Shoal Point Energy Corp. (CNSX:SHP)(OTCQX:SHPNF) today announced the closing of
the first tranche of the company's previously announced (Sept. 24, 2013)
non-brokered Private Placement. The company placed 41,717,840 units for gross
proceeds of $2,085,892.


Of this total, 38,717,840 non flow-thru units were placed for gross proceeds of
$1,935,892. Each unit consisted of one share and one share purchase warrant.
Each full warrant is exercisable at a strike price of $0.06 with an expiry on
the second anniversary of the date of closing of the transaction. These proceeds
will be used for general working capital. 


In addition, 3,000,000 flow-thru units were placed at a price of $0.05 per unit
for gross proceeds of $150,000.00. Each unit consisted of one flow-thru share
and one-half of a share purchase warrant. Each full warrant is exercisable at a
strike price of $0.06 with an expiry on the second anniversary of the date of
closing of the transaction. Proceeds of the flow-thru private placement will be
used for Qualifying Canadian Exploration Expenses.


The private placement is subject to regulatory acceptance and approval.

On behalf of the Board of Directors,

Mark Jarvis, CEO

Shoal Point Energy Corp.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Shoal Point Energy Corp.
Lindsay MacLeod
416-637-2181 ext. 316
info@shoalpointenergy.com
www.shoalpointenergy.com
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