Passport Energy Ltd. Announces Successful Drilling of the Development Well in the Hardy Field (Bakken Formation), Southeast Saskatchewan

 Passport Energy Ltd. (PPO - CNSX), is pleased to announce that in conjunction with its partners American Eagle Inc. and Eternal Energy Corp. has successfully completed drilling and casing its Hardy S 1A4-16-4B4-9-04-21W2 well (the "Hardy 4-16 well") ahead of schedule. The Bakken formation well was drilled to a vertical depth of approximately 3,504 meters and extended horizontally for approximately 1,320 meters, and is located approximately one-half mile west of the closest producing horizontal Bakken well in the Hardy field. The initial drilling was completed in 18 days instead of 21 days, as originally anticipated. The Company expects to complete a 29-stage fracture stimulation of the well later this month.

Passport Energy Ltd. has executed a formal agreement allowing it to farm in on up to two wells and associated acreage in the Hardy Bakken field in south-eastern Saskatchewan. The company can earn a 25-per-cent interest (subject to applicable royalties) in the new wells by paying 38.5 per cent of the drilling costs associated with each well and fulfilling other obligations.

"We are excited to announce that we have successfully completed the drilling of the 4-16 well ahead of schedule," stated Frank Port, the Company's President and Chief Operating Officer. The completion of the first offset well in the Hardy Field is an important milestone for our company in participation with our partners in Saskatchewan. This is a significant step forward in our plan to increase our revenues through development of this acreage. We are also seeking new opportunities to increase our land base within the Williston Basin."

About Passport Energy Ltd.

Passport Energy is a junior natural resource exploration company focused on the acquisition, exploration, and development of economically viable natural resources, with a focus on Bakken oil and gas projects. The Company currently owns 60% in over 43,000 gross acres of oil and gas leases in "The SweetGrass Arch" Prospect, located in Toole and Pondera Counties, Montana. The SweetGrass Arch prospect has significant gas potential and Bakken oil potential. The Company has entered into a Farm-in Agreement allowing it to earn a 25% interest on up to two wells and associated acreage in the Hardy Bakken Field in south-eastern Saskatchewan, while the Company continues to seek additional oil and gas opportunities.

The Company trades on the CNSX under the trading symbol "PPO".

The CNSX does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please refer to the Company's public documents available on SEDAR (www.sedar.com).

For further information contact:

Frank Port
President & COO - Director
Tel: 1-403-930-4063
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.passportenergy.com

Source: Passport Energy Ltd. (PPO - CNSX)
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