Forent Provides Update on Montgomery Drilling and Alton Exploration Licence and Closes Final Tranche of Equity Private Placem...

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Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) is pleased to
report that it has closed on the final tranche of its previously announced
non-brokered private placement. Proceeds of $106,000 from the issuance of
1,325,000 common shares at $0.08 per share were received. This closing, combined
with the closings on January 31, 2014, and December 31, 2013, provides aggregate
gross proceeds of $1,196,000 to the Company. 


The proceeds from the private placements will be used to fund crude oil
development expenditures on the recently acquired Twining property, battery
expansion plans on the Provost facility and administrative expenses of the
Corporation. The development program identified will qualify as renounceable
exploration expenses. The common shares issued pursuant to the private
placements have a four month hold period from the date of issue and remain
subject to the final approval of the TSX Venture Exchange.


The Company is also pleased to report that the licence for the next exploration
well in the Montgomery area has been approved by the Alberta energy regulator.
The well location has been jointly selected by Forent and the JV partner
targeting the Second White Specks formation in an area interpreted to be
naturally fractured from Forent's proprietary 3D seismic survey. Drilling
operations at the well are anticipated to begin on or before February 20, 2014. 


In addition, based on the Company's capital spending to date, Forent is pleased
to announce that it has met its capital work commitment requirements for the
Alton Exploration Licence over the licence period of April 2011 to April 2014.
Forent will submit to the Nova Scotia Department of Energy confirmation of the
capital spending and a new work commitment for the period April 2014 to April
2017. Forent has the option to hold the Alton Block until April 8, 2020.


Forent has approximately 188,643,215 common shares issued and outstanding which
trade on the TSX Venture Exchange under the symbol "FEN".


ADVISORY: Certain information in this news release, including the anticipated
closing of the Private Placement, the use of the proceeds to incur Canadian
Exploration Expenses, and the drilling of wells at the Company's Wayne, Twinning
and Montgomery properties, constitute forward-looking statements under
applicable securities laws. Although Forent believes that the expectations
reflected in these forward looking statements are reasonable, undue reliance
should not be placed on them because Forent 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 Forent is not able to
obtain the necessary stock exchange approval on the timeline it has planned. The
Private Placement will not be completed at all if this approval is 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 forward-looking statements contained in this news release
are made as at the date of this news release and the Corporation does not
undertake any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.


NEITHER THE 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: 
Forent Energy Ltd.
Richard Wade
President & CEO
[e-mail]
[phone] #211


Forent Energy Ltd.
Brad R. Perry
CFO
[e-mail]
[phone] #208
www.forentenergy.com