BOR Border Petroleum Limited

Border Petroleum Limited ("Border" or the "Corporation") (TSX
VENTURE:BOR)announces the conclusion of the formal strategic alternatives
process announced in April 2013, the termination of the special committee, and
the termination of the advisors on mutually agreeable terms. The strategic
review process was to identify, examine and consider a range of strategic
alternatives available to the Corporation, with a view to maximizing shareholder
value. The Corporation has completed one asset sale and a second asset sale has
been announced and remains subject to closing conditions. Management is hopeful
that an escrow closing of the second asset sale will occur during the next 2
weeks, with final closing to occur after well licence transfers have been
approved by the Alberta Energy Regulator. Upon the successful closing of the
second asset sale, Border will have a positive working capital balance of
approximately $4.1 million. 


Border also announces that Steve Thompson, Chief Operating Officer is no longer
with the Corporation as Chief Operating Officer on a full time basis. Mr.
Thompson will continue to serve in the COO position without compensation for an
undetermined period of time to complete the closing of the second asset sale
described above. Mr. Thompson will also remain on the Board of Directors of
Border as it continues to review alternatives with a view to maximizing
shareholder value, having now implemented an improved capital structure on March
24, 2014. Mr. Thompson has agreed to receive $50,000 of his severance in the
form of 1,000,000 common shares of the Corporation at a price of $0.05 per
share, subject to TSX Venture Exchange approval, and the balance of his
severance will be paid in cash.


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.


Forward-Looking Statements

The forward-looking statements contained in this document are based on certain
key expectations and assumptions made by Border. Although Border believes that
the expectations and assumptions on which the forward-looking statements are
based are reasonable, undue reliance should not be placed on the forward-looking
statements because Border 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. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks. These include, but are not limited to, the failure to obtain
necessary regulatory approvals, risks associated with the oil and gas industry
in general (e.g., operational risks in development, exploration and production;
delays or changes in plans with respect to exploration or development projects
or capital expenditures; the uncertainty of reserve estimates; the uncertainty
of estimates and projections relating to production, costs and expenses, and
health, safety and environmental risks), commodity price and exchange rate
fluctuations and uncertainties resulting from potential delays or changes in
plans with respect to exploration or development projects or capital
expenditures. A description of assumptions used to develop such forward-looking
information and a description of risk factors that may cause actual results to
differ materially from forward-looking information can be found in Border's
disclosure documents on the SEDAR website at www.sedar.com.


The forward-looking statements contained in this document are made as of the
date hereof and Border undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Border Petroleum Limited
Al Kroontje
Interim CEO
(403) 538-8448
(403) 444-5042 (FAX)


Border Petroleum Limited
Steven Thompson
Interim COO
(403) 538-8448
(403) 444-5042 (FAX)


Border Petroleum Limited
John Aihoshi
CFO
(403) 538-8448
(403) 444-5042 (FAX)

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