Taylor Hill Exploration Ltd. (“Taylor Hill”) has acquired a 100% working interest in petroleum and natural gas rights in 9,280 acres (14.5 Sections) of land within the Slave Point Horizontal oil fairway which is being made available to the industry. The company owns twenty (20) P&NG leases and licences that are located on the trend. Average remaining lease term is long with most lands expiring in 2015 and 2017.

The Slave Point/ Swan Hills Horizontal oil prospect in Northern Central Alberta has resulted in impressive production additions recently through the application of horizontal drilling and multistage fracing. The industry is targeting carbonates in the Waterways Basin which previously did not produced at commercial rates. One major financial institution has indicated that the application of these drilling and completion techniques to the old conventionally developed oil pools in the Swan Hills/ Slave Point could make an additional 2.5 Billion barrels of oil-in-place a viable target to be developed. Companies that are active on the play include Pinecrest Energy, Crescent Point, Surge Energy, Lone Pine Resources, Black Swan, Renegade and PetroBakken.

Taylor Hill Exploration Ltd.’s land holdings in the Slave Point light oil fairway could give new entrants into the play a noticeable presence or increase the exposure to any company currently active on the trend.

Please contact Steve Benediktson, P. Geol (Ph. 403-256-5653) or Greg Johnson P. Land (Ph. 403-630-1455) if additional information is required.