Mr. Mark Kilback reports

KINGSLAND ENERGY CORP. (TSX-V:KLE) ANNOUNCES UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE 3RD QUARTER PERIOD ENDED AUGUST 31, 2014

Kingsland Energy Corp. (KLE) has filed its unaudited condensed consolidated interim financial statements and related management's discussion and analysis (MD&A) for the nine-month period ended Aug. 31, 2014, on SEDAR.

Selected financial and operational information is outlined herein and should be read in conjunction with the financial statements and related MD&A, which are available for review on SEDAR.

The corporation continues to leverage technologies, capabilities and relationships of its wholly owned EHR Enhanced Hydrocarbon Recovery Inc. subsidiary to capitalize on attracted international interest, most notably from Asia, where joint development and trials of enhanced oil recovery technologies have been successfully completed and these processes are now being adapted for application in Western Canadian reservoirs.

Growing international investment interest in the potential of EHR's capabilities has introduced and continues to introduce Kingsland to investment groups looking to support a technology-driven approach to oil production in Western Canada. The corporation will continue to pursue investment from these international interests and pursue commercial opportunities through the acquisition of working interests, farm-ins or joint venture interests.

                                               Nine-month period                Nine-month period
                                             ended Aug. 31, 2014              ended Aug. 31, 2013

Revenues                                         $       119,075                  $        21,500
(Loss) for the period                            $      (842,560)                 $      (940,357)
Total assets                                     $     5,419,270                  $     8,422,218
Total liabilities                                $     2,257,573                  $     3,617,380
Profit (loss) per common share                   $         (0.01)                 $         (0.01)

Revenues for the period are associated with consulting services, and other revenue. Revenue from consulting services may occur from time to time as opportunities arise. The corporation expects to realize approximately $10,000 per month of consulting services over the next year.

Net loss and comprehensive loss for the period totalled $842,560, compared with a loss of $940,357 (Aug. 31, 2013). The specifics of the decrease in loss are primarily attributable to a reduction in general and administrative costs, offset by increased exploration and evaluation costs as well as depletion and amortization and sundry amounts.

Total assets for the period were $5,419,270, compared with $8,422,218 as at Aug. 31, 2013. The net decrease in assets is primarily attributed to the disposition of oil and gas properties, combined with the lapse of certain non-strategic leases and adjustments of available for sale assets to anticipated fair market value, amortization of property, equipment and intangibles, and the reduction of current liabilities.

As at Aug. 31, 2014, current liabilities were $384,345, compared with $202,070 as at Aug. 31, 2013. The increase is primarily attributable to an increase in short-term financing and deferred revenues. Long-term liabilities for the period were $1,873,228, compared with $3,415,310 as at Aug. 31, 2013.

Financial results have been prepared in accordance with international financial reporting standards.

We seek Safe Harbor.