TriOil Resources Ltd. says that its independent committee of directors continues to work with its financial advisors in connection with the strategic alternatives process.

Specifically, under the direction of the Special Committee, the financial advisors to the Special Committee and management have commenced populating the virtual data room to be used in connection with such process and continue their build out of the confidential information memorandum that will be provided to interested parties.

Following receipt of TriOil's December 31, 2012 independent reserve report anticipated to be available by the end of this month, the Special Committee's financial advisors will immediately begin contacting a broad spectrum of parties to solicit interest in a possible strategic transaction with the Corporation.

Tags: TriOil Resources Ltd.