Sundance Energy Enters Into A Joint Venture and Proposed Business Combination With Birch Lake Energy

Sundance Energy Corporation ("Sundance") (TSX VENTURE:SNY) (OTCQX:SNYXF)
announced today that it has entered into a binding letter agreement (the "Letter
Agreement") with respect to a joint venture and proposed business combination
with Birch Lake Energy Inc. ("Birch Lake") (TSXV: BLK). Pursuant to the Letter
Agreement, Birch Lake has granted to Sundance a right to earn up to 50% of Birch
Lake's working interest in its Lochend assets, being the non-operated working
interest of 38.90% in certain petroleum and natural gas rights underlying 7,840
gross acres in the Lochend-Bearspaw area of Alberta (the "Lochend Assets").


In order to earn the working interest, Sundance must pay to Birch Lake an
aggregate amount of $7,710,000 (the "Total Payment"), with the initial payment
of $1,340,000 due by March 29, 2013. The subsequent payments will be paid upon
Birch Lake receiving the authorizations for expenditure from the operator of the
Lochend Assets, in accordance with the governing CAPL Operating Procedure.
Sundance will earn the proportionate interest in the Lochend Assets upon payment
of each installment to Birch Lake, such that upon payment of the Total Payment,
Sundance will hold 50% of Birch Lake's interest in the Lochend Assets.


In addition, upon payment of the Total Payment by Sundance, Birch Lake and
Sundance will pursue the closing of a business combination, such that the
shareholders of each of Birch Lake and Sundance would own 50% of the resulting
issuer. Completion of the business combination is subject to receipt of all
required approvals, including regulatory approval (including approval of the TSX
Venture Exchange) and shareholder approval.


In connection with the Letter Agreement, Sundance has agreed to pay a finder's
fee of $25,000 to an arm's length third party upon payment of the Total Payment
by Sundance.


The focus of exploration efforts on the Lochend Assets is on the Cardium
formation. An initial well was drilled on the Lochend Assets by the operator and
is on production. The initial well is more than 6 miles along trend from the
nearest Cardium production. According to Birch Lake, the initial well is a
geological success as it encountered a porous oil productive Cardium sand at the
southern extent of the Lochend Assets and as a result has confirmed the Cardium
potential over the majority of the Lochend Assets and has significantly
de-risked future drilling of these lands.


Alexander, Central Alberta Update

Sundance further announces that its recently drilled Alexander 16A-11 well is
currently standing cased and will remain shut in pending further well log
analysis and additional re-processing of the 16 square mile 3D seismic program.
To date, only the Detrital formation has been perforated, but has not been
fraced. Pending the re-evaluation of the well and seismic, Sundance and its area
partner will determine the potential commerciality of undertaking further
completions on the Detrital formation and/or completing the Alexander formation
in the 16A-11 well. Utilizing the information obtained from the original
Alexander 16-11 well and the Alexander 16A-11 well, and the reprocessed 3D
seismic data, numerous additional drilling locations have been identified on
Sundance's 50% owned 27 contiguous section Alexander Permit. In addition to the
Detrital and Alexander formations, Sundance and its area partner are evaluating
the potential for commercial production in the Basal Quartz, Ostracod and
Wabamun formations on the Alexander Permit.


Forward Looking Statements

This press release contains certain statements which constitute forward-looking
statements or information ("forward-looking statements"), including statements
regarding Birch Lake's business, Sundance's business and the proposed business
combination. Such forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond Birch Lake's and Sundance's control,
including the ability of Birch Lake and Sundance to satisfy the conditions to
completion of the proposed business combination, the impact of general economic
conditions, industry conditions, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, operational
risks in exploration and development, competition from other industry
participants, the lack of availability of qualified personnel or management,
stock market volatility and the ability to access sufficient capital from
internal and external sources. Although Birch Lake and Sundance believe that the
expectations in their respective forward-looking statements are reasonable, they
are based on factors and assumptions concerning future events which may prove to
be inaccurate. Those factors and assumptions are based upon currently available
information. Such statements are subject to known and unknown risks,
uncertainties and other factors that could influence actual results or events
and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward looking information. As such, readers are
cautioned not to place undue reliance on the forward looking information, as no
assurance can be provided as to future results, levels of activity or
achievements. The forward-looking statements contained in this document are made
as of the date of this document and, except as required by applicable law, Birch
Lake and Sundance do not undertake any obligation to publicly update or to
revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this cautionary statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sundance Energy Corporation
Jeffrey Standen
President and Chief Executive Officer
[phone]