Private Placement

Private Placement

Sunoil Ltd. announces it has closed the recent announced non-brokered private placement of 3,000,000 units at $0.06 per unit for gross proceeds of $180,000.00. Each unit includes one share only. Shares issued in this offering will be subject to a 4 month hold. No finder's fees were paid to agents. Proceeds from this private placement will be used for general working capital.

Sunoil Ltd. is a producing oil & gas company with its headquarters in Vancouver, Canada and two field offices in Fort St. John, BC, Canada and Billings, Montana, USA. The company develops its own properties and continues to seek and make acquisitions, in USA and Canada. For further information please contact (604) 662-7833 or [email protected]

SunOil Ltd.

"Kevin Sun"

Kevin Sun

C.E.O. & President