Mr. Dan O'Byrne reports

SPYGLASS RESOURCES CORP. ANNOUNCES APPROVAL OF A NORMAL COURSE ISSUER BID BY THE TORONTO STOCK EXCHANGE

The Toronto Stock Exchange has approved Spyglass Resources Corp.'s notice of intention to make a normal course issuer bid. Under the terms of the Bid, Spyglass may acquire up to 12,460,689 of its common shares from time to time in accordance with the normal course issuer bid procedures of the TSX, representing approximately 10 per cent of the public float (as that term is defined in the policies of the TSX) as of Dec. 18, 2014.

Repurchases under the bid may commence on Dec. 22, 2014, and will terminate on Dec. 21, 2015, or on such earlier date as the bid is complete. Purchases of common shares will be made through the facilities of the TSX and other alternative trading platforms. Daily purchases will be limited to 78,295 common shares, other than block purchase exemptions, being 25 per cent of the daily average trading volume of the common shares on the TSX, being 313,182 common shares, from June 1, 2014, to Nov. 30, 2014. The price that the corporation may pay for any common shares purchased under the bid will be the prevailing market price at the time of purchase and any common shares purchased by the corporation will be cancelled.

The board of directors of Spyglass believes that, from time to time, the underlying value of the corporation may not be reflected in the market price of the common shares.

As of Dec. 18, 2014, there were 128,076,720 common shares issued and outstanding. The 12,460,689 common shares that may be repurchased under the bid represent 10 per cent of the public float and approximately 9.7 per cent of the issued and outstanding common shares on Dec. 18, 2014.

We seek Safe Harbor.