PRESS RELEASE CROCOTTA ENERGY INCREASES BANK CREDIT FACILITY

Calgary, Alberta, January 24, 2013 - Crocotta Energy Inc. ("Crocotta") (TSX - CTA) is pleased to announce that it has increased its revolving bank credit facility by 40% to $140 million from $100 million.
For further information, please contact:

CROCOTTA ENERGY INC.

700, 639 -5th Ave SW Calgary, Alberta T2P 0M9 www.crocotta.ca
Phone: (403) 538-3737
Fax: (403) 538-3735
Robert Zakresky
President and Chief Executive Officer
Phone: (403) 538-3736
Nolan Chicoine
Vice President, Finance and Chief Financial Officer
Phone: (403) 538-3738

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