Alexander Energy Ltd. Announces Shareholder Approval of Share Consolidation and Name Change

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VIOLATION OF U.S. SECURITIES LAWS.


Alexander Energy Ltd. (TSX VENTURE:ALX) ("Alexander" or the "Corporation") is
pleased to announce that it will proceed with the previously approved share
consolidation and name change. On the effective date, which is expected to be on
or about February 28, 2014, the currently outstanding common shares of Alexander
(the "Common Shares") will be consolidated on the basis of one new Common Share
for four existing Common Shares (the "Consolidation"), and Alexander's name will
be changed to "Spartan Energy Corp." (the "Name Change"). In the event that the
number of existing Common Shares held by a shareholder is not evenly divisible
by four, the number of post-Consolidation Common Shares issued to such
shareholder shall be rounded up to the next greater whole number if the
fractional entitlement is equal to or greater than 0.5 and shall be rounded down
to the next lesser whole number if the fractional entitlement is less than 0.5. 


Alexander presently has 253,664,811 Common Shares issued and outstanding. Upon
giving effect to the Consolidation, the Corporation will have approximately
63,416,203 Common Shares, 38,265,500 special warrants, 2,307,500 options,
2,246,817 rights and 33,721,713 performance warrants issued and outstanding
(subject to fractional rounding). Alexander believes that the Consolidation is
necessary to attract ongoing investment.


The Consolidation and Name Change were approved by the shareholders at a special
meeting of shareholders held on February 18, 2014. The Consolidation and Name
Change are subject to TSX Venture Exchange ("TSXV") approval. Alexander expects
that the trading of its common shares on the TSXV under the name "Spartan Energy
Corp." and symbol "SPE" will commence on or about March 3, 2014.


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".


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)
[e-mail]
www.alexanderenergy.ca