Junex Strikes Oil in its Galt No. 4 Horizontal Well - Seite 2

Junex's Foragaz No. 4 drilling rig will soon be moved to the Junex Galt No. 5 Horizontal wellsite in preparation for drilling in 2015.

Mr. Dorrins continued: "We are particularly proud of this entire operation because it is a success and it is also a unique "Made in Quebec" story accomplished by Quebeckers working for our company, from project inception through to the scientific analysis and evaluation that allowed selection of the horizontal well location and the development of the drilling program by our team of scientists and engineers, then ultimately to the successful drilling of this milestone well by our well-trained drilling personnel using our own drilling equipment."

As previously announced on July 2, 2014, subject to appropriate financing, the planned program for the Galt Oil Property consists of:

• The drilling of the Galt 4 Horizontal well (Oil Discovery);
• The drilling of the Galt 5 Horizontal well (Rig Move imminent);
• The acquisition of 3D seismic data, and;
• The drilling of the Galt 6 & 7 Horizontal wells whose locations will be chosen based on 3D seismic data and results of the Galt 4 and 5 Horizontal wells.

Junex holds a 70% interest in the Galt Oil Property, with Junex's partner, Mr. Bernard Lemaire, holding the remaining 30% interest. Junex holds 100% interest in the adjacent acreage. The adjacent 100% Junex acreage has not yet been independently evaluated for its resource potential.

Netherland, Sewell & Associates, Inc., ("NSAI"), a firm of worldwide petroleum consultants based in Texas, has previously established their Best Estimate of the total Oil-Initially-In-Place ("OIIP") resources for the Forillon and Indian Point formations on the Galt Oil Property at 330 million barrels that includes Discovered Contingent OIIP volumes of 36 million barrels and Undiscovered Prospective OIIP volumes of 294 million barrels (see press release from March 27, 2013 for details of the NSAI report).

About Junex

Junex is a junior oil and gas exploration company that holds exploration rights on approximately 5.2 million acres of land located in the Appalachian basin in the Province of Quebec. The company is in the heart of the Utica Shale gas discovery located in the St. Lawrence Lowlands and holds a significant land-package on the Anticosti Island where an independent report has provided their Best Estimate of the undiscovered shale oil initially-in-place ("OIIP") volume for the Macasty Shale on all five of Junex's permits on Anticosti Island at 12.2 billion barrels. In parallel to its exploration efforts in Quebec and expansion of its exploration activities elsewhere, the company operates a drilling services division.