Sundance Energy Corporation

Sundance Energy Corporation

March 13, 2012 09:00 ET

Sundance Energy Engages Beaufort International Associates for Preferred Share Financing

CALGARY, ALBERTA--(Marketwire - March 13, 2012) - Sundance Energy Corporation ("Sundance" or the "Corporation") (TSX VENTURE:SNY)(OTCQX:SNYXF) is pleased to announce that it has entered into an agreement with UK-based Beaufort International Associates Limited ("Beaufort") as agent, lead broker and sole global book runner, on a best efforts basis, for the offering (the "Offering") of preferred shares in the capital of Sundance ("Preferred Shares").

It is anticipated that the Offering will be conducted on a private placement basis to eligible subscribers in the UK, Europe, Canada, Australia, and the United States for minimum gross proceeds of C$5 million and maximum gross proceeds of C$15 million.

The terms and conditions of the Preferred Shares and the issue price of the Preferred Shares (the "Offering Terms") will be determined and agreed upon by Sundance and Beaufort. It is anticipated that the general nature of the Offering will be such that the Preferred Shares will have an annual dividend payment attached to them and the Preferred Shares will be convertible into common shares of the Corporation for a set period of time at a price above Sundance's current market price. If Beaufort and Sundance do not agree on the Offering Terms on or before March 23, 2012, the agreement will terminate.

In addition to certain administrative fees, Beaufort will be paid a cash commission equal to 6% of aggregate gross proceeds raised from subscribers introduced by Beaufort and will receive non-transferable warrants representing 6% of the share capital that is placed with subscribers introduced by Beaufort. Any other proceeds raised from or through Sundance's management will entitle Beaufort to receive a minimum syndicate management fee of 1% of this amount plus non-transferable warrants representing 1% of the share capital that is placed.

Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals (including the approval of the TSX Venture Exchange). Sundance expects the Offering to close in April, 2012.

Sundance Energy Corporation is a junior publicly traded oil and gas company whose primary focus is exploring First Nation Lands in Western Canada.

Forward Looking Statements

This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are exploration risks detailed from time to time in the filings made by the Corporation with securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Sundance. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Sundance does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

Cautionary Statement Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein.

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