Pennant Announces Change of Auditor

Pennant Energy Inc. ("Pennant" or the "Company") (TSX VENTURE:PEN) announces
that Charlton & Company, Chartered Accountants (the "Former Auditor"), has
resigned as the Company's auditor at the request of the Company and, effective
January 15, 2013, it appointed Davidson & Company LLP, Chartered Accountants
(the "Successor Auditor"), as its auditor. 


There were no reservations in the Former Auditor's reports for the two most
recently-completed fiscal years or for any period subsequent to the most
recently-completed period for which an audit report was issued and preceding the
date of the Former Auditor's resignation. To the Company's knowledge there was
no "reportable event" (as that term is defined in section 4.11 of National
Instrument 51-102 Continuous Disclosure Obligations) between the Company and the
Former Auditor or the Successor Auditor. The resignation of the Former Auditor
as auditor of the Company has been approved by the Company's audit committee and
its board of directors. The Notice of Change of Auditor, together with the
letter from the Former Auditor and the letter from the Successor Auditor, have
been reviewed by the Company's audit committee and its board of directors. All
procedures have been properly followed under NI 51-102 regarding the change of
auditor and, as required, a Notice of Change of Auditor, together with the
required letters from the Former Auditor and the Successor Auditor, will be
filed on SEDAR.


About Pennant Energy

Pennant's core project is the Bigstone Project and is comprised of lands and
licenses covering a total of 5,120 acres (net 1,120 acres), in Township 60,
ranges 22 and 23W5 at Bigstone, Alberta. By completing the terms of a farm in
agreement with Donnybrook Energy Inc., Pennant earned 25 per cent of
Donnybrook's interest in the Bigstone lands and in any future operations within
an area of mutual interest.


PENNANT ENERGY INC.

Garth Braun, President & CEO    

FOR FURTHER INFORMATION PLEASE CONTACT: 
Pennant Energy Inc.
Doren Quinton
[phone]
[e-mail]
www.pennantenergy.com