Junex Records a Steady Rate of 316 Barrels of Oil Per Day in its Galt No. 4 Horizontal Well

QUEBEC CITY, QUEBEC--(Feb 23, 2015) - Junex Inc. (TSX VENTURE:JNX) ("Junex" or the "Company") is very pleased to announce that a steady production rate of 316 barrels of oil per day ("BOPD") was recorded over the most recent five days of its latest phase of production testing in its Galt No. 4 Horizontal well. This phase started on February 9, 2014, with the maximum oil production rate over a 24-hour period since this date attaining 396 BOPD.

"Respecting our plan published in our February 2^nd press release, we proceeded with our oil production testing program and removed the restriction in our surface pumping equipment. Once again, our milestone oilwell responded beyond our expectations and attained a steady rate of 316 BOPD, which is substantially greater than the 161 BOPD rate published in our January 27^th press release. Furthermore, the well's pressure regime demonstrates the large extent of this oil accumulation." stated Mr. Peter Dorrins, Junex's President & Chief Executive Officer.

Mr. Dorrins continued: "As we progress further in this production test according to our plan, various pumping parameters will be adjusted to confirm what the optimal production rate would be. While it is premature to confirm what this optimal rate might be, be it ultimately higher or lower than the current rate, all of the results seen since the well has been drilled demonstrate the significance of our oil discovery. To re-emphasize, to the best of our knowledge, this 316 BOPD oil production rate is the highest oil production rate seen so far in Quebec and, according to our calculations, translates into a commercial oil production rate even at today's oil price. "

Over a three-day period at the beginning of this latest phase of testing, the well flowed naturally and unassisted by the pump at a deliberately-restricted rate of 85 BOPD. The pump was then started and was in operation thereafter. During this latter period, various pumping parameters were adjusted and ultimately Junex sequentially increased the rate to a steady production rate of 316 BOPD measured over the latest five-day period.

A total volume of 2,723 barrels of light, sweet crude oil has been produced so far during this second phase of production testing of our oil discovery in the first horizontal oil exploration well ever drilled by industry in Quebec. No hydraulic fracturing operation of this conventional reservoir was performed in this well.

This discovery well was horizontally drilled from the existing Galt No. 4 Vertical wellbore to a total measured depth of 2,400 meters, of which 1,503 meters was drilled within the oil reservoir. Numerous significant oil shows associated with fracture porosity recorded during drilling and results from downhole well logging clearly indicate that the oil reservoir is intensely fractured and that the Galt No. 4 Horizontal well intersected the near-vertical natural fractures at an optimum angle of approximately 90 degrees, as forecast in the original well design.