In the news release, Petrosonic Energy, Inc. Announces Closing Of
Acquisition Of Sonoprocess™ Technology, issued on August 1^st by Petrosonic Energy, Inc. over PR Newswire, the stock symbol
(PSON:OTCBB) was missing in the first line. The complete, corrected
release follows:

Petrosonic Energy, Inc. Announces Closing Of Acquisition Of Sonoprocess™
Technology

CALGARY, Aug. 1, 2012 /PRNewswire/ – Petrosonic Energy, Inc. (PSON:OTCBB) is pleased to announce the closing of the acquisition announced April
20, 2102 of the patent pending Sonoprocess^TM Heavy Oil processing technology from Sonoro Energy Ltd. Pursuant to the
terms of the Purchase Agreement with Sonoro, Petrosonic Energy acquired
certain assets (the “Assets”) from Sonoro Energy Ltd., and has acquired
Sonoro’s controlling interest in Petrosonic Albania, pursuant to a
share purchase agreement, and sonic reactors, plant and equipment
located in Albania.

Pursuant to the terms of the Purchase Agreement, in exchange for the
Assets Petrosonic Energy, Inc. has paid to Sonoro the following
consideration: (i) $250,000, (ii) a convertible debenture in the
principal amount of $250,000 (the “Debenture”) and (iii) a 10% royalty
interest in our realized net revenues for a period of 10 years from the
time we commence commercial operations, which is defined as the date
upon which we process an average of 50 barrels of feed stock per day
over a period of 30 consecutive days utilizing the technology acquired.

“This closing is the first step to commercializing the Sonoprocess^TM technology, ” stated Art Agolli, President and CEO of Petrosonic
Energy, Inc. “our immediate priority will be the assembly and start up
of the heavy oil processing facility in Albania, whereby full
commercial production is scheduled to commence by October 2012. The
demonstration of our ability to upgrade very heavy oil using our
environmentally safe and cost effective Sonoprocess ^TM will establish the economics of our technology.” The Sonoprocess^TM technology is to be used to upgrade sour, very heavy oil that is
present in Albania from approximately 10-12 API by the removal of
Ashphaltines, Sulphur and heavy metals to approximately 16-22 API. The
increased value of the Sonoprocess^TM product oil should be sold at a significant premium to refiners for
upstream applications.

“We are excited to be in the last stages of commissioning our first
stand alone heavy oil de-asphalting and processing facility and
reaching a major milestone of our objectives to create value for our
shareholders and our clients.”

About Petrosonic Energy, Inc.

Petrosonic Energy was established to deliver innovative technologies to
the energy sector. Our current primary focus is to provide technologies
that upgrade heavy oil economically and in an environmental friendly
manner. Our patented Sonoprocess^TM uses clean tech sonic energy to de-asphalt heavy oil at much smaller
scale and lower capital costs than conventional Upgraders and without
use of water or release of emissions in the atmosphere.

Notice Regarding Forward-Looking Statements

This news release contains “forward-looking statements” as that term is
defined in Section 27A of the United States Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. Statements in this press release which are not purely
historical are forward-looking statements and include any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such forward-looking statements include, among other things,
assembly and start up of the heavy oil processing facility in Albania,
schedule of commercial production, use of Sonoprocess^TM technology, increased value and sale price of the Sonoprocess^TM product oil, business objectives and business plan. Actual results could
differ from those projected in any forward-looking statements due to
numerous factors. Such factors include, among others, the inherent
uncertainties associated with new technology and development stage
companies. These forward-looking statements are made as of the date of
this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual results
could differ from those projected in the forward-looking statements.
Although we believe that any beliefs, plans, expectations and
intentions contained in this press release are reasonable, there can be
no assurance that any such beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consult all of the
information set forth herein and should also refer to the risk factors
disclosure outlined in our current report on Form 8-K filed July 31,
2012, our quarterly reports on Form 10-Q and other periodic reports
filed from time-to-time with the Securities and Exchange Commission.

SOURCE Petrosonic Energy, Inc.