Permex Petroleum Corporation (CNSX:OIL) entered into a non-binding Letter of Intent to acquire Rights, title, 3D seismic data and interests in oil and gas assets located in Martin County, Texas from Pratt Oil Company, LLC, Rockport Permian, LLC and Petro America Resources, LLC for $2 million on September 13, 2021. Permex Petroleum Corporation entered into a definitive Purchase and Sale Agreement to acquire rights, title and interest in the Mabee Breedlove Clearfork Unit, Mallard Breedlove lease, Carter Clearfork lease and Erwin Eoff lease (the "Assets") located in Martin County, Texas from from Pratt Oil Company, LLC, Rockport Permian, LLC and Petro America Resources, LLC on October 4, 2021. Consideration will be paid in stocks of Permex Petroleum Corporation. Pursuant to the acquisition, Permex will acquire 100% Working Interest with an average 81.75% net revenue interest in 7,870.23 gross acres in the Permian basin of West Texas. A full disclosure of the assets, transaction and opportunity will be announced upon execution of the definitive agreement between the parties.