Mr. John Proust reports

NEW ZEALAND ENERGY TO EXTEND EXPIRY DATE OF WARRANTS

New Zealand Energy Corp. proposes to extend the expiry date of 24,452,173 share purchase warrants that were issued pursuant to a non-brokered private placement financing in November, 2013.

Each warrant is currently exercisable to purchase one common share of the company at an exercise price of 45 cents per share until Oct. 28, 2014. The company proposes to amend the warrants to extend the expiry date to Oct. 28, 2015. All other terms of the warrants remain unchanged and in full force and effect. The amendment of the warrants is subject to the approval of the TSX Venture Exchange.

We seek Safe Harbor.