Brownstone Announces Extensions on Yitzhak and Gabriella Licenses, Offshore Israel

Brownstone Energy Inc. (TSX VENTURE:BWN)(OTCQX:BWSOF) ("Brownstone" or "the
Company") is pleased to announce that it has received an extension (the
"Extension") from the Ministry of Energy and Water of the State of Israel (the
"Ministry") for the work programs on the Yitzhak and Gabriella licenses,
offshore Israel. Brownstone and the other license holders have also relinquished
their interests in the Samuel license, offshore Israel, back to the State of
Israel. Brownstone held a 6.75% interest in the Samuel license.


The extended work program for the Yitzhak license requires the Company, and the
other participants on the Yitzhak license, to submit an Environmental Impact
Assessment to the Central District Planning Committee of the State of Israel by
January 1, 2014, and execute a drilling contract by September 30, 2014. The
Yitzhak license has been extended to October 14, 2014. Brownstone holds a 15%
interest in the license.


The extended work program for the Gabriella license requires the Company, and
the other participants on the Gabriella license, to submit a request to the
Ministry for approval of a new operator that complies with Ministry regulations
by February 28, 2014, execute a drilling contract by April 30, 2014, complete an
Anisotropic PSDM and coherent sub surface model by July 31, 2014, and spud a
well by August 31, 2014. The Gabriella license has been extended to September 1,
2014. Brownstone holds a 15% interest in the license.


Brownstone further announces that the work program for the Yam Hadera license,
on which Brownstone has an option to acquire a 10% interest, has also been
extended. The extended work program requires the participants on the Yam Hadera
license, to submit a request to the Ministry for approval of a new operator that
complies with Ministry regulations by February 28, 2014, execute a drilling
contract by May 31, 2014, submit an Environmental Assessment by May 31, 2014,
and spud a well by August 31, 2014.


About Brownstone

Brownstone Energy Inc. is a Canadian-based, energy focused company with direct
interests in oil and gas exploration projects, including varying interests in
off-shore Israel and in the Llanos basin, Colombia, as well as other oil and gas
interests worldwide. By owning and managing a diversified portfolio of
energy-based projects, Brownstone provides shareholders with a unique energy
alternative. For additional information, please see Brownstone's website:
www.brownstoneenergy.com.


Neither 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 release.


Cautionary Statements

This news release contains forward-looking information and forward-looking
statements within the meaning of applicable securities laws (together,
"forward-looking information"). The use of any of the words "expect",
"anticipate", "continue", "estimate", "believe", "plans", "intends",
"confident", "may", "objective", "ongoing", "will", "should", "project",
"should" and similar expressions are intended to identify forward-looking
information.


The forward-looking information is based on certain key expectations and
assumptions made by the Company, including expectations and assumptions
concerning the operational results in the U.S.A. Although the Company believes
that the expectations and assumptions on which the forward-looking information
are based are reasonable, undue reliance should not be placed on the
forward-looking information because the Company can give no assurance that they
will prove to be correct.


Since forward-looking information addresses future events and conditions, by its
very nature it involves inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks. These include, but are not limited to, the inherent risks involved in
the exploration and development of oil and gas properties, the uncertainties
involved in interpreting drilling results and other geological data,
uncertainties relating to fluctuating oil and gas prices, the possibility of
cost overruns or unanticipated costs and expenses and other factors including
unforeseen delays. Anticipated exploration and development plans relating to the
Company's properties are subject to change.


The foregoing list of assumptions, risks and uncertainties is not exhaustive.
The forward-looking information contained in this press release is made as of
the date hereof and Brownstone undertakes no obligation to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brownstone Energy Inc.
Jonathan Schroeder, P. Geoph.,
President and COO
[phone]
[e-mail]


Brownstone Energy Inc.
Gerry Feldman
CFO
[phone]
[e-mail]


Brownstone Energy Inc.
Richard Patricio
Vice-President Corporate and Legal Affairs
[phone]
[e-mail]
www.brownstoneenergy.com