Sonoro Terminates Advisory and Consulting Agreement

TSX Venture Exchange Symbol: SNV

CALGARY, July 11, 2013 /CNW/ - Sonoro Energy Ltd. ("Sonoro" or "the Company") (TSX-V: SNV) announces that the Company has changed its strategy of making significant use of advisory and consulting services in Iraq to primarily utilizing its own established network. With this change, the Company has terminated its advisory and consulting agreement with Amira Management B.V. (an entity with the same principals as Berkeley Petroleum Mesopotamia Limited ("Berkeley"), which is one of the licensees under the Company's Asphalt License with Salah ad Din Province). This advisory and consulting agreement has been in place since signing the Asphalt License. Given continued significant unexpected delays and a lack of progress in obtaining the required approvals, the Company felt it needed to take more aggressive and direct actions. The Company plans to continue recent discussions directly with relevant government officials and authorities in Iraq in relation to obtaining the necessary approvals and commencement of operations under its Asphalt License.

Further, in November 2011, the Company loaned Berkeley $500,000.  Berkeley provided the Company with a promissory note for the principal amount plus interest at a rate of 6% per annum.  This promissory note was previously extended by Sonoro to a maturity date of June 30, 2013. To date the Company has received interest payments to March 31, 2013.  Payment of the promissory note is now overdue and the Company has issued to Berkeley a notice of default and request for immediate payment.

The Company continues to receive strong support from Geopetrol Iraq Corp., its partner under the Asphalt License, in relation to the Company's strategy shift to emphasize direct government relations and in pursuing the approvals under the Asphalt License.

About Sonoro

Sonoro is an international oil exploration and development company.  Our current focus is a pure play on asphalt resource exploration and development in Iraq.  Sonoro has initiated the evaluation of resource opportunities under our asphalt license agreement in the Salah ad Din Province.

Forward-Looking Information

Certain statements in this news release may constitute "forward-looking information" ("forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "intend", "estimate", "potential", "could", "ongoing", "prospective", "expected" and similar words suggesting future outcomes. By their nature, forward-looking statements are based on current expectations regarding future events that involve a number of assumptions, known and unknown risks, and uncertainties. Actual results, performance or achievements of Sonoro, or the industry, may vary materially from what is expressed or implied by such forward-looking statements.

These forward-looking statements are not guarantees of our future performance and are subject to risks, uncertainties and other important factors that could cause our actual performance to be materially different from those we project. These risks and uncertainties include, but are not limited to: (1) risks associated with obtaining, maintaining and the timing of receipt of regulatory approvals, permits, and licenses; (2) uncertainties related to financing of Sonoro's exploration activities and continued operations through access to capital markets; (3) the risk of volatile global economic conditions; (4) continued political stability; (5) continued support from the local communities, (6) operational risks in development, exploration and production delays or changes in plans with respect to exploration or development projects or capital expenditures; (7) the uncertainty of resource estimates, geological interpretations, estimates and projections in relation to production, costs and expenses, and health, safety and environmental risks; (8) the continued ability to obtain qualified staff and equipment in a timely and cost efficient manner; (9) the risk of commodity price and foreign exchange rate fluctuations; and (10) risks associated with the implementation of new technology.

Given these uncertainties, you should not rely on forward-looking statements. These forward-looking statements also represent our estimates and assumptions only as of the date that they initially were made. We expressly disclaim a duty to provide updates to any forward-looking statements, and the estimates and assumptions associated with them, to reflect events or circumstances or changes in expectations or the occurrence of anticipated events after the date they initially were made, except and to the extend required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SOURCE: Sonoro Energy Ltd.

For further information:

RICHARD WADSWORTH
Chairman and CEO
+1.403.262.3252

www.sonoroenergy.com

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Sonoro Energy Ltd.

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