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Warrior Energy N.V. Announces Closing of Assignment of Debt

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2012) - Further to its news releases dated April 27, 2012 and September 13, 2012, Warrior Energy N.V. ("Warrior" or the "Company") (TSX VENTURE:WEN) is pleased to announce that effective October 30, 2012, it has closed the assignment of debt with John Hislop, whereby the Company has assigned to John Hislop for C$100,000 the debt that Exxel Energy (USA) Inc. ("Exxel") owes to Warrior Oil & Gas Holdings Inc. pursuant to a Promissory Note dated May 24, 2007, as amended and secured by inter alia a mortgage from Exxel and a guarantee from XXL Energy Corp., each as amended.

About the Company

Warrior is a junior oil and gas exploration and production company focused on identifying and exploiting hydrocarbon opportunities.

For further information, please contact Urs Meisterhans at +41 44 913 36 01 and/or visit the company website at www.warrior-energy.com.

On behalf of the Board of Directors

Urs Meisterhans, President

FOR FURTHER INFORMATION PLEASE CONTACT:
Warrior Energy N.V.
Urs Meisterhans
President
+41 44 913 36 01
www.warrior-energy.com

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