CR Crew Energy Inc

Crew Energy Inc. (TSX:CR) ("Crew" or "the Company") is pleased to announce that
it has closed its previously announced disposition of certain petroleum and
natural gas assets (75% natural gas) focused primarily in the Deep Basin of
Alberta, with an effective date of April 1, 2014. Full details regarding the
disposition and concurrent acquisition of strategic Montney acreage were
contained in Crew's press release dated April 9, 2014.


Consideration for the disposition totaled approximately $222 million in cash,
before closing adjustments, plus approximately 400 bbls per day of heavy oil
production in the Company's Lloydminster area. This transaction provides Crew
with an additional and non-dilutive source of funding to accelerate its five
year Montney growth plan.


With the closing of this transaction, Crew has expanded its 2014 exploration and
capital program by $39 million to $285 million which will be directed to
continued acceleration of the Company's core Montney development.


Crew is a Calgary, Alberta based oil and gas exploration, development and
production company whose shares are traded on the Toronto Stock Exchange under
the trading symbol "CR". For further information about Crew, please visit the
Company's website at www.crewenergy.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Crew Energy Inc.
Dale Shwed
President and C.E.O.
(403) 231-8850


Crew Energy Inc.
John Leach
Senior Vice President and C.F.O.
(403) 231-8859


Crew Energy Inc.
Rob Morgan
Senior Vice President and C.O.O
(403) 513-9628

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