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

TORONTO, Oct. 28 /CNW/ - Libra Advisors, LLC ("Libra") announced today that Libra Fund, L.P. and Libra Offshore Master Fund, L.P. (the "Funds") acquired 2,969,800 Class A common shares of NuLoch Resources Ltd. ("NuLoch") at a price of $1.50 per common share and 500,000 Class A common shares ("common shares") at a price of $1.45. 

As a result of these acquisitions and together with previously held shares, the Funds now hold 17,902,691 Class A common shares representing approximately 15.2% 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:

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