Eaglewood Energy Inc. Announces Shareholder Approval of the Plan of Arrangement

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UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
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Eaglewood Energy Inc. (TSX VENTURE:EWD) ("Eaglewood") is pleased to announce
that it held its annual general and special meeting of shareholders (the
"Meeting") today, and the previously announced plan of arrangement (the
"Arrangement") involving Eaglewood, Transform Exploration Pty Ltd., EEI
Acquisition Ltd. and the shareholders of Eaglewood was approved by Eaglewood
shareholders holding 90% of the Eaglewood shares who voted on the Arrangement in
person or by proxy at the meeting. There were no dissenting shareholders.
Additionally, Eaglewood received the final approval of the Court of Queen's
Bench of Alberta of the Arrangement, and the closing of the Arrangement is
expected to occur on July 9, 2014. 


About Transform Exploration Pty Ltd.

Transform is a private, independent international oil and gas exploration
company focused on the Australasian and South-East Asian regions.


Forward-Looking Information

This news release contains forward-looking information that involves known and
unknown risks and uncertainties, most of which are beyond Transform's control,
including, without limitation, those listed under "Risk Factors" and
"Forward-Looking Statements" in Eaglewood's information circular distributed in
connection with the Arrangement. Forward-looking information in this news
release includes, but is not limited to, information concerning the anticipated
closing date of the Arrangement. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the forward-looking
information prove incorrect, actual results, performance or achievements could
vary materially from those expressed or implied by the forward-looking
information. Accordingly, undue reliance should not be placed on this
forward-looking information. This forward-looking information is made as of the
date of this release and, other than as required by applicable securities laws,
Transform does not assume any obligation to update or revise it to reflect new
events or circumstances. The forward-looking information contained in this news
release is expressly qualified by this cautionary statement.


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 RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eaglewood Energy Inc.
Brad Hurtubise
CEO
[phone]
[e-mail]


Eaglewood Energy Inc.
Ross Jones
Interim CFO
[phone]
[e-mail]