Sundance Energy Announces Closing of Private Placement of Debentures

CALGARY, ALBERTA--(Marketwired - Oct. 1, 2013) - Sundance Energy Corporation ("Sundance" or the "Corporation") (TSX VENTURE:SNY) (OTCQX:SNYXF) announced today that the Corporation has closed the previously announced non-brokered private placement offering of 10% secured subordinated convertible debentures in the principal amount of $500,000, subject to TSX Venture Exchange final approval. The debentures will bear interest at the rate of ten percent (10%) per annum, payable quarterly and will mature on the date that is the earlier of: (a) five (5) years from the date of issuance; and (b) the date that is sixty (60) days' following the receipt (the "60 Day Date") by the Corporation of written notice from the holder of a debenture that the term has been reduced to such 60 Day Date, which notice may be given in the holder's sole discretion at any time during the period from two (2) years from the date of issuance until five (5) years from the date of issuance of the debenture. The debentures will be secured against the personal and real property of the Corporation and will be convertible at the holder's option into common shares of the Corporation (on a post-consolidation basis) at a conversion price of: (i) $0.05 per common share until the date that is one (1) year from the closing date; and (ii) $0.10 per common share for the period from the date following one (1) year from the closing date up to and including the maturity date.

All securities issued in connection with the offering will be subject to a four month hold period expiring on January 31, 2014. A finder acting in connection with the offering received a fee of $50,000. The net proceeds from the offering will be used to finance the Corporation's continuing capital program and for general working capital purposes.

Forward Looking Statements

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation's disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with 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.