Zodiac Exploration Announces Annual and Special Meeting of Shareholders

Zodiac Exploration Inc. ("Zodiac" or the "Company") (TSX VENTURE:ZEX) announces
that, at the annual and special meeting of shareholders of the Company
("Shareholders") to be held on April 23, 2014 (the "Meeting"), the following
matters will be presented to Shareholders: 




(i)     the audited financial statements of the Company for the year ended  
        September 30, 2013, and the report of the auditors thereon;         
(ii)    the fixing of the directors of the Company at six (6);              
(iii)   election of the directors of the Company;                           
(iv)    appointment of the auditors of the Company;                         
(v)     approval of the Company's rolling 10% stock option plan;            
(vi)    approval of the consolidation of issued and outstanding common      
        shares the "Common Shares") of the Company (the "Consolidation"), as
        further described below;                                            
(vii)   the approval of a change of name of the Company to "Mobius Resources
        Inc." or such other name that the board of directors of the Company 
        (the "Board") may approve; and                                      
(viii)  approval of by-law no. 2, which incorporates the Company's advance  
        notice provisions.                                                  



Election of Directors

A new slate of directors is being proposed for election to the board of
directors of Zodiac. In addition to existing directors Messrs. Robert Cross, Lee
A. Pettigrew and John Newman, Zodiac is proposing the following nominees:


Mr. Doug Manner; currently CEO & Director of Sintana Energy Corporation with
extensive oil & gas experience, including Vice President and Chief Operating
Officer of Gulf Canada Resources. 


Mr. Jason Bednar; currently an independent businessman who has been Chief
Financial Officer for a number of energy companies including MENA Hydrocarbons,
Sagres Energy Inc. and Pan Orient Energy Corp.


Mr. Ian Macqueen, P.Geol.; currently serves as an equity analyst at Paradigm
Capital and has held equity analyst positions at Orion Securities, Macquarie
Capital Markets Canada and CIBC World Markets.


Name Change

At the Meeting, Shareholders will be asked to consider and, if deemed
appropriate, approve a special resolution to change the name of the Company to
"Mobius Resources Inc." or such other name that the Board may approve (the "Name
Change"). If approved by the Shareholders and the TSX Venture Exchange ("TSXV"),
the Name Change is expected to occur as soon as practicable after the Meeting. 


Consolidation

The Consolidation is on the basis of up to 15 pre-consolidated shares for each
post-consolidation share, or such lesser ratio that the Board, in their sole
discretion, may determine to be appropriate. The Consolidation would result in
the 432,057,559 pre-Consolidation Common Shares that are currently outstanding
being reduced to approximately 28,803,837 post-Consolidation Common Shares,
subject to rounding related to fractional shares.


The Company believes that a future Consolidation may enhance the marketability
of the Common Shares as an investment and may facilitate future financings, as
the Company is subject to the TSXV minimum pricing rules for financings. The
Consolidation is subject to shareholder approval at the upcoming Meeting and to
TSXV acceptance.


About Zodiac 

Zodiac is a well financed Oil & Gas Exploration company with headquarters in
Calgary, Alberta and offices in Bakersfield, California. Zodiac's core assets
are located in California's San Joaquin Basin, where Zodiac holds approximately
72,000 net acres of land in the prolific Monterey/Kreyenhagen Oil Shale
formations and in Alberta and Montana, where the company holds 55,000 net acres.


Forward Looking Information

This news release contains certain forward-looking statements relating, but not
limited, to the Consolidation, the Name Change, the marketability of Common
Shares post-Consolidation and the ability to secure financings. Forward-looking
information typically contains statements with words such as "anticipate",
"believe", "expect", "plan", "intend", "estimate", "propose", "project", or
similar words suggesting future outcomes. The Company cautions readers and
prospective investors in the Company's securities not to place undue reliance on
forward-looking information as, by its nature, it is based on current
expectations regarding future events that involve a number of assumptions,
inherent risks and uncertainties, which could cause actual results to differ
materially from those anticipated by the Company. Forward-looking information is
based on management's current expectations and assumptions regarding the
Consolidation, the Name Change, the marketability of Common Shares
post-Consolidation, the Consolidation's facilitation of a financing, and the
Company's ability to secure a future financing. Although the Company believes
the expectations and assumptions reflected in such forward-looking information
are reasonable, they may prove to be incorrect.


Forward-looking information involves significant known and unknown risks and
uncertainties. A number of factors could cause actual results to differ
materially from those anticipated by the Company, including but not limited to
risks associated with uncertainty regarding shareholder approval of the
Consolidation, the Name Change, the marketability of Common Shares
post-Consolidation and the ability to secure financings. The forward-looking
information included herein is expressly qualified in its entirety by this
cautionary statement. The forward-looking information included herein is made as
of the date hereof and the Company assumes no obligation to update or revise any
forward-looking information to reflect new events or circumstances, except as
required by law.


Neither the TSXV nor its Regulation Services Provider (as defined in the
policies of the TSXV) accepts responsibility for the adequacy or accuracy of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Zodiac Exploration Inc.
Lee A. Pettigrew
President & CEO
[phone]


Zodiac Exploration Inc.
John Newman
Chief Financial Officer
[phone]