Greenfields Petroleum Corporation Announces Grant of Common Shares

HOUSTON, TEXAS--(Marketwired - Feb. 24, 2015) -

NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Greenfields Petroleum Corporation (the "Company" or "Greenfields") (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB), announces that, further to the January 29, 2015 press release of the Company, it has issued an aggregate of 55,685 common shares of the Company ("Common Shares"), at a deemed price of CDN$1.00 (USD$0.862) per Common Share, to certain directors of the Company in satisfaction of director fees payable to such directors in the aggregate amount of CDN$55,685 (USD$48,000). The Company received final acceptance of the TSX Venture Exchange with respect to such issuance on February 20, 2015. The Common Shares will be subject to a four-month hold period from the date of issuance.

About Greenfields Petroleum Corporation

Greenfields is a junior oil and natural gas corporation focused on the development and production of proven oil and gas reserves principally in the Republic of Azerbaijan. The Company plans to expand its oil and gas assets through further farm-ins and acquisitions of Production Sharing Agreements from foreign governments containing previously discovered but under-developed international oil and gas fields, also known as "greenfields". More information about the Company may be obtained on the Greenfields website at www.greenfields-petroleum.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.