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File: Aroway Energy Inc  Receives Extension for Maximum Rate Limitation at Kirkpatrick Lake - Final.doc

AROWAY ENERGY INC. RECEIVES EXTENSION FOR MAXIMUM RATE LIMITATION AT KIRKPATRICK LAKE

Calgary, Alberta, July 29, 2014 - AROWAY ENERGY INC. (TSX-V: ARW) (OTCQX: ARWJF) (www.arowayenergy.com) (the "Company"
--->) is pleased to report the Company has received a one year extension approval from the Alberta Energy Regulator in the
---> form of a Special Maximum Rate Limitation ("MRL") to continue to produce up to 240 bbls per day (40.0 m3/d/well) on i
--->ts existing producing wells at the Company's owned and operated Kirkpatrick lake property.  The one year extension Spe
--->cial MRL rate is effective on the Company's existing producing wells and each subsequent well drilled into the produci
--->ng pool. The Company is required to apply for a follow up production approval in advance of the Special MRL expiring i
--->n July of 2015.

Chris Cooper, President & CEO of Aroway Energy commented, "The extension of the Special MRL allows us to continue to c
--->apitalize on the current price of oil without any regulatory disruptions in our production rates at Kirkpatrick Lake. 
--->Our Kirkpatrick Lake asset continues to perform extremely well with field cash flow netbacks of over $65.  In addition
--->, the Company has submitted to the Alberta Energy Regulator a holding application to permit the Company to drill addit
--->ional wells into the existing pool."

ABOUT AROWAY ENERGY INC.
Aroway Energy Inc. is a western Canadian junior oil production and exploration company participating in oil developmen
--->t & exploration prospects in Alberta and Saskatchewan.  Aroway operates and owns a 100% working interest heavy oil pro
--->ducing property in West Hazel, Saskatchewan, a 100% working interest light oil producing property in Kirkpatrick Lake,
---> Central Alberta and has access to a large contiguous prospective land base in the Kerrobert area of West Central Sask
--->atchewan.  
ON BEHALF OF AROWAY ENERGY INC
"Chris Cooper"
President & CEO

For further information, please contact: 
Chris Cooper     Judy-Ann Pottinger
President & CEO    Director of Communications
Toll Free:  1-855-427-6929   Toll Free:  1-855-427-6929
Email:  cooper@arowayenergy.com  jpottnger@arowayenergy.com
  
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. A conversion ratio of 1 barrel 
--->of oil equivalent ("boe"); 6 Mcf has been used, which is based on an energy equivalency conversion method primarily ap
--->plicable at the burner tip and does not necessarily represent a value equivalency at the wellhead.  Boes may be mislea
--->ding, particularly if used in isolation.