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Hemisphere Makes Addition to Board of Directors

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Hemisphere Energy Corporation has announced the appointment of Mr. Richard Wyman to the Board of Directors effective October 7, 2014, subject to regulatory approval.

With over 30 years' experience, Mr. Wyman began his career as a reservoir engineer with Esso Resources Canada Ltd. in Calgary prior to becoming a corporate finance associate with Wood Gundy in London. He returned to Canada and became an analyst in the corporate finance and treasury department of Gulf Canada Limited in Calgary and Toronto, then an oil and gas equities research analyst with Peters & Co. Ltd. Following his tenure at Peters & Co., Mr. Wyman became a founding shareholder and Director of Smart Pipeline Services Ltd. and Northern Cross (Yukon) Ltd. He returned to a capital market role as Vice President and Senior Oil and Gas Analyst with Canaccord Genuity under their rebranding process in 2004. In 2010, Mr. Wyman returned to the industry as President and a Director of Northern Cross (Yukon) Ltd, an emerging junior oil and gas, exploration and development company with assets located in Yukon.

Mr. Wyman received a Bachelor of Applied Science degree in Chemical Engineering (Hons) from Queen's University in 1978 and a Masters of Business Administration from the International Management Institute at the University of Geneva in 1985.

In conjunction with his appointment, Hemisphere has granted Mr. Wyman incentive stock options entitling him to purchase up to a total of 200,000 shares at an exercise price of $0.61 each, pursuant to the Company's Stock Option Plan for a term of five years and subject to the receipt of the necessary regulatory approvals.