NZ New Zealand Energy Corp

New Zealand Energy Corp. (TSX VENTURE:NZ)(OTCQX:NZERF) ("NZEC" or the "Company")
is pleased to announce that the Company has been awarded a 100% interest in the
East Cape Permit. The East Cape Permit covers approximately 1,048,221 onshore
acres (4,242 km2) in the Raukumara region of the East Coast Basin, on the
northeast tip of New Zealand's North Island. The East Coast Basin is considered
highly prospective with significant resource potential from both conventional
Miocene sands and unconventional oil shales. There are more than 300 onshore oil
or natural gas seeps in the East Coast Basin. Many have been sourced to two oil
shale packages that are rich in total organic carbon and locally naturally
fractured: the Waipawa and Whangai shale formations. 


NZEC now controls 2,036,642 acres (8,242 km2) across four permits in the East
Coast Basin (Figure 1).(1) A resource estimate for NZEC's East Coast Basin
permits, completed by Deloitte LLP with an effective date of February 1, 2011,
outlined prospective resources of 604.5 million barrels of oil.(2) 


NZEC will be the first company to explore the East Cape Permit since the
mid-1980s. The Company's work program for the permit includes technical studies,
reprocessing 145 km of 2D seismic and acquiring 40 km of new 2D seismic data,
and drilling an exploration well by Q2-2016. NZEC has met with iwi groups from
the permit area and looks forward to continuing to build these relationships as
exploration proceeds. 


"With the backdrop of heightened interest in oil shales worldwide, NZEC now
controls the largest exploration portfolio in New Zealand's East Coast Basin,
with more than 2 million acres from which to explore and unlock the potential of
these highly prospective oil shale packages," said John Proust, Chief Executive
Officer of NZEC. "NZEC's technical work over the last three years has given us a
much greater understanding of the East Coast Basin. We look forward to advancing
our oil shale exploration strategy in 2014."


Additional plans for the East Coast Basin include drilling exploration wells on
both the Castlepoint and Wairoa permits in 2014. The Company will focus its
exploration efforts on the East Cape, Castlepoint and Wairoa permits, and will
make a decision regarding potential relinquishment of the Ranui Permit before
year-end 2013. 


NZEC is actively looking for a partner to participate in the funding,
exploration and development of its East Coast Basin permits. 


On behalf of the Board of Directors

John Proust, Chief Executive Officer & Director 

About New Zealand Energy Corp.

NZEC is an oil and natural gas company engaged in the production, development
and exploration of petroleum and natural gas assets in New Zealand. NZEC's
property portfolio collectively covers approximately 2.2 million acres
(including permits pending) of conventional and unconventional prospects in the
Taranaki Basin and East Coast Basin of New Zealand's North Island. The Company's
management team has extensive experience exploring and developing oil and
natural gas fields in New Zealand and Canada. NZEC plans to add shareholder
value by executing a technically disciplined exploration and development program
focused on the onshore and offshore oil and natural gas resources in the
politically and fiscally stable country of New Zealand. NZEC is listed on the
TSX Venture Exchange under the symbol "NZ" and on the OTCQX International under
the symbol "NZERF". More information is available at www.newzealandenergy.com or
by emailing info@newzealandenergy.com.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


This document contains certain forward-looking information and forward-looking
statements within the meaning of applicable securities legislation (collectively
"forward-looking statements"). The use of the word "will", "looks forward",
"continuing" and similar expressions are intended to identify forward-looking
statements. These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements including, without
limitation, the speculative nature of exploration, appraisal and development of
oil and natural gas properties; uncertainties associated with estimating oil and
natural gas reserves and resources; uncertainties in both daily and long-term
production rates and resulting cash flow; volatility in market prices for oil
and natural gas; changes in the cost of operations, including costs of
extracting and delivering oil and natural gas to market, that affect potential
profitability of oil and natural gas exploration and production; the need to
obtain various approvals before exploring and producing oil and natural gas
resources; exploration hazards and risks inherent in oil and natural gas
exploration; operating hazards and risks inherent in oil and natural gas
operations; the Company's ability to execute its planned work programs; market
conditions that prevent the Company from raising the funds necessary for
exploration and development on acceptable terms or at all; global financial
market events that cause significant volatility in commodity prices; unexpected
costs or liabilities for environmental matters; competition for, among other
things, capital, acquisitions of resources, skilled personnel, and access to
equipment and services required for exploration, development and production;
changes in exchange rates, laws of New Zealand or laws of Canada affecting
foreign trade, taxation and investment; failure to realize the anticipated
benefits of acquisitions and partnerships; and other factors as disclosed in
documents released by NZEC as part of its continuous disclosure obligations.
Such forward-looking statements should not be unduly relied upon. The Company
believes the expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations will prove to
be correct. Actual results could differ materially from those anticipated in
these forward-looking statements. The forward-looking statements contained in
the document are expressly qualified by this cautionary statement. These
statements speak only as of the date of this document and the Company does not
undertake to update any forward-looking statements that are contained in this
document, except in accordance with applicable securities laws.


(1) NZEC entered into a binding agreement with Westech in October 2012 to
acquire an 80% interest and become operator of the Wairoa Permit. New Zealand
Petroleum & Minerals provided preliminary approval of the acquisition in
December 2012. Final approval of the revised work program and joint arrangement
with Westech is pending.


(2) Best estimate of petroleum resources on NZEC's East Cape, Castlepoint and
Ranui permits assuming 9% recovery for conventional resources and 2% recovery
for unconventional resources. A resource estimate for the Wairoa Permit is
pending. See NZEC's Interim Statement of Reserves and Resources dated October
28, 2013, filed on SEDAR at www.SEDAR.com.


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/NZ-Nov2913-Figure1.pdf.


FOR FURTHER INFORMATION PLEASE CONTACT: 
North America:
New Zealand Energy Corp.
John Proust
Chief Executive Officer & Director
1-855-630-8997


New Zealand Energy Corp.
Bruce McIntyre
Executive Director
1-855-630-8997


New Zealand Energy Corp.
Rhylin Bailie
Vice President Communications & Investor Relations
1-855-630-8997
info@newzealandenergy.com
www.newzealandenergy.com


New Zealand:
New Zealand Energy Corp.
Chris Bush
New Zealand Country Manager
64-6-757-4470

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