DCK Donnycreek Energy

Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK)
provides operations update and production guidance for the 2014 calendar year. 


Wapiti

Donnycreek's Hz 1-26-64-8 W6M well (the "1-26 Well") has reached total measured
depth of approximately 5,330 metres including a lateral length of approximately
1,600 metres in the middle Montney. Completion and testing operations are
scheduled to begin in mid February 2014.


Kakwa

Five wells are currently producing into the Company's 50% working interest
central gas compression and condensate stabilization facility. The 14-2-63-6 W6M
well (23.75% working interest) producing from the upper Montney flows into a
third party processing system. The Company's recently completed middle Montney
well at 16-17-63-5 W6M (the "16-17 Well") is currently being equipped and
tied-in and is expected to be on-stream in mid February 2014. The Company is
currently drilling the Hz 102/14 - 30 - 63-5 W6M (the "02/14-30 Well") targeting
the upper Montney. The 02/14-30 Well is the second of the 8 horizontal Montney
wells planned to be drilled at Kakwa in calendar 2014.


Credit Facility

Donnycreek is establishing an initial credit facility in the amount of $15
million with Alberta Treasury Branches.


Calendar 2014 Guidance

In calendar 2014, Donnycreek anticipates participating in 8 wells at Kakwa
(average 50% working interest) and 2 wells at Wapiti (75% working interest).
Total net capital expenditures are estimated to be $52.2 million; of which $49.1
million is for drilling and completions and $3.1 million is for equip and
tie-in. The calendar 2014 program will be funded through cash on hand, cash flow
and possibly debt. Donnycreek's current net production is approximately 1,400
boe/day (49% condensate; 51% natural gas). Production for calendar 2014 is
estimated to average 1,500 boe/d with an anticipated exit rate of approximately
2,500 boe/d (49% condensate; 51% natural gas). Donnycreek forecasts cash flow
from operations of approximately $37.5 million in calendar 2014.


Note: The foregoing is based on: (a) the Company's 5th, 6th and 7th wells being
on-stream in February 2014; the Company's 8th and 9th wells being on-stream in
June 2014; the Company's 10th and 11th wells being on-stream in July 2014; and
the Company's 12th and 13th wells being on-stream in December 2014; and (b) the
following pricing and exchange assumptions by McDaniel & Associates Consultants
Ltd. for 2014 (as at January 1, 2014):




                                                                           
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      WTI Crude Oil       Alberta AECO Spot Price        CAN$ to US$       
         $US/bbl                  $C/MMBtu              Exchange Rate      
---------------------------------------------------------------------------
          95.00                     4.00                     0.95          
---------------------------------------------------------------------------



Certain information set out herein may be considered as "financial outlook"
within the meaning of applicable securities laws. The purpose of this financial
outlook is to provide readers with disclosure regarding Donnycreek's reasonable
expectations as to the anticipated results of its proposed business activities
for the periods indicated. Readers are cautioned that the financial outlook may
not be appropriate for other purposes.


Donnycreek is a Calgary based public oil and gas company which holds
approximately 438 gross (313 net) sections of petroleum and natural gas rights,
with an average working interest of approximately 70%, prospective primarily for
Montney liquid rich natural gas resource development all of which are located 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                                                           
President and Chief Executive Officer                                       



ADVISORY ON FORWARD-LOOKING STATEMENTS: This news release contains certain
forward-looking information and statements ("forward-looking statements") within
the meaning of applicable securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "may", "will", "project", "should",
"believe", "plans", "intends" and similar expressions are intended to identify
forward-looking statements. In particular, but without limiting the foregoing,
this news release contains statements concerning the timing for completion and
testing of the 1-26 Well, the timing of production from the 16-17 Well, the
establishment of the credit facility with Alberta Treasury Branches, future well
participation, estimated 2014 net capital expenditures and estimated oil and gas
production levels and associated cash flows.


Forward-looking statements are based on a number of material factors,
expectations or assumptions of Donnycreek which have been used to develop such
statements and information but which may prove to be incorrect. Although
Donnycreek believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them because
Donnycreek 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. 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: whether the Company's exploration and development activities
respecting its prospects 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 on its lands; that drilling operations on its lands will be
successful such that further development activities in these areas are
warranted; that Donnycreek 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 general stability of the
economic and political environment in which Donnycreek 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 Donnycreek 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 Donnycreek operates; and the
ability of Donnycreek to successfully market its oil and natural gas products;
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, changes in development plans of Donnycreek
or by third party operators of Donnycreek's properties, increased debt levels or
debt service requirements; inaccurate estimation of Donnycreek'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
Donnycreek's public disclosure documents. 


Additional information regarding some of these risks, expectations or
assumptions and other factors may be found under in the Company's Annual
Information Form for the year ended July 31, 2013 and the Company's Management's
Discussion and Analysis prepared for the year ended July 31, 2013. The reader is
cautioned not to place undue reliance on these forward-looking statements. The
forward-looking statements contained in this news release are made as of the
date hereof and Donnycreek undertakes no obligations to update publicly or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, unless so required by applicable securities laws.


In this news release the calculation of barrels of oil equivalent (boe) is
calculated at a conversion rate of six thousand cubic feet (6 mcf) of natural
gas for one barrel (bbl) of oil based on an energy equivalency conversion
method. Boes may be misleading particularly if used in isolation. A boe
conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion
method primarily applicable to the burner tip and does not represent a value
equivalency at the wellhead. Given that the value ratio based on the current
price of crude oil as compared to natural gas is significantly different from
the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be
misleading as an indication of value.


Measurement and Abbreviations



                                                                            
----------------------------------------------------------------------------
                                                         Million British    
Bbls               Barrels            MMBtu              Thermal Units      
----------------------------------------------------------------------------
                   Barrels of oil                        West Texas         
Boe/d              equivalent per day WTI                Intermediate       
----------------------------------------------------------------------------



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 NEWS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Donnycreek Energy Inc.
Malcolm Todd
President and Chief Executive Officer
Telephone: (604) 684-2356
Fax: (604) 684-4265

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