Hyperion Exploration Corp. Announces Renewal of Bank Facilities

Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX)
announces, as a result of the schedule lending review with its credit provider,
the lending limits of its existing banking facilities remain unchanged at $50.0
million. The Company's revolving operating facility remains at a borrowing limit
of $40.0 million and an acquisition/development facility remains at a borrowing
limit of $10.0 million. Security for these facilities will continue to be
provided by way of a charge over the petroleum and natural gas assets of the
Company. The facilities are subject for review on or before June 1, 2013.


About Hyperion

Hyperion is a publically traded, junior light oil and gas company with a
strategy of growing through acquisitions which lead to lower risk, scalable and
repeatable development drilling projects. Hyperion's core Alberta operations are
in the Niton/McLeod, Garrington, North Pembina, Buck Lake, and Chip Lake areas.
The common shares of the Company trade on the TSX Venture Exchange under the
trading symbol "HYX".


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hyperion Exploration Corp.
Trevor Spagrud
President and CEO
[phone]
[e-mail]


Hyperion Exploration Corp.
Doug Bailey
CFO
[phone]
[e-mail]


Hyperion Exploration Corp.
Suite 2010, Calgary Place II
355 - 4th Avenue SW
Calgary, Alberta T2P 0J1