Contact Exploration Inc.

Contact reports that it has mailed a joint information circular and proxy statement of Contact and Donnycreek Energy Inc. and related meeting materials in connection with the annual and special meeting of the securityholders of Contact currently scheduled to be held in the Mayfair Room of the Westin Calgary, 320 - 4th Avenue S.W., Calgary, Alberta at 9:00 a.m. on December 19, 2014.

Contact Exploration is pleased to announce that each of the three Contact operated wells, at 2-18-63-5 W6M, 8-20-63-5 W6M and 9-20-63-5 W6M, drilled from the Company's first three-well pad, have successfully been on production since early October 2014. Contact holds a 25% WI in the New Wells.Average production from the New Wells during the period October 8, 2014 to November 9, 2014 (excluding downtime) is summarized [...]

Contact is pleased to announce that it has closed its previously announced brokered private placement pursuant to which it has issued 62,215,000 common shares of the Company, which includes 8,115,000 Common Shares issued pursuant to the full exercise of the over-allotment option granted to the Underwriters at a price of $0.37 per Common Share for aggregate gross proceeds of $23,019,550. Canaccord Genuity Corp. led a [...]

Contact announces that it has issued a total of 1,550,000 stock options to two employees of the Company in accordance with the Company's shareholder approved stock option plan, including 1,400,000 stock options being issued to the Vice President, Finance and Chief Financial Officer of the Company. The stock options are exercisable at a price of $0.33 per share, expire in five years and vest as to one-third on each of [...]

Contact Exploration is pleased to announce that it has entered into a strategic merger with Donnycreek Energy to form a new, amalgamated corporation having an operated 75% working interest in Contact's core East Kakwa, Alberta property. The combined company will also have significant additional acreage in the Kakwa/Resthaven and Wapiti areas of Alberta's Deep Basin. Contact is also pleased to announce that it has [...]

Contact Exploration is pleased to announce the appointment of Mr. Chad Kalmakoff as Vice President, Finance & Chief Financial Officer effective today. Mr. Kalmakoff brings extensive financial experience, most recently as Vice President, Finance and CFO with Corinthian Exploration Corp., a successful private oil and gas company acquired by Legacy Oil + Gas Inc. earlier in 2014. Prior thereto, Mr. Kalmakoff was Vice [...]

Contact Exploration announces that it has been advised by Pieridae Energy Limited that on August 29, 2014 Pieridae closed a non-brokered private placement of common shares pursuant to which it raised aggregate gross proceeds of $22.2 million at a price of $9 per share. Pieridae is a Canadian energy infrastructure development company that has partnered with Contact to secure natural gas supply opportunities for [...]

Contact Exploration is pleased to announce that it has today filed its interim consolidated condensed financial statements for the quarter ended June 30, 2014 and the related management's discussion and analysis on the Company's profile on the System for Electronic Document Analysis and Retrieval website.