Rodinia Oil Corp. completes Phase One Seismic Acquisition Program in Central Australia and announces filing of Preliminary Prospectus

    /NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR
    DISSEMINATION INTO THE UNITED STATES/

    CALGARY, May 12 /CNW/ - Rodinia Oil Corp. ("Rodinia") is pleased to
announce that it has completed the acquisition of its Phase One seismic
program in the Officer Basin of South Australia in late April 2008.
Preliminary interpretation of this seismic data, and existing data, indicates
the possibility of seven large structural trends, six of which range from
approximately 62,000 acres to approximately 188,000 acres in areal extent.
Three features identified on these structures are classified as high risk
drillable anomalies. The Phase One program included 985 km of two-dimensional
seismic data acquisition, of which 650 km has been processed and interpreted
to date. After a full interpretation of the Phase One program data, Rodinia
intends to initiate a Phase Two seismic program.

    Filing of Preliminary Prospectus

    On May 5, 2008 Rodinia filed a preliminary prospectus in the provinces of
British Columbia, Alberta, Saskatchewan, Manitoba and Ontario in connection
with an initial public offering of its class "A" common shares. The offering
is expected to close in June 2008. A copy of this prospectus can be accessed
through SEDAR at www.sedar.com.
    A syndicate of agents (lead by Tristone Capital Inc. and including
Blackmont Capital Inc, FirstEnergy Capital Corp. and Haywood Securities Inc.)
has agreed to act as agents of Rodinia to conditionally offer the class "A"
common shares of Rodinia to the public on a "best" efforts basis.

    About Rodinia

    Rodinia is a junior oil and natural gas corporation focused solely on
high impact onshore exploration in Australia. Rodinia has exclusive access to
over 23 million gross acres of under-explored lands within the Officer and
Georgina basins in Australia, which may have significant hydrocarbon potential
based upon recently acquired seismic data, known geologic history and the
existence of analogous basins in Oman and in Siberia, Russia. Rodinia is based
in Calgary, Alberta.

    Canadian disclaimer

    "A preliminary prospectus containing important information relating to
these securities has been filed with securities commissions or similar
authorities in certain jurisdictions of Canada. The preliminary prospectus is
still subject to completion or amendment. Copies of the preliminary prospectus
may be obtained from Matthew Philipchuk, Executive VP of Rodinia. There will
not be any sale or any acceptance of an offer to buy the class "A" common
shares of Rodinia until a receipt for the final prospectus has been issued."

    US Disclaimer

    These securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "1933 Act") or any state
securities laws. Accordingly, these securities may not be offered or sold
within the United States or to U.S. persons (as such term is defined in
Regulation S under the 1933 Act) in the absence of an exemption from the
registration requirements of the 1933 Act and applicable state securities laws
and this release does not constitute an offer to sell or a solicitation of an
offer to buy any of these securities within the United States.

    Forward Looking Statements

    This release may contain forward-looking statements including
expectations of future production, reserves, cash flow and earnings. These
statements are based on current expectations that involve a number of risks
and uncertainties, which could cause actual results to differ from those
anticipated. These risks include, but are not limited to: the risks associated
with the oil and gas industry (e.g., operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty
of reserve estimates; the uncertainty of estimates and projections relating to
production, costs and expenses, and health, safety, political and
environmental risks), the risk of commodity price and foreign exchange rate
fluctuations and country risk associated with international activity.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information: Matthew Philipchuk, Executive Vice President,
Rodinia Oil Corp., 1810, 715 - 5th Avenue SW, Calgary, AB, T2P 2X6, T: (403)
718-0366, www.rodiniaoil.com, info@rodiniaoil.com