was to structure derivatives transactions across asset classes. He has done work in most Asian countries, and has advised a broad range of clients ranging from hedge funds to governments, large corporations and private banks. At Commerzbank, Mr. Sosso managed all capital markets activities in Asia; including Equity Derivatives, Credit, Precious Metals, Foreign Exchange, Debt Capital Markets, as well as the Treasuries of HK, Singapore and Shanghai. Mr. Sosso is a citizen of the Principality of Monaco and holds a MSc. in Finance from the London School of Economics (LSE).

"Mr Sasso's experience in the financial markets and his far reaching client base will be a tremendous asset to Emperor and the Company's ability to advance its portfolio of near term exploration and production projects.", stated CEO and President Andrew McCarthy.

The Company would also like to take this opportunity to thank Mr. John Percival for the services provided to the management and board of directors while sitting on Emperor's advisory board.

Emperor Oil Ltd.

Emperor is an international oil and gas company with late stage exploration and near term production projects in Turkey and Sudan. The Company is directed by an experienced group of business professionals who have leveraged their contacts within the global community to identify significant land parcels and strategic partnerships within regions of influence. The Company's management team boasts a keen understanding of oil and gas exploration, production procedures and market strategies. Management is focused on growing the Company through near term production and an acquisition strategy in Turkey and North Africa.

For further information please contact the Company at (403) 695-1794 or email at [email protected]


"Andrew McCarthy"

Andrew McCarthy
President and Chief Executive Officer

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding "Forward-Looking" Information

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Emperor's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.