Contact Exploration Announces Private Placement of Flow-Through Common Shares

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX)
announces that it is carrying out a non-brokered private placement (the "Private
Placement") of common shares in the capital of the Company, to be issued on a
"flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through
Shares"). Contact expects to issue up to 5,555,556 Flow-Through Shares in the
Private Placement, at a price of $0.36 per share, for maximum aggregate gross
proceeds of $2,000,000.16.


Contact expects to use the proceeds of the Private Placement to incur eligible
Canadian Exploration Expenses to fund its ongoing capital programs prior to
December 31, 2014. These qualifying Canadian Exploration Expense expenditures
will be renounced to subscribers effective December 31, 2013.


The Flow-Through Shares to be issued pursuant to the Private Placement will be
subject to a four-month hold period from the closing date.


The Private Placement is subject to approval from the TSX Venture Exchange.

About Contact Exploration Inc.

Contact Exploration Inc. is a public oil and gas company which has a long-term
history of operating in Atlantic Canada and has recently demonstrated success in
Alberta's liquids-rich Montney Formation tight gas play. For more information,
please see the Company's website: www.contactexp.com.


ADVISORY ON FORWARD-LOOKING STATEMENTS: This press release contains certain
forward-looking information and statements within the meaning of applicable
securities laws. The use of any of the words "expect", "anticipate", "continue",
"estimate", "may", "will", "project", "should", "believe", "plans", "intends"
and similar expressions are intended to identify forward-looking information or
statements. In particular, but without limiting the forgoing, this press release
contains statements concerning the anticipated closing of the Private Placement
and the anticipated use of the proceeds of the Private Placement. 


Forward-looking statements or information are based on a number of material
factors, expectations or assumptions of Contact which have been used to develop
such statements and information but which may prove to be incorrect. Although
Contact believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them because
Contact can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The closing of the Private
Placement could be delayed if Contact is not able to obtain the necessary
regulatory and stock exchange approvals on the timelines it has planned. The
Private Placement will not be completed at all if these approvals are not
obtained or some other condition to the closing is not satisfied. Accordingly,
there is a risk that the Private Placement will not be completed within the
anticipated time or at all. The intended use of the proceeds of the Private
Placement by Contact might change if the board of directors of the Company
determines that it would be in the best interests of Contact to deploy the
proceeds for some other Canadian Exploration Expense expenditures. 


The forward-looking statements contained in this press release are made as of
the date hereof and Contact undertakes no obligations to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by 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: 
Contact Exploration Inc.
Steve Harding
President and CEO
[phone]
[phone] (FAX)
[e-mail]
www.contactexp.com