SYS-CON MEDIA Authors: Roger Strukhoff, Pat Romanski, Doug Masi, Mat Mathews, Newswire

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Painted Pony Announces Sudden Passing of Director

CALGARY, ALBERTA -- (Marketwired) -- 02/24/14 -- Painted Pony Petroleum Ltd. (TSX: PPY) (the "Company" or "Painted Pony") announces the sudden passing of Mr. Kelly Drader, a valued member of the Company's Board of Directors. Mr. Drader's contributions to the Company were significant and were greatly appreciated. Mr. Drader was instrumental in helping to establish the strategic growth initiatives of the Company. The Board of Directors and management of the Company extend their deepest condolences to Mr. Drader's family.

He will be deeply missed by the employees and directors of Painted Pony.

About Painted Pony

Painted Pony Petroleum Ltd. is a public oil and gas exploration company based in Calgary, Alberta. Painted Pony's philosophy is to grow through exploration and development drilling, complemented by strategic corporate and asset acquisitions. The Company is primarily focused on natural gas from the Montney formation in northeast British Columbia and light oil in southeast Saskatchewan.

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Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release.

Painted Pony Petroleum Ltd.
Patrick R. Ward
President & CEO
(403) 475-0440
(403) 238-1487 (FAX)

Painted Pony Petroleum Ltd.
John H. Van de Pol
Vice President, Finance & CFO
(403) 475-0440
(403) 238-1487 (FAX)

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