Doxa Energy Adjusts Terms of Warrants

Doxa Energy Ltd. (TSX VENTURE:DXA)(OTCQX:DXAEF)(FRANKFURT:5D0) ("Doxa" or the
"Company") reports that it has extended the expiry date and/or reduced the
exercise price on all of its issued and outstanding share purchase warrants. In
order to implement these amendments, the TSX Venture Exchange first required
that Doxa Energy receive written consent from 100% of warrantholders and that it
also implement a forced exercise provision to the terms and conditions of all
affected warrants. The amended warrants, including all changes to their terms
and conditions are outlined below.




--  All Doxa share purchase warrants issued on May 18, 2010, expiring May
    18, 2013 have had their exercise price per share reduced from $0.75 to
    $0.30. The expiry date of May 18, 2013 remains unchanged. In the event
    that the closing price of Doxa Energy's shares is $0.375 or higher for
    ten consecutive trading days, the holders of the May 18, 2010 warrants
    will thereafter have 30 days in which to exercise their warrants or they
    will otherwise expire.

--  All Doxa share purchase warrants issued on November 23, 2010, expiring
    November 23, 2012, will now expire on November 23, 2013. The exercise
    price per share of the November 23, 2010 warrants has been reduced from
    $0.55 to $0.30. In the event that the closing price of Doxa Energy's
    shares is $0.375 or higher for ten consecutive trading days, the holders
    of the November 23, 2010 warrants will thereafter have 30 days in which
    to exercise their warrants or they will otherwise expire. 

--  All Doxa share purchase warrants issued on both June 30, 2011 and on
    July 6, 2011, expiring on June 30, 2014 and July 6, 2014 respectively
    have had their exercise price per share reduced from $0.475 to $0.30.
    The expiry dates of the June 30, 2014 and on July 6, 2014 warrants
    remain unchanged. In the event that the closing price of Doxa Energy's
    shares is $0.375 or higher for ten consecutive trading days, the holders
    of the June 30, 2011 warrants and the July 6, 2011 warrants will
    thereafter have 30 days in which to exercise their warrants or they will
    otherwise expire.



The Company will be immediately issuing a news release in the event that any of
the aforementioned forced exercise mechanisms are implemented. 


Doxa Energy wishes to express its appreciation to all warrantholders for
supporting these amendments. 


About Doxa Energy Ltd.

Doxa Energy Ltd. develops and maintains a portfolio of producing and developing
conventional and unconventional assets, including the Mississippian Lime Play of
northern Oklahoma and the Eagle Ford Shale Oil Play in south Texas.


John D. Harvison, President, Chief Executive Officer

Statements in this press release other than purely historical information,
including statements relating to the Company's future plans, objectives or
expected results, constitute forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to the risks and
uncertainties inherent in the Company's business, including risks inherent in
oil and gas exploration and development, and uncertainties in connection with
anticipated commodity prices for oil and natural gas, growth of worldwide market
demand, exploration capital requirements, length of asset life and availability
of qualified personnel, among others As a result, actual results may vary
materially from those described in the forward-looking statements.


This news release does not constitute an offer to sell or the solicitation of an
offer to buy any securities of the Company in the United States. The securities
of Doxa have not been registered under the U.S. Securities Act of 1933, as
amended, or any state securities laws, and may not be offered or sold in the
United States or to or for the account or benefit of a U.S. person unless so
registered or pursuant to an available exemption from the registration
requirements of such Act or laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Doxa Energy Ltd.
Paul McKenzie
604.662.3692
604.662.3231 (FAX)
[e-mail]
www.doxaenergy.com