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Wednesday, 10/12/2011 8:52:56 AM

Wednesday, October 12, 2011 8:52:56 AM

Post# of 70695
Grid Petroleum Corp., through its recent acquisition of Joaquin Basin Resources Inc, currently has a 50% working Interest in the mineral lease hold rights to approximately 4000 acres of oil and gas property in the prolific central California Joaquin Basin. Solimar Energy Limited holds the other 50% of a gross estimated 82,000,000 Barrels to the two companies combined interest, 41,000,000 to Grid Petroleum Corp’s Interest. Using a P10 valuation of the Oil in Place reserve calculation and assuming a recovery rate of 10% percent indicating the volume of recoverable oil at an estimated 4,100,000 Barrels of Oil.

The Company expects to develop significant reserves and cash flowing assets from future development of the newly acquired leases obtained through the purchase of Joaquin Basin Resources Inc.