Pennant Energy Provides Operational Update

Pennant Energy Inc. ("Pennant" or the "Company") (TSX VENTURE:PEN) is pleased to
provide an update on its Mantario oil project.


Pennant has completed its first Mantario Success Well at A15-6-26-24W3 (the
"A15-6 Well"). The A15-6 Well encountered approximately 20 metres of oil bearing
sands in the Success Formation. The A15-6 Well has been cased, perforated and
was put into production on November 8, 2013. The A15-6 Well will produce for
approximately 15 days prior to releasing results. Pennant has a 30% working
interest in the A15-6 Well.


About Pennant Energy

Pennant Energy Inc. is a Western Canadian based company that explores, develops
and produces oil and natural gas in Western Canada. Pennant trades on the TSX
Venture Exchange under the symbol PEN.


PENNANT ENERGY INC. 

Garth Braun, President & CEO       

Disclaimer for Forward-Looking Information 

This press release contains forward-looking information that involves various
risks and uncertainties regarding future events related to the amount of
production from the A15-6 Well. Such statements are subject to risks and
uncertainties that may cause actual results, performance or developments to
differ materially from those contained in the statements and are not guarantees
of future performance of the Company. No assurance can be given that any of the
events anticipated by the forward-looking statements will occur or, if they do
occur, what benefits the Company will obtain from them. These forward-looking
statements reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be incorrect. A
number of risks and uncertainties could cause our actual results to differ
materially from those expressed or implied by the forward-looking statements,
including: (1) the inherent uncertainties and speculative nature associated with
oil and gas exploration and production, (2) any number of events or causes which
may delay or cease exploration and production of the Company's property
interests, including the A15-6 Well, such as environmental liabilities, weather,
mechanical failures, safety concerns and labour problems, (3) the risk that the
Company does not execute its business plan, (4) inability to retain key
employees, (5) inability to finance operations and growth, and (6) other factors
beyond the Company's control. These forward-looking statements are made as of
the date of this news release and, except as required by law, the Company
assumes no obligation to update these forward-looking statements, or to update
the reasons why actual results differed from those projected in the
forward-looking statements


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.


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