Hyperion Exploration Corp.

Hyperion Exploration Corp.

February 06, 2012 07:30 ET

Hyperion Exploration Corp. Announces Increase of New Bank Facilities

CALGARY, ALBERTA--(Marketwire - Feb. 6, 2012) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) is pleased to announce an increase of its existing banking facilities with its credit provider. Hyperion has increased the revolving operating facility to a borrowing limit of $30.0 million and increased the acquisition/development facility to a borrowing limit of $10.0 million. Security for these facilities will continue to be provided by way of a charge over the petroleum and natural gas assets of the Company. The facilities currently remain undrawn and are subject for review on or before May 31, 2012.

About Hyperion

Hyperion is a publically traded, high growth junior light oil and gas. Hyperion's business strategy is to grow through acquisitions which lead to lower risk, scalable and repeatable development drilling projects. Hyperion core Alberta operations are in North Pembina, Buck Lake, Garrington, Niton, and Chip Lake areas. Hyperion also operates in British Columbia in the Paradise area. The common shares of the Company trade on the TSX Venture Exchange under the trading symbol "HYX".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the 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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