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DEI

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Share Name Share Symbol Market Type
TSXV:DEI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Donnybrook Announces Results of Annual and Special Meeting of Shareholders and Corporate Update

09/09/2013 1:00pm

Marketwired Canada


Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) reports
that at its annual and special meeting of shareholders of the Company
("Shareholders") held on September 6, 2013 (the "Meeting"), Shareholders
approved all items of business, including the previously announced proposed
consolidation of its common shares ("Common Shares") and name change.


At the Meeting, Shareholders approved a special resolution to consolidate the
issued and outstanding Common Shares on the basis of one (1) post-consolidation
Common Share for up to every forty-three (43) pre-consolidation Common Shares,
or such lesser ratio that the board of directors of the Company (the "Board"),
in its sole discretion, may determine to be appropriate (the "Consolidation").
Shareholders also approved a special resolution to change the name of the
Company to "Deca Exploration Inc." or such other name as the Board may determine
to approve (the "Name Change"). 


Additionally, Shareholders approved an amendment to the Company's by-laws
relating to the advance notice for the nomination of directors (the "Advance
Notice By-Law"). The Advance Notice By-Law fixes deadlines for submitting
director nominations to the Company prior to any annual or special meeting of
Shareholders where director are to be elected, and sets forth the information
that a Shareholder must include in their nomination in order for it to be valid.
The purpose of the Advance Notice By-Law is to treat all Shareholders fairly by
ensuring that all Shareholders, including those participating in a meeting by
proxy rather than in person, receive adequate notice of the nominations to be
considered at a meeting and can thereby exercise their voting rights in an
informed manner. In addition, the Advance Notice By-Law should assist in
facilitating an orderly and efficient meeting process. The full text of the
Advance Notice By-Law is contained in the management information circular of the
Company dated August 8, 2013 which is available under the Company's profile on
SEDAR at www.sedar.com. 


The Company is assessing the impact of the recently announced proposed class
action on its pursuit of strategic alternatives and the maximization of
Shareholder value. The Company firmly believes that the allegations in the
proposed class action are without merit and the Company will be vigorously
defending the claims.


Except as required by law, Donnybrook does not intend to disclose developments
with respect to strategic alternatives until the Board has approved a definitive
transaction or strategic alternative. The Company cautions that there are no
guarantees that a transaction will be undertaken or a strategic alternative
pursued. 


ON BEHALF OF THE BOARD OF DONNYBROOK ENERGY INC.

Malcolm F. W. Todd, Chief Executive Officer

ADVISORY ON FORWARD-LOOKING STATEMENTS: This news release contains certain
forward-looking information and statements ("forward-looking statements") within
the meaning of applicable securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "may", "will", "project", "should",
"believe", "plans", "intends" and similar expressions are intended to identify
forward-looking statements. In particular and without limitation, this news
release contains forward-looking statements concerning the Name Change, the
Consolidation, the proposed class action and the Company's strategic review.


Forward-looking statements are based on a number of material factors,
expectations or assumptions of Donnybrook which have been used to develop such
statements and information but which may prove to be incorrect. Although
Donnybrook believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them because
Donnybrook can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. 


Additional information regarding some of these risks, expectations, assumptions
and other factors may be found in the Company's Annual Information Form and
Management's Discussion and Analysis prepared for the year ended December 31,
2012. The reader is cautioned not to place undue reliance on these
forward-looking statements. The forward-looking statements contained in this
news release are made as of the date hereof and Donnybrook undertakes no
obligations to update publicly or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, unless so required
by applicable securities laws. 


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: 
Donnybrook Energy Inc.
Malcolm Todd
President and Chief Executive Officer
(604) 684-2356
(604) 684-4265 (FAX)

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