Material Fact – Termination of the Purchase and Sale Agreement for the 20% Stake of BJSA Fields

RIO DE JANEIRO, Feb. 29, 2016 /CNW/ – Petro Rio S.A. (“PetroRio” or the “Company”) (BM&FBOVESPA: PRIO3, TSX-V: PRJ) hereby announces that it has terminated the contract of the purchase and sale agreement for the acquisition of the 20% stake in the rights and obligations of the…