KELOWNA, BC, June 3, 2013 /CNW/ - Georox Resources Inc. ("Georox" or the "Corporation") (GXR:TSX-V; OF6A:FRA) is pleased to announce that it has completed an acquisition of oil and gas interests located in the Pouce Coupe area, NW Alberta (the "Assets") from a company at arms-length. The purchase price of the Assets is approximately $2,000,000 with an effective date of May 1st, 2013. The acquisition was funded from the Corporation's working capital (33%), a recently revised bank credit facility (60%) and a subordinated unsecured loan from an insider (7%).

The Assets consist of a majority interest in 1.5 sections of land ( 960 gross acres and 576 net acres) with three current producing wells; a 52.42% working interest in one (1) section, 50% in ¼ section and 100% in a final ¼ section. Two wells will be operated by Georox and one well will be operated by an industry third party.

The wells are currently producing approximately 36 boepd per day consisting of light oil and approximately 100 mcfd of solution natural gas (30 boepd net to the Corporation) from the Boundary Lake formation.