Mr. Al Kroontje reports

BORDER ANNOUNCES FILING OF FINANCIALS

Border Petroleum Ltd. is releasing its financial results for the financial year ended March 31, 2015. The audited financial statements, and management's discussion and analysis (MD&A), have been filed on SEDAR. Pursuant to NI 51-101, the company has also filed its Form 51-101F1, statement of reserves data, and other oil and gas information, Form 51-101F2, report on reserves data by independent qualified reserves evaluator, and Form 51-101F3, report of management and directors on oil and gas disclosure, for the financial year ended March 31, 2015, on SEDAR. Copies of the annual and NI 51-101 filings of the corporation are available for viewing on SEDAR.

Outlook

The corporation continues to focus on production optimization and cost cutting. Effective Jan. 1, 2015, office rent costs and certain staffing costs have been reduced by 40 per cent. Additional general and administrative cost reductions are continuing. Operating costs for properties that are not operated by Border are under constant review to maximize field cash flows. Border continues to review assorted alternatives to enhance shareholder value.

Financial overview

Certain selected financial and operational information for the financial year ended March 31, 2015, is set out in this news release, and should be read in conjunction with the corporation's audited financial statements and related MD&A.

                     KEY FINANCIAL RESULTS

                                       Year ended     Year ended
                                         March 31,      March 31,
                                             2015           2014
Financial
Petroleum and natural gas revenues   $  1,576,695   $  2,180,534
Funds flow from operations           $   (785,558)  $ (2,011,055)
Per share, basic and diluted         $      (0.02)  $      (0.06)
Net (loss)                           $ (2,301,188)  $(21,327,582)
Per share, basic and diluted         $      (0.04)  $      (0.64)
Capital expenditures, including      $                           
decommissioning liabilities          $  6,249,498   $ (4,129,522)
Operational                                                                 
Production                                                                  
Oil and liquids (bbl/d)                        54             50
Natural gas (mcf/d)                           308            528
Oil equivalent (boe/d)                        105            137
Sales price per unit  
Oil and liquids ($/bbl)                     59.99          78.27
Natural gas ($/mcf)                          3.62           3.98
Oil equivalent ($/boe)                      41.26          43.46
Reserves (proved plus probable) 
Oil and liquids (bbl)                     810,000        171,000
Natural gas (mcf)                       5,215,000        808,000
Oil equivalent (mboe)                   1,679,000        306,000
Net present value before income taxes,  
discounted at 10 per cent
Total proved                         $  8,079,000   $  1,859,000
Total probable                       $  8,266,000   $  1,114,000
Total proved plus probable           $ 16,345,000   $  2,973,000

We seek Safe Harbor.