Quarterly Reports

Laricina Energy 2011 Third Quarter

"Laricina continued to advance its initiatives during the third quarter of 2011. The Company moved its Saleski and Germain projects along their respective paths, continued work on regulatory applications and advanced the engineering, procurement and fabrication for both projects, completed another equity financing, and added people to its head office and field team. Laricina further secured its capital requirements for its current projects, raising an additional $140 million gross through private placements of 3.3 million common shares at $42.50 per common share. This supplements the $380 million raised in a private placement that closed just before the end of the second quarter."

~ Glen Schmidt, President and CEO