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ShaMaran Petroleum Corp.
Application to the BCSC and OSC for Exemptive Relief

We acted as counsel to ShaMaran Petroleum Corp. in connection with its dual application to the British Columbia Securities Commission and Ontario Securities Commission for exemptive relief in respect of its status as a non-venture issuer resulting from its listing on the NASDAQ OMX First North. Shamanan Petroleum Corp. was granted the requested exemptive relief on July 19, 2011. ShaMaran Petroleum Corp. is a Canadian oil and gas company listed on the TSX Venture Exchange and the NASDAQ OMX First North under the symbol “SNM”.