Peyto Exploration & Development Corp. Confirms Dividends for July 15, 2014

Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto") confirms that the
monthly dividend with respect to June 2014 of $0.10 per common share is to be
paid on July 15, 2014, for shareholders of record on June 30, 2014. The
ex-dividend date is June 26, 2014.


Dividends paid by Peyto to Canadian residents are eligible dividends for
Canadian income tax purposes.


Shareholders and interested investors are encouraged to visit the Peyto website
at www.peyto.com to learn more about what makes Peyto one of North America's
most exciting energy companies. For further information please contact:


Certain information set forth in this document, including management's
assessment of Peyto's future plans and operations, contains forward-looking
statements. By their nature, forward-looking statements are subject to numerous
risks and uncertainties, some of which are beyond these parties' control,
including the impact of general economic conditions, industry conditions,
volatility of commodity prices, currency fluctuations, imprecision of reserve
estimates, environmental risks, competition from other industry participants,
the lack of availability of qualified personnel or management, stock market
volatility and ability to access sufficient capital from internal and external
sources. Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. Peyto's actual results, performance or achievement
could differ materially from those expressed in, or implied by, these
forward-looking statements and, accordingly, no assurance can be given that any
of the events anticipated by the forward-looking statements will transpire or
occur, or if any of them do so, what benefits that Peyto will derive therefrom.
The Toronto Stock Exchange has neither approved nor disapproved the information
contained herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Peyto Exploration & Development Corp.
Darren Gee
President and Chief Executive Officer
[phone]
[phone] (FAX)