Mr. Rick Ironside reports

ARTISAN ENERGY CLOSES $5.4 MILLION BROKERED FLOW-THROUGH SHARE PRIVATE PLACEMENT

Artisan Energy Corp. has closed its previously announced brokered private placement of common shares to be issued on a flow-through basis pursuant to the Income Tax Act (Canada), in respect of Canadian exploration expenses (CEE), which was conducted on a best-efforts agency basis by Integral Capital Markets, a division of Integral Wealth Securities Ltd. This portion of the placement was oversubscribed relative to the original 15-million-share offering, and was ultimately limited to 19 million shares to ensure that Artisan had sufficient qualifying CEE opportunities. Artisan has also closed on a portion of the offered common shares to be issued on a flow-through basis pursuant to the Tax Act in respect of Canadian development expenses (CDE), which was also conducted on a best-efforts agency basis by Integral.

Artisan has issued 19 million CEE shares at a price of 27 cents per CEE share, for gross proceeds of $5.13-million. Artisan has also issued 1.31 million CDE shares at a price of 25 cents per CDE share, for gross proceeds of $327,500.

Proceeds from the CEE shares will be used to finance the drilling of qualifying exploration wells in Artisan's core area north of Pembina at its Tomahawk and Chip Lake projects, and will also test a new conventional oil opportunity in certain lands owned 100 per cent by Artisan in Southern Alberta. Proceeds from the issuance of the CDE shares will be allocated toward the drilling of a horizontal well at Artisan's Tomahawk project, targeting liquids-rich gas in the Wilrich-Fahler formation and/or a horizontal well at Artisan's Chip Lake project, targeting light oil in the Rock Creek formation. Artisan's continuing operational focus is on its Tomahawk and Chip Lake projects, which Artisan believes have a combined developmental potential to achieve sustained production in excess of 5,000 barrels of oil equivalent per day (25 per cent oil and natural gas liquids), assuming sufficient access to the necessary development capital.

The issuance of the CEE shares and the CDE shares remains subject to final approval of the TSX Venture Exchange. Gross proceeds from the issuance of the CEE shares and the CDE shares will be used to incur (by Dec. 31, 2015) and renounce (effective Dec. 31, 2014) Canadian exploration expenses and Canadian development expenses, respectively.

The CEE shares and the CDE shares issued will be subject to a statutory hold period of four months plus one day from the closing date, in accordance with applicable securities legislation.

We seek Safe Harbor.