Due to the current downturn in the commodity prices especially in the energy sector, and the modest production numbers in the wholly owned subsidiary company, Petro Viking Management Corp, the company cannot currently meet all its financial obligations resulting in the company unable to operate as a going concern. In order to avoid any possible conflict of interest, Mr. A. Voskuil, has tendered his resignation as director of Petro Viking Energy Inc., effective immediately. Mr. Voskuil has agreed to continue to be available as independent advisor where desired.