NuLoch Resources Closes Over-Allotment Option of Bought Deal Financing

CALGARY, ALBERTA--(Marketwire - Nov. 10, 2010) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

NuLoch Resources Inc. ("NuLoch") (www.nuloch.ca) (TSX VENTURE:NLR) reports that it has now closed the Over-Allotment Option in respect of its previously announced "bought deal" equity financing (the "Offering") with a syndicate of underwriters led by Canaccord Genuity Corp. and including Raymond James Ltd., Wellington West Capital Markets, and Clarus Securities Inc. (the "Underwriters"). The $28.1 million Offering closed on October 14, 2010.

The Over-Allotment Option was granted to the Underwriters for market stabilization and over-allotment purposes for a period of 30 days following closing of the Offering. A total of 210,000 Class A common shares have been issued at $1.25 per share pursuant to the Over-Allotment Option.

As a part of their compensation in respect of the exercise of the Over-Allotment Option, the Underwriters have been issued compensation options entitling the Underwriters to subscribe for 6,300 Class A common shares at $1.25 per share on or before July 14, 2011.

NuLoch now has 122,332,907 Class A common shares issued and outstanding.

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