June 6th

Reece\'s first Bakken well a success

Reece Energy Exploration Corp. (TSX-V/RXR) (\"Reece\") is pleased to announce that its first exploratory Bakken well has been successfully tested for oil. As previously announced, the well (50% net to Reece) penetrated the Bakken formation for the full lateral section, extending approximately 1,400 meters horizontally. Oil was detected in the majority of the samples and \"oil over the shaker\" was observed during drilling. The well has been tested over the past six days with satisfactory oil recovery without fracture treatment. Reece and its partner will evaluate the well in the coming weeks.

\"We are very pleased to have resource success in the first of our three exploratory Bakken areas. This success will help to prove up the 6,000 gross acres of Joint venture lands in the immediate area and bolsters our optimism for the our other two Bakken project areas,\" said Lorne Swalm the President and CEO of Reece. As of today\'s date, the drilling rig is moving to the Company\'s second Bakken location to commence drilling in the second of the three larger land blocks acquired by Reece and its joint venture partner in the area.

Reece is a publicly held oil and gas company headquartered in Medicine Hat, Alberta, Canada that trades on the TSX Venture Exchange under the symbol \"RXR\".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements in this news release including (i) statements that may contain words such as \"anticipate\", \"could\", \"expect\", \"seek\", \"may\" \"intend\", \"will\", \"believe\", \"should\", \"project\", \"forecast\", \"plan\" and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Reece operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute \"forward-looking statements\" and are based on certain assumptions and analysis made by Reece. Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; oil and natural gas prices and demand; other development trends within the oil and natural gas industry; business strategy; expansion and growth of Reece\'s business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and that may affect Reece\'s operations, including, but are not limited to: the impact of general economic conditions; industry conditions; government and regulatory developments; oil and natural gas product supply and demand; competition; and Reece\'s ability to attract and retain qualified personnel. Reece\'s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do transpire or occur, what benefits Reece will derive therefrom. Subject to applicable law, Reece disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

All forward-looking statements contained in this document are expressly qualified by this cautionary statement. Further information about the factors affecting forward-looking statements is available in Reece\'s current Annual Report which has been filed with Canadian provincial securities commissions and is available on www.sedar.com.

SOURCE: Reece Energy Exploration Corp.

Lorne Swalm, President & C.E.O., Reece Energy Exploration Corp., Phone: (403) 526-9700, This email address is being protected from spambots. You need JavaScript enabled to view it., www.reeceenergy.com