Stetson Litigation Update: Appeal by Stifel Nicolaus Canada Scheduled to Be Heard in March 2014

Stetson Oil & Gas Ltd. (TSX VENTURE:SSN), a Forbes & Manhattan Energy Group
Company, has received notice from the Court of Appeal for Ontario that the
appeal by Stifel Nicolaus Canada Inc. (formerly Thomas Weisel Partners Canada
Inc.) is scheduled to be heard on March 6, 2014. Stifel Nicolaus is appealing
the judgment of the Ontario Superior Court of Justice (Commercial List)
delivered on March 1, 2013 ordering it to pay Stetson damages for breach of
contract of $16,042,669, plus an additional judgment delivered on August 12,
2013 awarding Stetson interest and costs of $4,018,387.55. The judgments were in
relation to the failed 2008 bought deal financing. 


Stetson, along with its legal advisors, has fought hard over the past four years
to ensure a fair outcome to the litigation. The Company has undertaken all
reasonable efforts to expedite the process and will continue to aggressively
defend the appeal by Stifel Nicolaus and Stetson will provide updates in due
course. 


Regulatory Statements 

This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, without limitation, statements regarding the appeal by Stifel Nicolaus
and the defense by Stetson. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Stetson, as the case may be, to be
materially different from those expressed or implied by such forward-looking
information, including but not limited to: general business, economic,
competitive, geopolitical and social uncertainties; the actual results of
current exploration activities; risks associated with operation in foreign
jurisdictions; ability to successfully integrate acquired properties; foreign
operations risks; and other risks inherent in the oil and gas industry. Although
Stetson has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking information. Stetson
does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.


NEITHER 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: 
Stetson Oil & Gas Ltd.
Ahmed Said
Chief Executive Officer
[phone]
[e-mail]