Azabache Energy Inc.
TSX VENTURE : AZA

Azabache Energy Inc.

October 10, 2014 16:03 ET

Azabache Announces Receipt of Independent Engineering Report

CALGARY, ALBERTA--(Marketwired - Oct. 10, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Azabache Energy Inc. ("Azabache" or the "Company") (TSX VENTURE:AZA) announces the completion an independent engineering report prepared by Gaffney Cline & Associates entitled "In Place Volume Assessment for Designated Section of Covunco Norte-Sur and El Corte Blocks - Vaca Muerta Formation" and dated September 30, 2014.

The full report can be viewed at the Company's website at www.azaenergy.com and is also available on SEDAR at www.sedar.com.

Based on this report, Azabache is reviewing its development plan for the Covunco-El Corte Blocks. This plan will, in turn, permit the Company to further define its financial requirements.

This press release contains forward-looking statements. The forward-looking statements contained in this document are based on certain key expectations and assumptions made by Azabache. Although Azabache believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Azabache can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this document are made as of the date hereof and Azabache undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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.

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