Rooster Energy Ltd. Announces Completion of Subordinated Secured Credit Facility

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UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW. 


Rooster Energy Ltd. ("Rooster" or the "Company") (TSX VENTURE:COQ) -Rooster
announced today that effective October 11, 2013, it entered into a secured
Credit Facility which provides for borrowing up to CDN $8 Million, to be used
for general corporate purposes. The initial advance under the Credit Facility is
CDN $4 Million (less a 2% original issue discount). The Credit Facility is fully
subordinated to an existing secured term loan in the principal amount of US
$22.5 million that Rooster entered into as of October 22, 2012 and which matures
on October 22, 2014.


The interest rate is 9% on all advances under the Credit Facility and the
maturity date is 180 days after the full satisfaction of the terms of the
existing $22.5 million loan. The Credit Facility is secured only by certain oil
and gas properties owned by Probe Resources US Ltd., a wholly owned subsidiary
of Rooster, and Rooster is the guarantor of any indebtedness owed under the
Credit Facility.


The K2 Principal Fund L.P. serves as "Administrative Agent" under the Credit
Facility. K2 is also a participating lender in the Credit Facility along with
Chester F. Morrison, Jr. Both K2 and Mr. Morrison are related parties to Rooster
with Mr. Morrison serving as Chairman of the Board of Directors. None of the
participants in the Credit Facility is a chartered bank, trust company or
treasury bank.


ABOUT ROOSTER ENERGY LTD.

The Company is an independent oil and natural gas exploration and production
company based in Houston, Texas that is focused on the development of resources
in the shallow waters of the U.S. Gulf of Mexico. At June 30, 2013, our primary
assets consist of interests in 17 producing oil and/or natural gas wells and
interest in 19 federal leases or blocks. The Company is the operator of the
majority of its properties and daily oil and gas production.


Investors are welcome to visit our website at www.roosterenergyltd.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 
For all corporate updates and investor inquiries:
Gary L. Nuschler, Jr.
Rooster Petroleum, LLC
Vice President - Finance
[phone]


Rooster Petroleum, LLC
16285 Park Ten Place
Houston, Texas, USA 77084
www.roosterenergyltd.com