CEX Contact Exploration Inc.

Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is
pleased to announce that the fourth Contact-operated Kakwa Montney well, at
5-23-63-6 W6M (the "5-23 Well") has been successfully drilled horizontally to a
total measured depth of 5017 meters. The 5-23 Well included a planned vertical
stratigraphic penetration, whereby a full suite of logs throughout the Montney
Formation was acquired and full diameter core data through the Upper and Middle
Montney intervals was retrieved, allowing Contact to further calibrate the 5-23
Well and the other wells in the area. The drilling of the 5-23 Well was
accomplished on time and on budget. Completion of the 5-23 Well, to include
multi-stage fracing and flow testing, is anticipated to be concluded by late
October 2013. Contact holds a 25% working interest in the 5-23 Well.


Contact is now mobilizing the drilling rig in anticipation of spudding the
Company's fifth operated well at Kakwa by mid September 2013.


Lease construction of the Company's central compressor site is ongoing, with
mechanical installation set to begin in early October 2013. Upon completion,
this centralized facility will receive production from all Contact-operated
Kakwa wells. The facility has been designed to reduce pipeline flowing
pressures, assisting with both liquids lifting capacity in the wellbores and
further pressure reduction on the reservoirs, and is also expected to eliminate
the need for equipment currently employed at well sites to separate free
condensate from natural gas. The facility remains on schedule for start-up prior
to calendar year end.


Contact has been advised by the operator of the Kakwa Montney well at 14-2-63-6
W6M (the "14-2 Well") that this well is expected to be placed on production by
the end of September 2013. Contact holds a non-operated 23.75% working interest
in the 14-2 Well. 


About Contact Exploration Inc.

Contact Exploration Inc. is a public oil and gas company which has a long-term
history of operating in Atlantic Canada and has recently demonstrated success in
Alberta's liquids-rich Montney Formation tight gas play. For more information,
please see the Company's website: www.contactexp.com


ADVISORY ON FORWARD-LOOKING STATEMENTS: This press release contains certain
forward-looking information and statements within the meaning of applicable
securities laws. The use of any of the words "expect", "continue", "estimate",
"may", "will", "should", "believe", "plans", "cautions" and similar expressions
are intended to identify forward-looking information or statements. In
particular, but without limiting the forgoing, this press release contains
statements concerning the timing for completion of the 5-23 Well, the timing to
spud the Company's next operated well at Kakwa, the timing to complete
construction of the centralized facility at Kakwa and operational advantages to
be realized from this facility and the timing for the 14-2 Well to be placed on
production. 


Forward-looking statements or information are based on a number of material
factors, expectations or assumptions of Contact which have been used to develop
such statements and information but which may prove to be incorrect. Although
Contact believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them because
Contact 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. In particular, in addition
to other factors and assumptions which may be identified herein, no assurances
can be given respecting: whether the Company's exploration and development
activities respecting the Deep Basin Montney project will be successful or that
material volumes of petroleum and natural gas reserves will be encountered, or
if encountered can be produced on a commercial basis; the ultimate size and
scope of any hydrocarbon bearing formations at the Deep Basin Montney project;
that additional drilling and completion operations in the Deep Basin Montney
project will be successful such that further development activities in this area
is warranted; that Contact will continue to conduct its operations in a manner
consistent with past operations; results from drilling and development
activities will be consistent with past operations; the accuracy of the
estimates of Contact's reserve volumes; the general stability of the economic
and political environment in which Contact operates; drilling results; field
production rates and decline rates; the general continuance of current industry
conditions; the timing and cost of pipeline, storage and facility construction
and expansion and the ability of Contact to secure adequate product
transportation; future commodity prices; currency, exchange and interest rates;
regulatory framework regarding royalties, taxes and environmental matters in the
jurisdictions in which Contact operates; and the ability of Contact to
successfully market its oil and natural gas products. 


Further, events or circumstances may cause actual results to differ materially
from those predicted as a result of numerous known and unknown risks,
uncertainties and other factors, many of which are beyond the control of the
Company, including, without limitation: changes in commodity prices; changes in
the demand for or supply of the Company's products; unanticipated operating
results or production declines; changes in tax or environmental laws, royalty
rates or other regulatory matters; changes in development plans of Contact or by
third party operators of Contact's properties, increased debt levels or debt
service requirements; inaccurate estimation of Contact's oil and gas reserve and
resource volumes; limited, unfavourable or a lack of access to capital markets;
increased costs; a lack of adequate insurance coverage; the impact of
competitors; and certain other risks detailed from time-to-time in Contact's
public disclosure documents. Additional information regarding some of these risk
factors may be found under "Risk Factors" in the Company's Management Discussion
and Analysis prepared for the year ended March 31, 2013. The reader is cautioned
not to place undue reliance on this forward-looking information. The
forward-looking statements contained in this press release are made as of the
date hereof and Contact undertakes no obligations 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.


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: 
Contact Exploration Inc.
Steve Harding
President and CEO
(403) 771-1091
(403) 695-3915 (FAX)
sharding@contactexp.com
www.contactexp.com

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