Funds Managed by Libra Advisors, LLC Acquire Common Shares of NuLoch
Resources Ltd. for Investment Purposes

TORONTO, Oct. 14 /CNW/ - Libra Advisors, LLC ("Libra") announced today that Libra Fund, L.P. and Libra Offshore Master Fund, L.P. (the "Funds") acquired 811,000 Class A common shares ("common shares") of NuLoch Resources Ltd. ("NuLoch") at a price of $1.25 per common share pursuant to an offering of NuLoch that closed today. 

On September 23, 2010, the Funds also acquired 4,789,000 common shares of NuLoch at a price of $1.26 per common share. As a result of these acquisitions and together with previously held shares, the Funds now hold 14,432,891 common shares representing approximately 12.3% of the total outstanding common shares of NuLoch.

The Funds acquired the common shares for investment purposes and may, from time to time, acquire additional securities of NuLoch or dispose of such securities as they may deem appropriate.

Libra is the investment advisor to Libra Fund, L.P. and Libra Offshore Master Fund, L.P. with principal offices at 909 Third Avenue, 29^th Floor, New York, NY 10022.

For further information:

please contact Mr. Ranjan Tandon, Managing Member, at [phone].