Brownstone Energy Inc. Releases Results For The Year Ended June 30, 2013

Brownstone Energy Inc. (TSX VENTURE:BWN)(OTCQX:BWSOF) "Brownstone" or the
"Company") today announces its results for the year ended June 30, 2013.


As at June 30, 2013, the Company had cash and cash equivalents of $9.6 million
as compared to $18.2 million as at June 30, 2012. Investments at fair value
totaled $1.7 million as at June 30, 2013 as compared to $2.8 million as at June
30, 2012. Also, as at June 30, 2013, exploration and evaluation assets totaled
$17.3 million as compared to $45.1 million as at June 30, 2012.


Financial Highlights for the year ending June 30, 2013 with comparatives:



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Operating Results                                   Year ended June 30,     
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                                                         2013          2012 
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Net realized losses on disposal of investments   $          -  $ (5,008,726)
Net change in unrealized losses on investments     (1,604,261)     (610,098)
Net investment losses                              (1,604,261)   (5,618,824)
Operating, general and administrative expenses      2,691,218     5,277,579 
Impairment of exploration and evaluation assets    36,394,392    16,292,799 
Loss for the year                                 (40,860,181)  (27,053,898)
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Basic and diluted loss per common share                 (0.31)        (0.21)
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Consolidated statements of financial position                               
Highlights                                     June 30, 2013  June 30, 2012 
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Cash and cash equivalents                      $   9,595,064  $  18,197,006 
Investments, at fair value                         1,667,208      2,771,469 
Exploration and evaluation assets                 17,274,483     45,141,148 
Total assets                                      30,452,958     67,650,272 
Total liabilities                                  3,551,120      1,150,868 
Share capital, warrants and broker warrants,                                
 contributed surplus                             120,963,437    120,550,480 
Foreign currency translation reserve                 (79,081)      (928,739)
Deficit                                          (93,982,518)   (53,122,337)
Working Capital                                    8,992,430     20,793,675 
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During the year ended June 30, 2013, the Company spent cash (net of oil sales)
of $10,935,983 on exploration and evaluation assets as compared to $16,717,003
during the year ended June 30, 2012. In June 2013, the Company sold its 25%
private participating interest in the Canaguaro Block (Colombia) for gross
proceeds of US$6,000,000. During the year ended June 30, 2013, the Company
recorded an impairment of $36,394,392 (2012 - $16,292,799) on its exploration
and evaluation assets. 


Brownstone is currently participating in several oil and gas exploration
projects based in Colombia, Israel, United States (Colorado/Utah and Oregon),
and Argentina. 


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.


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


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


Brownstone Energy Inc.
Gerry Feldman, CPA, CA
Chief Financial Officer
[phone]
[e-mail]
www.brownstoneenergy.com