Stonehaven Reports Fiscal Year-End Reserves at December 31, 2014

CALGARY, ALBERTA--(Marketwired - Feb. 13, 2015) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports the results of its December 31, 2014 Reserves Assessment and Evaluation of certain of its Alberta oil and gas properties, as evaluated by GLJ Petroleum Consultants ("GLJ") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and the COGE Handbook.

A summary of the Company's reserves volumes according to reserve category as at December 31, 2014 is as provided in the following table. Unless otherwise stated, the reserves information included in this release is stated on a "company interest" basis, which represents Stonehaven's working interest operated and non-operated) share of remaining reserves before deduction of royalties and including any royalty interests. Numbers presented in table may not add exactly due to rounding.

COMPANY SHARE OF REMAINING RESERVES (GROSS)

		Natural Gas	Natural Gas Liquids	Total Oil Equivalent
Reserves Category		(MMcf)	(Mbbl)	(Mboe)
Proved
	Producing	2,423	29	433
	Undeveloped	3,314	144	697
Total Proved		5,737	174	1,130
Probable		9,407	556	2,123
Total Proved plus Probable		15,144	729	3,253

A summary of the Company's estimated future net revenues associated with Stonehaven's reserves as at December 31, 2014 based on the GLJ January 1, 2015 price forecast is provided in the following table. It should not be assumed that the net present values estimated by GLJ represent the fair market value of the reserves. Numbers presented in table may not add exactly due to rounding.

Before Income Taxes Discounted at (%/year)
		0%	5%	10%	15%	20%
Reserves Category		(M$)	(M$)	(M$)	(M$)	(M$)
Proved
	Producing	5,751	4,403	3,536	2,947	2,528
	Undeveloped	6,656	3,436	1,678	650	18
Total Proved		12,407	7,839	5,214	3,597	2,546
Probable		32,699	16,791	9,475	5,570	3,248
Total Proved plus Probable		45,105	24,630	14,689	9,167	5,795

Relevant portions of the GLJ January 1, 2015 price forecast used in the Company's evaluation are as follows:

								Pentanes
		Natural Gas			Light Crude Oil			Plus	Inflation	Exchange
		Henry Hub	AECO Gas Price		WTI	Edmonton		Edmonton	Rates	Rate
Year		($U.S./MMBtu)	($CDN/MMBtu)		($US/bbl)	($CDN/bbl)		($CDN/bbl)	(%/year)	($US/$CDN)
Forecast
2015		3.31	3.31		62.50	64.71		69.24	2.0	0.850
2016		3.75	3.77		75.00	80.00		85.60	2.0	0.875
2017		4.00	4.02		80.00	85.71		91.71	2.0	0.875
2018		4.25	4.27		85.00	91.43		97.83	2.0	0.875
2019		4.50	4.53		90.00	97.14		103.94	2.0	0.875
2020		4.75	4.78		95.00	102.86		110.06	2.0	0.875
2021		5.00	5.03		98.54	106.18		113.62	2.0	0.875
2022		5.25	5.28		100.51	108.31		115.89	2.0	0.875
2023		5.50	5.53		102.52	110.47		118.20	2.0	0.875
2024		5.68	5.71		104.57	112.67		120.56	2.0	0.875
2025+		+2.0%/yr	+2.0%/yr		+2.0%/yr	+2.0%/yr		+2.0%/yr	2.0	0.875

Stonehaven currently has 7,152,903 common shares issued and outstanding, no debt and an estimated net working capital position of approximately $6.8 million.

The Company holds an interest in 20 gross sections (7.34 net sections) of petroleum and natural gas rights at Bigstone and Fir, Alberta.

Stonehaven has been named to the 2015 TSX Venture 50. The 2015 TSX Venture 50 is comprised of the top 10 companies listed on the TSX Venture Exchange, in each of the following five major industry sectors: Clean Technology, Diversified Industries, Mining, Oil & Gas and Technology and Life Sciences.

Further information relating to Stonehaven is also available on its website at www.stonehavenexp.com.

ADVISORY ON FORWARD-LOOKING STATEMENTS

Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including statements regarding the Company's future net revenues. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Stonehaven's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Stonehaven believes that the expectations in our forward-looking statements are reasonable, our forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking information. As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our Annual Information Form and other documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Stonehaven does not undertake any obligation to publicly update or to revise any of the included forward- looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.

All evaluations and reviews of future net revenue are stated prior to any provision for interest costs or general and administrative costs and after the deduction of estimated future capital expenditures for wells to which reserves have been assigned. There is no assurance that such price and cost assumptions will be attained and variances could be material . The recovery and reserve estimates of the reserves provided herein are estimates only and there is no guarantee that the estimated reserves will be recovered. Actual reserves may be greater than or less than the estimates provided herein.

Where amounts are expressed on a barrel of oil equivalent ("BOE") basis, natural gas volumes have been converted to oil equivalence at six thousand cubic feet per barrel. The term BOE may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet per barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. References to oil in this discussion include crude oil and natural gas liquids ("NGLs"). NGLs include condensate, propane, butane and ethane. References to gas in this discussion include natural gas.

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