Petrolympic Ltd. (TSX-V: PCQ) (the 'Company'), wishes to announce that the Company has applied to the TSX Venture Exchange (the 'TSXV') to extend the term of 1,153,846 common share purchase warrants originally issued on October 22, 2018.

Number of Warrants: 1,153,846 Original Expiry Date of Warrants: June 22, 2020 New Expiry Date of Warrants: June 22, 2023 Exercise Price of Warrants: $0.25

Contact:

Tel: 845 656-0184

Email: exis@petrolympic.com

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