Stonehaven Reports Issuance of Stock Options

CALGARY, ALBERTA--(Marketwired - Feb. 27, 2015) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that it has issued an aggregate of 715,200 options to purchase common shares of the Company to certain directors, officers and employees of the Company in accordance with the Company's stock option plan. The options are exercisable at a price of $1.40 per share and expire five years from the date of grant.

Stonehaven holds an interest in 20 gross sections (7.34 net sections) of petroleum and natural gas rights at Bigstone and Fir, Alberta. Further information relating to Stonehaven is also available on its website at www.stonehavenexp.com.

For further information, please contact Malcolm Todd, President and Chief Executive Officer.

NEITHER 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 NEWS RELEASE.