VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/21/14

Karsten Energy Corp. (the "Company") (TSX VENTURE: KAY.P), a capital pool company, is pleased to announce that the filing statement with respect to its Qualifying Transaction previously announced in its news release dated July 28, 2014 is now available under the Company's profile on SEDAR at www.sedar.com.

The Company expects to complete its previously-announced private placement and Qualifying Transaction on or prior to November 30, 2014.

Completion of the transaction is subject to a number of conditions, including but not limited to, final acceptance of the TSX Venture Exchange (the "Exchange"). Investors are cautioned that, except as disclosed in the filing statement, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements and forward-looking information (together, "forward-looking statements"). All statements other than statements of historical fact included in this release, including, without limitation, statements regarding completion of the private placement and the Qualifying Transaction. There can be no assurance that such statements will prove to be accurate and actual results and future events may vary from those anticipated in such statements. Important risk factors that could cause actual results to differ materially from the Company's plans or expectations include risks related to final Exchange acceptance of the transactions described above, regulatory changes, other risks normally associated with private placements and Qualifying Transactions, and risks associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management. The forward-looking statements in this news release were developed based on the expectations of management, including that final Exchange acceptance for the proposed transactions will be provided and the other risks described above will not materialize. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

Contacts:
Karsten Energy Corp.
Murray Oliver
President and Chief Executive Officer
604-687-0888