Donnycreek Announces Bought Deal Equity Financing of $16.8 Million

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES
OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS


Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports
that it has engaged a syndicate of underwriters (the "Underwriters") led by RBC
Capital Markets in connection with a bought deal offering (the "Offering") of
8,000,000 common shares of the Company ("Common Shares") at a price of $2.10 per
Common Share (the "Offering Price"), resulting in gross proceeds of $16,800,000.



The net proceeds of the Offering will be used to advance the drilling program at
the Company's Kakwa and Wapiti properties, to fund future land acquisitions, if
any, and for general corporate purposes.


The Common Shares shall be offered publicly in all provinces of Canada other
than Quebec by way of short form prospectus and pursuant to exemptions from
registration requirements in the United States under Rule 144A or in such other
manner as to not require registration under the U.S. Securities Act of 1933, as
amended.


It is currently anticipated that the closing of the Offering will occur on or
about July 23, 2013. The Offering is subject to certain customary conditions,
including but not limited to, receipt of all necessary approvals, including the
approval of the TSX Venture Exchange. 


Donnycreek is a Calgary based public oil and gas company which holds 326 gross
(229 net) sections of petroleum and natural gas rights, with an average working
interest of approximately 70%, prospective primarily for Montney liquid rich
natural gas resource development in its 3 core areas: Kakwa, Wapiti and Chicken,
all of which are located in the Deep Basin area of west central Alberta.


Further information relating to Donnycreek is also available on its website at
www.donnycreekenergy.com.


ON BEHALF OF THE BOARD OF DONNYCREEK ENERGY INC. 

Malcolm F.W. Todd President and Chief Executive Officer   

ADVISORY ON FORWARD-LOOKING STATEMENTS: This news release contains certain
forward-looking information and statements ("forward-looking 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 statements. In particular, but without limiting the foregoing,
this press release contains statements concerning the closing of the Offering
and the use of proceeds of the Offering.


Forward-looking statements are based on a number of material factors,
expectations or assumptions of Donnycreek which have been used to develop such
statements and information but which may prove to be incorrect. Although
Donnycreek believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them because
Donnycreek 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. Further, events or
circumstances may cause actual results to differ materially from those predicted
as a result of numerous known and unknown risks, uncertainties, and other
factors, many of which are beyond the control of the Company, including, without
limitation: changes in commodity prices; changes in the demand for or supply of
the Company's products; unanticipated operating results or production declines;
changes in tax or environmental laws, royalty rates or other regulatory matters;
changes in development plans of Donnycreek or by third party operators of
Donnycreek's properties, increased debt levels or debt service requirements;
inaccurate estimation of Donnycreek's oil and gas reserve and resource volumes;
limited, unfavourable or a lack of access to capital markets; increased costs; a
lack of adequate insurance coverage; the impact of competitors; and certain
other risks detailed from time-to-time in Donnycreek's public disclosure
documents. Additional information regarding some of these risks, expectations,
assumptions and other factors may be found in the Company's Revised Annual
Information Form and Management's Discussion and Analysis prepared for the year
ended July 31, 2012. The reader is cautioned not to place undue reliance on
these forward-looking statements. The forward-looking statements contained in
this news release are made as of the date hereof and Donnycreek undertakes no
obligations to update publicly or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, unless so required
by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Donnycreek Energy Inc.
Malcolm Todd
President and Chief Executive Officer
[phone]
[phone] (FAX)
www.donnycreekenergy.com