Petroforte International Ltd. Provides Update on Operational and Other Matters

Petroforte International Ltd. ("Petroforte" or the "Corporation") (TSX
VENTURE:PFI) is pleased to provide the following updates on operations and other
matters.


Flood, Alberta 

In January of 2014, two wells were drilled at the Corporation's Flood property,
where the Corporation holds a 100% working interest. 


The 1-7-85-24W5 well was drilled as a water disposal well. The 1-7 well drilling
costs of approximately $475,000 were below budget expectations. Completion of
the well is currently underway and an application for the well to be approved as
a water disposal well will be submitted to the Alberta Energy Regulator (the
"AER"). 


A vertical potential Montney oilwell was drilled at 5-8-85-24W5. The 5-8 well
drilling costs of $500,000 were below budget expectations. 


If the AER approves the application for the 1-7 well to be used as a water
disposal well, the 5-8 well will be placed on production and three other
currently shut-in Montney oilwells on the Flood property will be reactivated. 


The existing battery is being upgraded to include an injection pump and recycle
pump for the water disposal system. The existing and related tank farm is also
being modified to treat the oil/water emulsion and dispose of excess water.


The Corporation expects to drill two more vertical Montney oilwells by the end
of Q2, 2014 at the Flood property. 


Brazeau River, Alberta

The Cardium Formation in the 2-5-48-14W5 well at the Corporation's Brazeau River
property, where the Corporation holds a 100% working interest, was perforated
and fracture stimulated in January of 2014. The well commenced oil production on
February 5, 2014. Initial field production rates averaged 75 BOE per day during
its first four production days. Given the limited production to date at the 2-5
well, the initial four day average production rate is not necessarily indicative
of long-term performance or ultimate recovery. 


The 2-5 well is the second successful Cardium recompletion well the Corporation
has at Brazeau River. 


The Brazeau River 9-5 well, which was placed on production on October 19, 2013,
is currently producing at an average of approximately 170 BOE per day over the
last 30 production days. 


Petroforte acquired a 100% working interest in the SE quarter of Section
13-48-16W5 for Belly River oil potential on December 18, 2013 from the Alberta
Government's land sale process for $78,000. The rights acquired are from surface
to base Cardium. 


Wapiti, Alberta

Drilling commenced on a farm-in well at 9-21-67-8W6 on January 29, 2014. Rimfire
Energy Inc. granted Petroforte a one month extension to spud the well due to rig
availability issues. 


The 9-21 well has reached the beginning of the horizontal leg in the Cardium
Formation and casing has been set. 


The 1,400 meters horizontal section of the well is being drilled and on February
12, 2014 the well penetrated a minimum of 400 meters. Pursuant to the farm-in
agreement with Rimfire, the effect of this event is that Petroforte has earned a
70% working interest in the well and a 70% working interest in the northern half
of Section 21 (where two other potential Cardium wells may be drilled) and an
additional one and a quarter section of undeveloped land in the Wapiti area. 


Effect on Reserves

The Corporation has not received sufficient information to allow it reach a
conclusion regarding the effect of these developments on its reserves. It will
report on reserve additions as part of its annual reserves disclosure later this
year.


December Production 

During the month of December 2013, the Corporation realized average daily sales
volumes of approximately 430 BOE per day, comprised of 60% natural gas and 40%
oil and natural gas liquids.


Private Placement Update

On January 14, 2014 Petroforte closed the second tranche of its private
placement offering previously announced on December 12, 2013 and issued
1,875,000 equity units for gross consideration of $375,000, each unit consisting
of one common share of the Corporation and one half of a common share purchase
warrant. Each whole warrant entitles the holder to purchase one common share for
$0.40 per share for a period commencing on the date of issuance and ending on
March 31, 2016.


The Corporation wishes to clarify that on December 23, 2013 it issued 16,000,000
units for gross consideration of $3,200,000 rather than 17,875,000 units for
gross consideration of $3,575,000 as indicated in its press release dated
December 30, 2013. Together with the first tranche, the Corporation has issued a
total of 17,875,000 units under the offering announced in December for gross
consideration of $3,575,000. 


Closing of the offering has received conditional approval by the TSXV and is
still subject to final approval by the TSXV. All securities issued in connection
with the Offering are subject to a four-month hold period.


Management Update

Harry Knutson resigned as a director and officer of the Corporation on February
13, 2014. Effective immediately he will join the Corporation as Manager,
Business Development and will take responsibility for developing and
implementing acquisition transactions that will contribute to the Corporation's
ongoing growth.


About Petroforte

Petroforte is a junior oil and gas company headquartered in Calgary, Alberta
engaged in the exploration, development and production of hydrocarbons in
Alberta.


Forward Looking Statements

Certain information in this press release constitutes forward-looking statements
under applicable securities law. Any statements that are contained in this press
release that are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often identified by
terms such as "may", "should", "anticipate", "expects", "estimates", "seeks" and
similar expressions.


Forward-looking statements necessarily involve known and unknown risks,
including, without limitation, risks associated with oil and gas exploration,
development, exploitation, production, marketing and transportation, loss of
markets, volatility of commodity prices, currency fluctuations, imprecision of
reserve estimates, environmental risks, competition from other producers,
inability to retain drilling rigs and other services, failure to realize the
anticipated benefits of acquisitions, delays resulting from or inability to
obtain required regulatory approvals, changes in legislation including but not
limited to income tax, environmental laws and regulatory matters, and ability to
access sufficient capital from internal and external sources. Readers are
cautioned that the foregoing list of factors is not exhaustive. 


Readers are cautioned not to place undue reliance on forward-looking statements
as there can be no assurance that the plans, intentions or expectations upon
which they are placed will occur. Such information, although considered
reasonable by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated. Forward-looking
statements contained in this press release are expressly qualified by this
cautionary statement.


Additional information on these and other factors that could affect Petroforte's
operations or financial results are included in Petroforte's reports on file
with Canadian securities regulatory authorities and may be accessed through the
SEDAR website (www.sedar.com.) or by contacting Petroforte. 


The forward looking statements contained in this news release are made as of the
date of this news release, and Petroforte does not undertake any obligation to
update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
expressly required by securities law.


Conversion 

Barrel of oil equivalents (BOE) may be misleading, particularly if used in
isolation. A BOE conversion ratio of 6 Mcf:1 bbl is based on an energy
equivalent conversion method primarily applicable at the burner tip and does not
represent a value equivalent at the wellhead.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Petroforte International Ltd.
Kevin Adair
Director
[phone]


Petroforte International Ltd.
Allan King
President, CEO & Director
[phone]