VEL

Vanoil Energy Ltd. (TSX VENTURE:VEL) ("Vanoil" or the "Company") wishes to
announce the mutually agreed termination of its strategic partnership agreement
with Global Mining Management Ltd. (GMM) originally announced on June 18, 2012.


James Passin, President and CEO of Vanoil, stated, "We have enormous respect for
the GMM team, their commitment and accomplishments. However, Vanoil has an
exclusive focus on East Africa and an aggressive, goal orientated timetable
particularly over the next nine months. GMM's and Vanoil's management determined
that in the short term the major changes envisioned in the strategic partnership
agreement would be potentially disruptive and geographically challenging for
Vanoil."


Vanoil will close its current round of financing on July 30, 2012.

About Vanoil Energy Ltd.

Vanoil is a Canadian public company focused on Africa and the exploration and
development of its significant portfolio of oil and gas properties in Kenya and
Rwanda. In Kenya the Company has 100% ownership of Blocks 3A and 3B by way of a
production sharing contract ("PSC") executed with Kenyan Ministry of Energy.
These blocks cover 24,912 square kilometers and are part of the highly
prospective Central African Rift system, which is geologically analogous to the
prolific oil and gas fields in South Sudan. In Rwanda, Vanoil is concluding
negotiations for that country's first production sharing contract (PSC) covering
1,631 square kilometers of oil and gas in the East Kivu Graben, the southern
extension of the Albertine Graben where Heritage and Tullow Oil made their
historic discoveries in neighbouring Uganda. 


To find out more about Vanoil, please visit our website at www.vanoil.ca.

On behalf of the Board of Directors

VANOIL ENERGY LTD.

James Passin, President and CEO 

Disclaimer for Forward Looking Information

This news release includes forward looking statements that are subject to
assumptions, risks and uncertainties. Statements in this news release which are
not purely historical are forward looking statements, including without
limitation any statements concerning the Company's intentions, plans, estimates,
beliefs or expectations regarding the future. Although the Company believes that
any such intentions, plans, estimates, beliefs and expectations in this news
release are reasonable, there can be no assurance that any such intentions,
plans, beliefs and expectations will prove to be accurate.


The Company cautions readers that all forward looking statements, including
without limitation those relating to the Company's future operations and
business prospects, are based on assumptions none of which can be assured, and
are subject to certain risks and uncertainties that could cause actual events or
results to differ materially from those indicated in the forward looking
statements. Readers are advised to rely on their own evaluation of such risks
and uncertainties and should not place undue reliance on forward looking
statements.


Any forward looking statements are made as of the date of this news release, and
the Company assumes no obligation to update the forward looking statements, or
to update the reasons why actual events or results could or do differ from those
projected in the forward looking statements. The Company assumes no obligations
to update any forward looking statements, whether as a result of new
information, future events or otherwise.

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