Mr. Colin Watt reports

LYNDEN ENERGY REPORTS FISCAL YEAR-END RESERVES AT JUNE 30, 2014

Lynden Energy Corp. is releasing the results of its June 30, 2014, evaluation of oil and gas reserves on its Midland basin, Texas, oil and gas properties, as evaluated by Cawley, Gillespie & Associates Inc. in accordance with National Instrument 51-101 -- Standards of Disclosure for Oil and Gas Activities. All monetary references in this news release are to United States dollars unless otherwise stated.

A summary of the company's reserves volumes according to reserve category as at June 30, 2014, is provided in the table. Unless otherwise stated, the reserves information included in this news release is stated on a working-interest basis, which represents Lynden's working-interest share of remaining reserves before deduction of royalties.

                 COMPANY SHARE OF REMAINING RESERVES (GROSS)

                                 Light and                       Natural gas
                                medium oil      Natural gas          liquids
Reserves category                   (Mbbl)           (MMcf)           (Mbbl)

Proved
producing                          2,108.9          5,885.1          1,167.2
Non-producing                        647.2          1,007.9            200.0
Undeveloped                        2,430.8          5,817.1          1,154.2
Total proved                       5,186.9         12,710.1          2,521.4
Probable                             292.5            381.1             75.6
Total proved plus
probable                           5,479.4         13,091.2          2,597.0

A summary of the company's estimated future net revenues associated with Lynden's reserves as at June 30, 2014, is provided in the table. It should not be assumed that the net present values estimated by Cawley represent the fair market value of the reserves.

                  BEFORE INCOME TAXES DISCOUNTED AT (%/YEAR)

                              0%         5%        10%        15%        20%
Reserves category           (M$)       (M$)       (M$)       (M$)       (M$)

Proved
producing                139,948     89,642     67,995     56,094     48,507
Non-producing             44,768     23,767     15,354     10,966      8,307
Undeveloped              105,565     52,433     28,342     15,158      7,016
Total proved             290,281    165,842    111,691     82,218     63,830
Probable                   8,445      3,435      1,271        185       -411
Total proved plus
probable                 298,726    169,277    112,962     82,403     63,419

The base pricing and inflation assumptions used in the forecast are as follows:

WTI cushing oil price:  $100.27 per barrel

Henry Hub natural gas price:  $4.104 per million British thermal units

Inflation rate:  0 per cent per year

We seek Safe Harbor.