Alexander Energy Ltd. Announces Completion of Previously Announced Southeast Saskatchewan Property Acquisition

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Alexander Energy Ltd. ("Alexander" or the "Corporation") (TSX VENTURE:ALX) is
pleased to announce that it has successfully completed the acquisition of
certain assets located in southeast Saskatchewan (the "Assets") previously
announced on December 18, 2013. The Assets were acquired from an arm's length
public oil and gas company for total consideration of $32.5 million with an
effective date of December 1, 2013.


Following the completion of the acquisition of the Assets, Alexander is
well-positioned with positive working capital of approximately $61 million and a
predominately light oil production base of approximately 950 boe/d coupled with
numerous growth opportunities focused across central Alberta and southeast
Saskatchewan.


About Alexander

Alexander Energy Ltd. is a Calgary, Alberta based company engaged in the oil and
gas exploration and development industry. The Corporation's Common Shares are
listed on the TSX Venture Exchange under the trading symbol "ALX".


Boe's may be misleading, particularly if used in isolation. A boe conversion
ratio of 6 mcf:1 bbl is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead. Boe/d manes barrel of oil equivalent per day.


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 news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alexander Energy Ltd.
Richard (Rick) McHardy
President and Chief Executive Officer
403.265.6444
403.264.1348 (FAX)


Alexander Energy Ltd.
Michelle Wiggins
Vice President, Finance and Chief Financial Officer
403.265.6444
403.264.1348 (FAX)