Raise Production Inc. Provides Operational Update

CALGARY, ALBERTA--(Marketwired - March 6, 2015) - Raise Production Inc. (TSX VENTURE:RPC) ("Raise" or the "Company") is pleased to provide an operational update regarding its Horizontal Wellbore Production System ("the System").

During the past few weeks, the Company retrieved two Systems it had previously deployed in its test partners wells. Both Systems were retrieved without incident and provide further proof that running and pulling completions from the entire length of the horizontal section, even after an extended time period on production, is repeatable and will not act as any detriment to future System installations.

The Company is continuing to explore various materials and manufacturing processes on the previously mentioned part malfunction. To date, Raise has experienced delays in receiving qualified parts in its facility as its supplier has encountered issues producing the product to specification. This supplier is currently working to develop the product with an alternative material. In response to this issue, the Company has expanded its efforts to use different materials and alternative manufacturing processes. Raise is engaged with a number of possible suppliers with a view to receiving potential parts as soon as practical. Although risk is inherent in developing a new product and no guarantees can be given, at this time Raise believes the part it requires is a technically achievable product and it wants to inform shareholders it has numerous possible alternatives in terms of potential suppliers and manufacturing processes. In light of these delays, field testing will occur as soon as is practical upon successful receipt and testing of replacement parts.

The Company has also continued to deploy its proprietary vertical rod pumps ("Rod Pump") in test wells and we are currently on the final design and manufacture of what will be the final iteration for shallow and deep well applications of this technology. The Rod Pump is an integral component of the System but can also have commercial application as a stand alone product once testing and validation of life cycles is completed.

About Raise Production Inc.

The Company is an innovative oilfield service company that focuses its efforts on the production service sector, utilizing its patented products to enhance and increase ultimate production in both conventional and unconventional horizontal oil and gas wells.