Mr. Gregory Leia reports

JADELA ANNOUNCES PRIVATE PLACEMENT, NEW DIRECTOR AND GRANT OF OPTIONS

Jadela Oil Corp. is proposing a non-brokered private placement of up to four million units at a price of five cents per unit for gross proceeds of up to $200,000. Each unit will comprise one common share in the capital of Jadela and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 7.5 cents per common share, exercisable no later than the earlier of: (a) the date that is two years from the date of issuance of such warrant; or (b) should the volume-weighted average closing price of the corporation's common shares, as traded on the exchange, exceed 20 cents per common share for more than 10 consecutive trading days following the date that is four months and one day after the closing date, an accelerated date that is 20 calendar days following the date of a press release issued by the corporation announcing the reduced warrant exercise period. All of the securities issued under the private placement will be subject to a four-month resale restriction and will contain a legend, which will detail the resale restriction. There is no minimum under the private placement, and Jadela may close the offering in several tranches; however, the private placement must be concluded by Sept. 19, 2014.

In connection with this private placement, Jadela will pay cash finders' fees equal to 10 per cent of the funds raised to eligible finders who introduce subscribers to the private placement and issue one finder's fee warrant for every 10 units issued to such subscribers. Each finder's fee warrant will be issued to finders on the same terms as the warrants constituting the units. The offering is subject to approval from the TSX Venture Exchange.

The corporation is pleased to announce that Craig Lloyd Leggatt of Calgary, Alta., has joined the board of directors. Mr. Leggatt has worked in a number of different capacities in the capital markets for over 15 years. His capital markets experience encompasses investigations and enforcement with the Alberta Securities Commission; senior compliance experience with full-service investment dealers and an institutional boutique; and corporate finance experience in the venture capital markets wherein Mr. Leggatt was responsible for junior market deals valued in excess of $100-million. Mr. Leggatt has a bachelor of arts degree from the University of Waterloo and a bachelor of laws degree from Queen's University. Mr. Leggatt has been a member of the Law Society of Upper Canada since 1991 and a member of the Law Society of Alberta since 1997. Mr. Leggatt practises law with Wolff Leia, an energy and securities law boutique in Calgary, Alta. Mr. Leggatt's legal practice is focused on securities transactions and litigation. Mr. Leggatt has been granted a stock option to acquire 450,000 common shares of Jadela at an exercise price of five cents per common share. Mr. Leggatt will become a member of the audit committee. The audit committee now comprises Gerald Roe (chairman), Craig Leggatt and Gregory J. Leia. Mr. Roe and Mr. Leggatt would be considered independent under National Instrument 52-110. The corporation has also granted additional stock options to directors and officers of the corporation to acquire 1.1 million common shares of Jadela at an exercise price of five cents per common share.