DCK Donnycreek Energy

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES
OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS


Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK)
announces that the Company and a syndicate of agents led by RBC Capital Markets
and including Paradigm Capital Inc. and Cormark Securities Inc. are offering the
recently announced brokered private placement of up to $25,000,000 of common
shares of the Company ("Common Shares") at $1.60 per Common Share (the
"Offering").


The Offering will be conducted on a "best efforts" basis and is subject to
certain conditions including, but not limited to, the closing of the Company's
acquisition of lands in the Deep Basin area of West Central Alberta from Deventa
Land Corp. (the "Acquisition") and the receipt of all necessary approvals,
including the approval of the TSX Venture Exchange. The Common Shares issued
pursuant to the Offering will be subject to a four month hold period from the
date of closing of the Offering. 


The proceeds from the Offering will be used for drilling the Company's Kakwa
block, advancing the Wapiti assets to be acquired in connection with the
Acquisition towards commercial development and for general corporate purposes. 


It is currently anticipated that the closing of the Offering and the Acquisition
will occur on or about October 15, 2012.


Donnycreek is a Calgary-based oil and natural gas production company focused on
horizontal, multi-stage frac development in the Deep Basin area of west central
Alberta. 


Further information relating to Donnycreek is also available on its website at
www.donnycreekenergy.com.


ON BEHALF OF THE BOARD OF DONNYCREEK ENERGY INC. 

Malcolm F.W. Todd, Chief Executive Officer   

FORWARD-LOOKING STATEMENTS 

Certain information set forth in this news release contains forward-looking
statements or information ("forward-looking statements"), including statements
concerning the uses of the net proceeds of the Offering and the expected timing
of the closing of the Offering and the Acquisition. 


The forward-looking statements contained in this document are based on certain
key expectations and assumptions made by Donnycreek, including with respect to
the closing dates of the Offering and the Acquisition, the use of proceeds of
the Offering, expectations and assumptions concerning timing of receipt of
required regulatory approvals and third party consents, and the satisfaction of
other conditions to the completion of the Offering and the Acquisition as well
as expectations and assumptions concerning the success of future drilling
activities.


By their nature, forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond Donnycreek's control, including the
impact of general economic conditions, industry conditions, volatility of
commodity prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, operational risks in exploration and development,
competition from other industry participants, the lack of availability of
qualified personnel or management, stock market volatility and the ability to
access sufficient capital from internal and external sources. Although
Donnycreek believes that the expectations in our forward-looking statements are
reasonable, our forward-looking statements have been based on factors and
assumptions concerning future events which may prove to be inaccurate. Those
factors and assumptions are based upon currently available information. Such
statements are subject to known and unknown risks, uncertainties and other
factors that could influence actual results or events and cause actual results
or events to differ materially from those stated, anticipated or implied in the
forward-looking information. As such, readers are cautioned not to place undue
reliance on the forward-looking information, as no assurance can be provided as
to future results, levels of activity or achievements. The risks, uncertainties,
material assumptions and other factors that could affect actual results are
discussed in our management's discussion and analysis and other documents
available at www.sedar.com. Furthermore, the forward-looking statements
contained in this document are made as of the date of this document and, except
as required by applicable law, Donnycreek does not undertake any obligation to
publicly update or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise. The
forward-looking statements contained in this document are expressly qualified by
this cautionary statement.


This news release is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States or to or for the
account or benefit of US persons (as such terms are defined in Regulation S
under the United States Securities Act of 1933, as amended (the "U.S. Securities
Act")), absent registration or an exemption from registration. The securities
offered have not been and will not be registered under the U.S. Securities Act
or any state securities laws and, therefore, may not be offered for sale in the
United States, except in transactions exempt from registration under the U.S.
Securities Act and applicable state securities laws. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any State in which such offer,
solicitation or sale would be unlawful.

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