Shona Energy Company, Inc. Announces Successful Confirmation Well

Shona Energy Company, Inc. ("Shona") (TSX VENTURE:SHO) through its wholly-owned
subsidiary, Geoproduction Oil & Gas Company ("Geoproduction") of Colombia, is
pleased to announce the successful completion and testing of Nelson-3, a
confirmation well to its discovery well, Nelson-2, located within the Esperanza
concession in the Lower Magdalena Basin of Colombia. This concession is retained
and operated 100% by Geoproduction. 


Nelson-3 has an estimated 120 feet of net pay in the main Cienaga de Oro
formation and 21 feet of net pay in a deeper Cienaga de Oro sand. A total of 94
net feet in the main Cienaga de Oro formation was perforated and tested at a
rate of 11,600 MCFPD with 2573 psi flowing tubing pressure on a 28/64" choke.
The Nelson-3 is a southwest offset to the Nelson-2 discovery well, and its
results confirm Shona's geological interpretation of the sizeable Nelson natural
gas discovery. The drilling rig is being moved to Nelson-4, which is a northeast
offset to the Nelson-2, and would be the third producing well in the Nelson
field upon its completion.


Additional testing of Nelson-2, which was completed in the upper 48 feet of the
main Cienaga de Oro, was recently conducted and produced at a rate of 8,500
MCFPD with a flowing tubing pressure of 2520 psi on a 36/64" choke. Total net
pay in Nelson-2 is 130 feet.


A 10 kilometer 6 inch pipeline has been installed from the Nelson field to
Geoproduction's 100% owned and operated Jobo Station, where gas is processed for
sales. Upon completion of the current construction works total processing
capacity of Jobo Station is expected to be 65 MMCFPD. Gas is currently sold into
the national gas transportation system. Additional gas sales from the Nelson
field are expected to commence on January 1, 2012 at rates up to 19 MMCFPD.


Peru Block 102 Update

The Boa 1X Prospect was spud on September 20, 2011. It is anticipated to reach
TD of 11,000 feet by October 31, 2011.


Cautionary Statements

Certain information included in this press release constitutes forward-looking
information under applicable securities legislation. Such forward-looking
information is provided for the purpose of providing information about
management's current expectations and plans relating to the future. Readers are
cautioned that reliance on such information may not be appropriate for other
purposes, such as making investment decisions. Forward-looking information
typically contains statements with words such as "anticipate", "believe",
"expect", "plan", "intend", "estimate", "propose", "project" or similar words
suggesting future outcomes or statements regarding an outlook. Forward-looking
information in this press release may include, but is not limited to,
information with respect to: operational decisions and the timing thereof,
expected rates of production from producing wells on Shona lands and future
drilling and exploration plans on the properties of Shona. Forward-looking
information is based on a number of factors and assumptions which have been used
to develop such information but which may prove to be incorrect. Although Shona
believes that the expectations reflected in such forward-looking information is
reasonable, undue reliance should not be placed on forward-looking information
because Shona can give no assurance that such expectations will prove to be
correct. In addition to other factors and assumptions which may be identified in
this press release, assumptions have been made regarding and are implicit in,
among other things: the ability of Shona to complete transactions described in
this press release and the timely receipt of any required regulatory and
shareholder approvals. Readers are cautioned that the foregoing list is not
exhaustive of all factors and assumptions which have been used. Shona undertakes
no obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change, unless required by law. The
reader is cautioned not to place undue reliance on this forward-looking
information.


The securities of Shona have not been and will not be registered under the
United States Securities Act of 1933, as amended and may not be offered or sold
in the United States absent registration or an applicable exemption from the
registration requirement. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful.