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THIS SEPARATION AGREEMENTis dated for reference as of
the 15th day of June, 2010, and is made by and between DORAL ENERGYCORP., a Nevada corporation (the "Company"), and H. Patrick Seale (the
"Employee").

WHEREASthe Employee intends to resign as an employee of
the Company; and

WHEREASthe Company wishes to, on the terms and
conditions set out herein, pay a separation payment to the Employee in
recognition of the services provided by the Employee to the Company,

NOW THEREFOREin consideration of the foregoing and of
the mutual covenants and agreements hereinafter provided, the parties have
agreed and do hereby agree as follows:

1.      The Company agrees to pay to
the Employee a payment in the aggregate amount of $150,000 (the "Separation
Payment").

2.      In consideration for the
Company paying the Separation Payment to the Employee, the Employee agrees to
execute a release in favor of the Company and others as set forth in Exhibit A
hereto (the "Release"). Notwithstanding anything in this Agreement to the
contrary, the Company shall not be Obligated to pay the Separation Payment to
the Employee until the Release has been executed by the Employee and delivered
to the Company.

3.      Time shall be of the essence
of this Agreement.

4.      This Agreement supersedes any
prior written or oral agreements or understandings between the parties relating
to the subject matter hereof.

5.      No modification or amendment
of this Agreement shall be valid unless in writing and signed by or on behalf of
the parties hereto.

6.      A waiver of the breach of any
term or condition of this Agreement shall not be deemed to constitute a waiver
of any subsequent breach of the same or any other term or condition.

7.      This Agreement is intended to
be performed in accordance with, and only to the extent permitted by, all
applicable laws, ordinances, rules and regulations. If any provision of this
Agreement, or the application thereof to any person or circumstance, shall, for
any reason and to any extent, be held invalid or unenforceable, such invalidity
and unenforceability shall not affect the remaining provisions hereof and the
application of such provisions to other persons or circumstances, all of which
shall be enforced to the greatest extent permitted by law.

8.      This Agreement shall ensure to
the benefit of and be binding upon the parties hereto and their respective
successors and permitted assigns. The Employee may not assign this Agreement
without the express written consent of the Company which consent may be
unreasonably withheld.

9.      This Agreement shall be
construed and enforced in accordance with, and the rights of the parties shall
be governed by, the laws of the State of Nevada.

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10.      This Agreement may be
executed in one or more counter-parts, each of which so executed shall
constitute an original and all of which together shall constitute one and the
same agreement.

IN WITNESS WHEREOFthe parties have executed this
Agreement as of the day first above written.

DORAL CORP.by its authorized signatory:

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EXHIBIT A

FORM OF RELEASE

For good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the undersigned (the "Releasor")
hereby generally and completely releases DORAL ENERGYCORP. (the
"Company") and its, directors, officers, employees, stockholders, partners,
agents, attorneys, predecessors, successors, parent and subsidiary entities,
insurers, affiliates and assigns (collectively the "Released Parties") from any
and all actions, causes of action, suits, debts, dues, sums of money, claims,
demands and obligations, whether at law or in equity, known or unknown,
suspected or unsuspected, that arise out of or are in any way related to events,
acts, conduct or omissions prior to the execution of this Release. This general
release includes, but is not limited to: (a) all claims arising out of or in any
way related to the Releasor's employment with the Company or the termination of
such employment; (b) all claims related to the Releasor's compensation or
benefits from the Company, including wages, salary, bonuses, commissions,
vacation pay, expense reimbursements (to the extent permitted by applicable
law), severance pay, fringe benefits, stock, stock options, or any other
ownership or equity interests in the Company; (c) all claims for breach of
contract, wrongful dismissal and breach of the implied covenant of good faith
and fair dealing; (d) all tort claims; and (e) all federal, state and local
statutory claims, including, but not limited to, claims for discrimination,
harassment, retaliation, attorneys' fees, or other claims.

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