CALGARY, ALBERTA--(Marketwire - Jan. 7, 2013) -

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Amarok Energy Inc. (News - Market indicators) ("Amarok") has closed its previously announced equity financing by way of short form prospectus (the "Offering"). Pursuant to the Offering, Amarok has issued 62,209,580 common shares at a price of $0.30 per share, for gross proceeds of $18,662,874.

Integral Wealth Securities Limited, Dundee Securities Ltd. and PI Financial Corp. (collectively, the "Agents") acted as agents for the Offering. The Agents were paid a cash commission of 6% of the gross proceeds raised in respect of the sale of the common shares issued pursuant to the Offering.

The net proceeds of the Offering are intended to be used by Amarok to fund further exploration and development, land acquisition and for general working capital purposes. 

Amarok is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas in highly structured play fairways of North America and Colombia. Following the completion of the Offering, Amarok has 83,659,189 common shares issued and outstanding.

Advisory Regarding Forward-Looking Information

Certain statements contained in this release constitute forward-looking information. These statements relate to future events or Amarok's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on Amarok's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, Amarok's stated expectation as to the use of proceeds of the Offering contain forward-looking information. Such forward looking information involves material assumptions and known and unknown risks and uncertainties, certain of which are beyond Amarok's control. Such assumptions, risks and uncertainties include, without limitation, those associated with, the oil and gas industry (eg. operational risks in exploration, development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development or capital expenditures, market conditions. The intended use of the net proceeds of the Offering by Amarok might change if the board of directors of Amarok determines that it would be in the best interests of Amarok to deploy the proceeds for some other purpose. Amarok disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.