Mr. Gordon Reese reports

INVICTA ENERGY ANNOUNCES RECORD FIELD PRODUCTION AND INCREASE IN CREDIT FACILITY TO $18 MILLION

Invicta Energy Corp. has successfully completed its fourth-quarter drilling program of seven gross (3.9 net) wells at Kindersley, Sask. In total the company drilled 22 gross (12.1 net) wells on its Viking light oil play at Kindersley, Sask., in 2012. The company forecasted an exit production rate of 535 barrels of oil per day and achieved an average field production rate of 535 barrels of oil per day for the month of December. For approximately half the production days in the month of December the oil production rate exceeded the forecasted rate and the company reached a record day rate of 635 barrels of oil per day (700 barrels of oil equivalent per day). Initial production rates (IP rates based on 30 days) of these recent wells have outperformed the company's forecasted type curve of 40 to 45 barrels of oil per day and rank as some of the better wells in this play. Several wells have reached IP30 rates of 100 to 120 barrels of oil per day. Estimated field production for the first 10 days of January averaged 550 barrels of oil per day (582 barrels of oil equivalent per day). Invicta will monitor these high IP wells over the coming months for comparative decline performance to the company's forecast to assist in further development of its completion practices.

Invicta has also begun its Kindersley first-quarter drilling program of nine gross (4.2 net) wells. The company plans to drill up to 15 gross wells on its Saskatchewan and Alberta properties in the first half of 2013.

In addition, Invicta has added over four net sections of land through fourth quarter 2012 Crown land sales and now has 56,600 net acres of land in Alberta and Saskatchewan. From this developing land base, Invicta has the potential to develop a second core resource base to complement its current development on lands in Kindersley, Sask.

Based on the production results from the fourth-quarter drilling program, the company's credit facility was increased to $18-million, the maximum available under Invicta's current credit facility with ATB Financial.

We seek Safe Harbor.