Sino American Oil Corp. announced that it has signed a definite acquisition agreement to acquire 100% interest in oil services technology company, Tritium Inc. of Alberta, Canada. This acquisition increases SINO's footprint into the oil services and technology space in one of Canada's most prolific hydrocarbon production provinces and allows it to market the newly acquired technologies globally.

Via the acquisition, SINO now owns Tritium's recently awarded patent (CAVITATION APPARATUS AND RELATED SYSTEMS AND METHODS, EFS ID: 45321627) for their Oil Upgrading Technology which converts heavy WCS Western Canadian Select to WTI pricing. This technology is currently installed and operational at the Base Element Energy Inc.facility in Cynthia, Alberta, Canadaterminal which is now 22% owned by SINO. This is a 15-20-49-10-W5 Full Service Terminal, which means water, emulsion, condensate, clean oil, and has injection and sales arrive via pipeline right at the facility negating the need for expensive trucking.

Tritium also holds a full D58 Waste Facility License which process wastewater at: $8.00 per cubic meter (1000 liters) of produced water to be taken in and injected down Tritium's disposal well. $16.00 per cubic meter (1000 liters) of emulsion to be taken in and treated at facility. SINO and Tritium, have joinedforces to increase the size and processing capability of the Cynthia facility throughout 2022 and 2023.

The acquisition is subject the delivery of US GAAP audited financial statements from Tritium Inc. and the transfer of title and ownership of the company and its assets to SINO within the specified timeframes stated in the definitive agreement. SINO is currently updating its filings to remain fully compliant with the Securities regulators of both the US and Canada.