Opal Energy Announces $300,000 Shares for Debt Settlement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 11, 2014) - Opal Energy Corp. (the "Company") (NEX BOARD:OPA.H) announces that it is completing a $300,000 shares for debt settlement with its primary creditor (the "Debt Settlement") The Debt Settlement will result in the issuance of a maximum of 6,000,000 shares at a minimum price of $0.05 per share. The Debt Settlement has been assigned to multiple arm's length parties and will not result in the creation of new insiders or a new control person. The Debt Settlement is subject to NEX approval.

Opal Energy Corp.

Opal Energy Corp. is an independent oil and gas exploration and production company based in Vancouver, B.C.

On behalf of the Board of Directors

Opal Energy Corp.

David Hughes, CFO and Director

Neither the NEX or 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.