Mr. Greg Busby reports

WESCAN ENERGY EXTENDS CLOSING OF ACQUISITION OF OIL AND GAS PROPERTIES IN CENTRAL ALBERTA

Wescan Energy Corp. has entered an amending letter agreement that provides for an additional extension to its previously announced (Nov. 18, 2014, and Jan. 26, 2015) agreement of purchase and sale, as amended, for the acquisition of certain oil and gas assets in central Alberta, producing approximately 100 barrels of oil equivalent per day (65 per cent oil and natural gas liquids, 35 per cent natural gas), for the amended aggregate purchase price of $1,936,500, before customary closing adjustments.

This second amending letter agreement provides the company with a further extension to the previous outside closing date of Feb. 20, 2015, to Feb. 27, 2015. All other terms and conditions under the amended agreement remain in effect, including the original effective date of Sept. 1, 2014. The completion of the acquisition is subject to a number of conditions, including approval of the TSX Venture Exchange.

Please refer to the company's news releases dated Nov. 18, 2014, and Jan. 26, 2015, available on SEDAR for further details of the acquisition.

BOE presentation

Barrels of oil equivalent (boe) may be misleading, particularly if used in isolation. A boe conversion ratio of 6,000 cubic feet of natural gas to one barrel of crude oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

We seek Safe Harbor.