Aroway Energy Inc. Announces West Hazel Property Reserves

AROWAY ENERGY INC. (TSX VENTURE:ARW)(OTCQX:ARWJF) (www.arowayenergy.com) (the
"Company") is pleased to announce the results of its independent reserves
evaluation in accordance with National Instrument 51-101 Standards of Disclosure
for Oil and Gas Activities ("NI 51-101") on its newly acquired 100% owned and
operated West Hazel property in Western Saskatchewan as at December 1, 2012.


The independent reserves evaluation is focused on Aroway's 100% owned and
operated oil producing property in West Hazel, Saskatchewan. Aroway Energy
purchased the property effective November 27, 2012 and owns a 100% working
interest in the producing oil property. The West Hazel property at the time of
the acquisition had a third party reserve report which the company had reviewed
in the diligence process prior to completing the sale. Once the Company had the
opportunity to manage the wells and create an optimization strategy for the
property, Trimble Engineering Associates Ltd. ("Trimble") was engaged to
complete a new report as at December 1, 2012.


Chris Cooper, President & CEO commented, "We are extremely pleased with the
results of Trimble's evaluation on our 100% owned and operated West Hazel
Property. The report is a reflection of our strategy to acquire assets at their
proven value or less, and in this case we paid 32% below the proven value and
57% below the proven plus probable value discounted at 10% before tax. We have
begun the regulatory process of down spacing the West Hazel property to
facilitate the drilling of additional oil wells and designing a water handling
facility in order to approximately double current production, reduce our
operating costs and extend the life of the reserves. We will continue to be
active in the acquisition arena while we work up our 2013 summer and winter
drill program over spring breakup."


Highlights of Trimble Report:

Proved Reserves



--  46.7% Increased Proved reserves to 168,600 bbls (100% oil) 
--  NPV of Proved reserves is $4.062 million (before tax, discounted at 10%)



Proved plus Probable Reserves 



--  83.8% Increased Proved plus Probable reserves to 258,300 bbls (100%
    oil). 
--  NPV of Proved plus Probable reserves is $6.423 million (before tax,
    discounted at 10%)



Summary of Reserves for the West Hazel Property



Aroway Energy Inc.                                                          
SUMMARY OF RESERVES                                                         
December 1, 2012                                                            
                                                                            
----------------------------------------------------------------------------
                      Proved Developed                           Proved Plus
                             Producing       Total Proved           Probable
----------------------------------------------------------------------------
Oil - Mbbl                                                                  
----------------------------------------------------------------------------
Company Net                       86.3              168.6              258.3
----------------------------------------------------------------------------
                                                                            
Aroway Energy Inc.                                                          
PRESENT WORTH OF FUTURE NET REVENUE                                         
Before Income Tax (M$ Cdn.)                                                 
December 1, 2012                                                            
                                                                            
----------------------------------------------------------------------------
                      Proved Developed                           Proved Plus
                             Producing       Total Proved           Probable
----------------------------------------------------------------------------
Undiscounted                   2,625.5            5,168.5            8,495.2
----------------------------------------------------------------------------
Discounted @ 5%                2,492.7            4,531.1            7,299.2
----------------------------------------------------------------------------
Discounted @ 10%               2,376.4            4,062.7            6,423.0
----------------------------------------------------------------------------
Discounted @ 15%               2,273.8            3,704.5            5,755.0
----------------------------------------------------------------------------
Discounted @ 20%               2,182.7            3,421.3            5,228.3
----------------------------------------------------------------------------



The reserves data set forth below is based upon an independent reserves
evaluation prepared by Trimble Engineering Associates Ltd. ("Trimble") with an
effective date of December 1, 2012 (the "Trimble Report"). The following
presentation summarizes Aroway Energy's crude oil reserves and the net present
values before income tax of future net revenue for Aroway's reserves on Aroway
Energy's West Hazel Saskatchewan property only, using forecast prices and costs
based on the Trimble Report. The Trimble Report has been prepared in accordance
with definitions, standards, and procedures contained in the Canadian Oil and
Gas Evaluation Handbook and NI 51-101.


All evaluations and reviews of future net cash flows are stated prior to any
provisions for interest costs or general and administrative costs and after the
deduction of estimated future capital expenditures for wells to which reserves
have been assigned. It should not be assumed that the estimates of future net
revenues presented in the tables below represent the fair market value of the
reserves. There is no assurance that the forecast prices and cost assumptions
will be attained and variances could be material. The recovery and reserve
estimates of our crude oil reserves provided herein are estimates only and there
is no guarantee that the estimated reserves will be recovered. Actual crude oil
reserves may be greater than or less than the estimates provided herein.
Reserves included herein are stated on a company net basis (working interest
before deduction of royalties without including any royalty interests) unless
noted otherwise. In addition to the information disclosed in this news release,
more detailed information will be included in Aroway's Annual Information Form
which will be available on SEDAR at www.sedar.com by October 28, 2013. All
amounts are expressed in Canadian dollars unless otherwise noted. Due to
rounding, certain columns may not add exactly.


ABOUT AROWAY ENERGY INC.

Aroway Energy Inc. is a Western Canadian junior oil focused production and
Exploration Company participating in oil development & exploration prospects in
Alberta and Saskatchewan, Canada. Through a joint venture partnership in the
Peace River Arch of Northern, Alberta, Aroway and its Partner have assembled a
land package of 110 sections (70,400 acres) with 3D seismic coverage over almost
all of its lands. All exploration and development targets are in close proximity
to tie-in, gathering and plant infrastructure, controlled and owned by Aroway's
Joint Venture Partner. Aroway also has 100% operated working interest on a 3D
seismically defined exploration property in Central Alberta and a highly
economic heavy oil producing property in West Hazel, Saskatchewan. 


ON BEHALF OF AROWAY ENERGY INC

Chris Cooper, President & CEO

A conversion ratio of 1 barrel of oil equivalent ("boe"); 6 Mcf has been used,
which is based on an energy equivalency conversion method primarily applicable
at the burner tip nd does not necessarily represent a value equivalency at the
wellhead. Boes may be misleading, particularly if used in isolation. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Aroway Energy Inc.
Chris Cooper
President & CEO
Toll Free: 1-855-427-6929
[e-mail]


Aroway Energy Inc.
Judy-Ann Pottinger
Director of Communications
oll Free: 1-855-427-6929 or Mobile: [phone]
[e-mail]
www.arowayenergy.com