Alexander Energy Ltd.: Early Warning

On December 10, 2013, Alexander Energy Ltd. ("Alexander" or the "Corporation")
(TSX VENTURE:ALX) announced that it had closed the first tranche of its
non-brokered unit private placement (the "Initial Private Placement"). Pursuant
to the Initial Private Placement, the Corporation issued 119,735,183 units (the
"Units") at a price of $0.15 per Unit for gross proceeds of $17,960,277.45. Each
Unit is comprised of one common share ("Common Share") and one Common Share
purchase warrant ("Warrant") entitling the holder to purchase one Common Share
at a price of $0.20 per Common Share for a period of five years from the date of
issuance, subject to certain vesting thresholds. As at the date hereof,
Alexander has 191,633,327 Common Shares and 119,735,183 Warrants outstanding. 


In accordance with Multilateral Instrument 62-104 - Take-Over Bids and Issuer
Bids and National Instrument 62-103 - The Early Warning System and Related
Take-Over Bid and Insider Reporting Issues, pursuant to the Unit Private
Placement: 




--  Mr. Richard F. McHardy, together with his spouse, acquired ownership or
    control of an aggregate of 26,666,667 Common Shares and 26,666,667
    Warrants, representing approximately 13.92% of the total issued and
    outstanding Common Shares and approximately 22.27% of the total issued
    and outstanding Warrants. 
    
--  Mr. Fotis Kalantzis, together with his spouse and son, acquired
    ownership or control of an aggregate of 24,106,666 Common Shares and
    24,106,666 Warrants, representing approximately 12.58% of the total
    issued and outstanding Common Shares and approximately 20.13% of the
    total issued and outstanding Warrants. 
    
--  Mr. Albert Stark acquired ownership or control of an aggregate of
    20,000,000 Common Shares and 20,000,000 Warrants, representing
    approximately 10.44% of the total issued and outstanding Common Shares
    and approximately 16.70% of the total issued and outstanding Warrants. 



The Common Shares and Warrants were acquired for investment purposes. Each of
Mr. McHardy, Mr. Kalantzis, Mr. Stark and their family members, as applicable,
may from time to time on an individual or joint basis acquire additional
securities of the Corporation, dispose of some or all of the existing or
additional securities he holds or will hold, or may continue to hold his current
position. 


All of the securities purchased were acquired in reliance on either the
accredited investor or the family, friends and business associate exemptions of
National Instrument 45-106 - Prospectus and Registration Exemptions. Copies of
the early warning reports for the individuals listed above will be filed on
SEDAR and may also be obtained by contacting the individual listed below. 


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)