Patch Files 10-KSB and Announces Results of Special Meeting



    CALGARY, Sept. 27 /CNW/ - Patch International Inc. (OTCBB: PTCH) (the
"Company") is pleased to announce that it has filed on Edgar its United States
Securities and Exchange Commission Form 10-KSB Annual Report which includes
the Company's Financial Statements for the year ended May 31, 2007. Interested
parties may go to www.sec.gov to view the Company's Form 10-KSB.
    Patch is also pleased to announce the results of its Special Meeting of
Stockholders which was reconvened on September 14, 2007. Patch received a
54.69% quorum and each motion was passed by a majority of stockholder votes.
    As a result of the stockholder approval, the Company has filed a
Certificate of Amendment for Nevada Profit Corporations with the Secretary of
State of Nevada, which has come into effect and increased its authorized
number of shares of common stock to 300,000,000 shares of common stock
("shares") and reduce its quorum requirements to one third; and the 4,653,750
Flow-Through Special Warrants; 8,302,000 Non-Flow-Through Special Warrants
issued on February 27, 2007 (see press release dated February 27, 2007) and
830,200 Bonus Warrants of the Company have been exercised without payment of
additional consideration or any further action on the part of the holder, into
an aggregate 13,785,950 shares.
    All certificates representing Flow-Through Special Warrants,
Non-Flow-Through Special Warrants and Bonus Warrants of the Company are void
and of no further value and effect.
    Upon exercise of the Flow-Through Special Warrants, Non-Flow-Through
Special Warrants and Bonus Warrants, the Company has 34,025,724 shares issued
and outstanding and securities convertible into as many as 13,964,134 shares
(consisting of exchangeable shares convertible into 9,926,489 shares, Agents'
Warrants convertible into 762,645 shares and stock options exercisable into
3,275,000 shares).
    The shares issued upon the exercise of the Flow-Through Special Warrants,
Non-Flow-Through Special Warrants and Bonus Warrants are "Restricted
Securities", as defined by Rule 144(a) under the U.S. Securities Act of 1933,
as amended (the "1933 Act") and are subject to a hold period in Canada that
expires four months and a day after the later of: (i) February 27, 2007; and
(ii) the date that the Company becomes a reporting issuer in any province or
territory in Canada.
    The shares issued upon the exercise of the Flow-Through Special Warrants,
Non-Flow-Through Special Warrants and Bonus Warrants have not been registered
under the 1933 Act or the securities laws of any state of the United States.
The shares issued upon the exercise of the Flow-Through Special Warrants,
Non-Flow-Through Special Warrants and Bonus Warrants may not be sold,
transferred or assigned in the absence of an effective registration statement
for the securities under the applicable securities laws, or unless offered,
sold or transferred pursuant an available exemption from the registration
requirements of those laws. The Company is currently preparing to file a
resale registration statement in the United States and to make an application
to become a reporting issuer in the Province of Alberta, so that the shares
issued upon the exercise of the Flow-Through Special Warrants,
Non-Flow-Through Special Warrants and Bonus Warrants may be resold, on a
restricted basis.

    About Patch
    -----------

    Patch is an emerging oil sands company dedicated to the exploitation and
production of its high quality resource base in the Ells River oil sands area,
located in northeastern Alberta. Patch's strategy is clear: the key components
to stockholder value reside in unlocking asset quality, demonstrating critical
mass of a project, and advancing a clear and concise plan to
commercialization. Patch holds strong to the fundamentals of this business
model, with both a high quality asset and a strong, experienced team to
execute the plan.

    Please visit Patch's website at www.patchenergy.com

    No regulatory authority has approved nor disapproved the contents of this
    press release.

    Forward Looking Statement:

    This news release contains certain statements that may be deemed
"forward-looking statements" about the development of oil sands in Alberta,
Canada. All statements in this release, other than statements of historical
fact, that address future production, reserve/resource potential, exploration
drilling, exploitation activities and events or developments that the Company
expects to occur, are forward looking statements. Forward looking statements
are statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans" "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or "should" occur.
Information inferred from the interpretation of drilling results and
information concerning mineral resource estimates may also be deemed to be
forward looking statements, as it constitutes a prediction of what might be
found to be present when and if a project is actually developed. Although the
Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from those in the
forward-looking statements. Factors that could cause the actual results to
differ materially from those in forward-looking statements include market
prices, exploitation and exploration successes, and continued availability of
capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. Forward-looking statements
are based on the beliefs, estimates and opinions of the Company's management
on the date the statements are made. The Company undertakes no obligation to
update these forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors, should change. For further
information investors should review the Company's filings that are available
at www.sec.gov.





For further information:

For further information: Jason Dagenais, Chief Operating Officer, OR
Cathy Forsyth, Investor Relations Manager, Patch International Inc.,
1-888-864-7372, Email: info@patchenergy.com

Organization Profile

PATCH INTERNATIONAL INC.

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