Esrey Energy Ltd. Announces Acquisition of Additional Interest in Poland Baltic Basin and Change to the Board

Esrey Energy Ltd. ("Esrey" or the "Company") (TSX VENTURE:EEL) announces the
Company has entered into a binding agreement to add to its holdings in Poland's
Baltic Basin through the acquisition of additional interest in Saponis
Investments Sp. z o.o. ("Saponis"). The Company and BNK Petroleum Inc. have
agreed to acquire the interests of the other two Saponis shareholders on a
pro-rata basis. As of December 31, 2013 ("Effective Date"), Esrey will hold a
42.96 % interest in Saponis. 


"The acquisition of additional interest in the Baltic Basin is consistent with
our long-stated objective of maintaining optionality in our holdings in Poland,"
remarked David Nelson, President and CEO. "Esrey continues to monitor activity
by offset operators as they assess the commerciality of the play on their
respective acreage. The Company's future plans with regards to its holdings in
Saponis will depend on this activity, combined with our analysis of ongoing
changes to the regulatory environment in Poland. We look forward to continued
close cooperation with BNK Petroleum Inc. in the evaluation of the Saponis
acreage." 


In consideration for the acquisition, the Company and BNK Petroleum Inc. will
assume the future obligations of the selling shareholders in respect of the
concessions held by Saponis, on a pro-rata basis. 


The Company also announces the resignation of Mr. Mark Gustafson as director.
The board would like to thank Mr. Gustafson for his input and for sharing his
expertise through the Company's recent re-organization and would like to wish
him well in his future endeavors.


About Esrey

Esrey is a Canadian exploration and development company focused on developing
oil and gas properties in Papua New Guinea, Poland and Bulgaria. Esrey holds in
Papua New Guinea a 16.85% net interest in PPL 319 and a 84.25% interest in 3
additional PPLs in northern Papua New Guinea (which collectively cover
approximately 5.5 million gross acres) and a 20% net interest in PRL 13 (which
covers approximately 42,000 gross acres). Esrey has entered into a farm-in
agreement with subsidiaries of Heritage Oil PLC under which those subsidiaries
acquired an 80% interest in PPL 319 and PRL 13, subject to fulfillment of work
commitments under the farm-in agreement. As of the Effective Date of the cited
agreement, Esrey has a 42.96% net interest in approximately 734,000 gross acres
of prospective shales in Poland together with BNK Petroleum Inc. Esrey is
operator and has a 50% net interest in approximately 360,000 gross acres of
prospective shales in Poland together with San Leon Energy. Esrey has entered
into a farm-in agreement relating to 405,080 acres of prospective argillite
formation in Bulgaria with Direct Petroleum Bulgaria EOOD, a subsidiary of
TransAtlantic Petroleum Ltd. Esrey also holds a 100% working interest (80% net
revenue interest) in approximately 5,300 net mineral acres of oil and gas leases
in Daniels and Sheridan Counties located in north east Montana as well as a 100%
working interest (79% net revenue interest) in approximately 46,700 net acres of
oil and gas leases in Cascade County, in western Montana. Esrey shares trade on
the TSX Venture Exchange under the symbol "EEL".


Shares Outstanding: 28,819,375

ESREY ENERGY LTD.

David Nelson, President & CEO

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


Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking
information" as such term is used in applicable Canadian securities laws,
including information regarding the board change. Forward-looking information is
based on plans and estimates of management at the date the information is
provided and certain factors and assumptions of management. Forward looking
information is subject to a variety of risks and uncertainties and other factors
that could cause plans, estimates and actual results to vary materially from
those projected in such forward-looking information. Factors that could cause
the forward-looking information in this news release to change or to be
inaccurate include, but are not limited to, the risks related to unsatisfactory
results of due diligence, international operations and doing business in foreign
jurisdictions, risks associated with the oil and gas industry and exploratory
and development activities generally (e.g., operational risks in development,
exploration and production, delays or changes in plans with respect to
exploration or development projects or capital expenditures, risks associated
with equipment procurement and equipment failure), the risk of commodity price
and foreign exchange rate fluctuations, risks related to future royalty rate
changes, and risks and uncertainties associated with securing and maintaining
necessary regulatory approvals, and counterparty risk related to the stability
and viability of the Company's joint venture participants.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Esrey Energy Ltd.
Investor Relations
1-778-373-0103
[e-mail]
www.esreyenergy.com