Hemisphere Energy Announces 64% Increase in Proved Plus Probable Reserves in 2013 - Seite 3

		Net Present Values of Future Net Revenue, Before Income Taxes
		Discounted at (% per Year)
		0%	5%	10%
Reserves Category		(M$)	(M$)	(M$)
Proved
	Developed Producing	17,253	15,421	13,910
	Developed Non-Producing	236	259	266
	Undeveloped	15,386	12,633	10,448
Total Proved		32,874	28,313	24,625
Probable		23,246	17,475	13,543
Total Proved Plus Probable		56,120	45,787	38,168

About Hemisphere Energy Corporation

Hemisphere Energy Corporation is a producing oil and gas company focused on developing core areas that provide low to medium risk drilling opportunities to increase production, reserves and cash flow. Hemisphere's continued growth plan is through drilling existing prospects and executing strategic acquisitions and farm-ins. Hemisphere trades on the TSX Venture Exchange under the symbol "HME".

Forward-looking Statements

This news release contains "forward-looking statements" that are based on Hemisphere's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding Hemisphere's outlook for our future operations, plans and timing for the commencement or advancement of exploration and development activities on our properties, and other expectations, intention and plans that are not historical fact. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Many of these factors are beyond the control of Hemisphere. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by Hemisphere will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. Hemisphere disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.