Waldron Energy Corporation Announces Engagement of Financial Advisor to Undertake Process to Dispose of Assets in Order to Unlock Shareholder Value - Seite 2

In consultation with its financial advisor, Waldron feels that it would be best served to open up a data room in early 2015, once the 2014 year-end reserves evaluation is available from the Corporation's third party reserve evaluator. Waldron expects to provide an update in mid to late January as to the timing of the sales process, including availability of marketing materials and access to a confidential data room and management technical presentations. Interested parties may also contact Cormark Securities at [e-mail] or visit www.cormark.com (see 'Investment Banking' and 'Announced M&A Mandates') for more information and updates concerning the sale process.

The Corporation cautions that there are no assurances or guarantees that the process will result in one or more transactions or, if one or more transactions are undertaken, the terms or timing of such transaction(s). Given the current preparation of the Corporation's annual independent reserves report and the expected timing of its completion, the Corporation has not established a definitive schedule to complete its identification, examination and consideration of potential transactions.

Investor Information

Waldron is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. The Corporation's common shares are currently listed on the Toronto Stock Exchange under the trading symbol "WDN."

Additional information regarding Waldron is available under the Corporation's profile at www.sedar.com or at the Corporation's website, www.waldronenergy.ca.

Forward-Looking and Cautionary Statements

This news release contains forward-looking statements relating to the Corporation's plans and other aspects of the Corporation's anticipated future operations, strategies, financial and operating results and business opportunities. These forward-looking statements may include opinions, assumptions, estimates, management's assessment of value, reserves, future plans and operations.

Forward-looking statements typically use words such as "will," "anticipate," "believe," "estimate," "expect," "intend," "may," "project," "should," "plan," and similar expressions suggesting future outcomes, and include statements that actions, events or conditions "may," "would," "could," or "will" be taken or occur in the future. Specifically, this press release contains forward-looking statements relating to the Corporation's contemplated asset sale process; and the estimated net asset value of the Corporation. The forward-looking statements are based on various assumptions including the assumptions with respect to production, implied valuation, netbacks, annualized cash flow and approximate net debt, as well as expectations regarding the timing and success of its asset sale process, the timing and success of current or future drill wells; the outlook for petroleum and natural gas prices; estimated amounts and timing of capital expenditures and success of the asset sales process; estimates of future production; assumptions concerning the timing of regulatory approvals; the state of the economy and the exploration and production business; results of operations; business prospects and opportunities; future exchange and interest rates; assumptions with regards to hedging activities; the Corporation's ability to obtain equipment in a timely manner to carry out development activities; and the ability of the Corporation to access capital and credit. While the Corporation considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.