Mr. Christopher George reports

MOBIUS RESOURCES ANNOUNCES RELEASE OF ITS FOURTH QUARTER 2014 FINANCIAL RESULTS AND PROVIDES AN UPDATE ON ACTIVITIES

Mobius Resources Inc. (formerly Zodiac Exploration Inc.) has filed its financial statements and management's discussion and analysis for the three and 12 months ended Sept. 30, 2014, on SEDAR. All dollar amounts are expressed in thousands unless otherwise noted.

During the three months ended Sept. 30, 2014, Mobius:

• Commenced drilling operations of its first well targeting the Duvernay formation in the Snipe Lake area of Alberta;
• Performed abandonment and reclamation work with respect to the exploration well previously drilled in Montana;
• Continued its efforts to monetize the California properties through discussions with several third parties;
• Recognized asset impairments of $3,354 related to its assets in California ($3,243) and Montana ($111);
• Ended the quarter with a cash balance of $7,952 and a working capital balance of $7,625.

                              FINANCIAL HIGHLIGHTS
                            (in thousands of dollars)

                                         Three months                 12 months
                                      ended Sept. 30,           ended Sept. 30,
                                    2014         2013         2014         2013
Revenue
and other income                     $27          $72       $3,473         $169
Net income (loss)                 (4,380)        (949)     (59,537)      (4,511)
Funds from (used) in
operations (1)                       119       (1,619)        (239)      (4,349)
Capital expenditures               1,512        1,048        3,859        2,133
Total assets                      17,605       71,726       17,605       71,726
Cash and cash equivalents          7,952       13,923        7,952       13,923

(1) Funds from (used) in operations as presented do not have any standardized 
meaning prescribed by generally accepted accounting principles and, therefore, 
may not be comparable with the calculation of similar measures presented by 
other entities.

During the company's fourth quarter of 2014, Mobius commenced its Duvernay drilling program with the spudding of the Mobius Guy well located at 10-11-72-22W5M in Alberta. Subsequent to the end of the quarter, the well was successfully drilled through the Duvernay formation and into the top of the Beaverhill Lake formation.

As previously disclosed, Mobius intends to perform a special core study to collect the information necessary to continue to derisk the play. Mobius expects that data and interpretations from the well and special core study will be received in a staged manner, but that full analysis will not be complete for up to two months.

Mobius is a top holder of Duvernay rights in Alberta, with a total of 61,120 acres of land in central Alberta, primarily in the Duvernay and Nordegg formations (56,640 semi-contiguous 100-per-cent-working-interest acres in the Duvernay light oil resource window).

We seek Safe Harbor.