Aroway Ramps Up Oil Reserves by 246%

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Aroway Energy Inc. has reported the results of its independent reserves evaluation in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101) as at June 30, 2013.

The independent reserves evaluation covers a 12-month period and is focused on all of the Company's areas of interests in Alberta and Saskatchewan.

Proved Reserves

• Increased Proved reserves by 246% to 584,700 barrels of oil equivalent before royalties (76% oil)
• Increased NPV of Proved reserves by 233% to $8,106.9 million (before tax, discounted at 10% before royalties)
• Reserve Life of 14.5 years

Proved plus Probable Reserves

• Increased Proved plus Probable reserves by 136% to 1,177,500 barrels of oil equivalent before royalties (68% oil).
• Increased NPV of Proved plus Probable reserves by 180% to $16,858.4 million (before tax, discounted at 10% before royalties)
• Reserve Life of 16.5 years

Chris Cooper, President & CEO of Aroway Energy commented, "Our 2013 reserve report is a great reflection of the increased growth we have built through the drill bit over the past twelve months as well as reflects the value added acquisitions we made last year. We remain committed to delivering increased shareholder value and the significant increase in our reserves reflects the positive growth we have achieved and will continue to deliver to our shareholder."

Summary of Reserves for Aroway Energy Inc.

The reserves data set forth below is based upon an independent reserves evaluation prepared by Trimble Engineering Associates Ltd. with an effective date of June 30, 2013. The following presentation summarizes Aroway Energy's crude oil reserves and the net present values before income tax of future net revenue for Aroway's reserves on Aroway Energy's interests in certain oil and gas properties located in Alberta and Saskatchewan using forecast prices and costs based on the Trimble Report. The Trimble Report has been prepared in accordance with definitions, standards, and procedures contained in the Canadian Oil and Gas Evaluation Handbook and NI 51-101.

Summary of Reserves - June 30, 2013

Present Worth of Future Net Revenue (Before Income Tax (M$ Cdn.)) - June 30, 2013