Birchcliff Energy Ltd. Announces Marketed Preferred Share Offering

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Birchcliff Energy Ltd. ("Birchcliff" or the "Corporation") (TSX:BIR) is pleased
to announce that it has filed and obtained a receipt for a preliminary short
form prospectus (the "Preliminary Prospectus") in connection with a proposed
marketed offering of cumulative redeemable preferred shares, Series C
("Preferred Shares, Series C") at a price of $25.00 per Preferred Share, Series
C (the "Offering"). Holders of the Preferred Shares, Series C will be entitled
to receive, as and when declared by the Board of Directors, cumulative
dividends, payable quarterly. The Preferred Shares, Series C will not be
redeemable by the Corporation prior to June 30, 2018 and will not be redeemable
by the holders of the Preferred Shares, Series C prior to June 30, 2020, in
accordance with their terms. The Preliminary Prospectus is available on
Birchcliff's website at www.birchcliffenergy.com and on SEDAR at www.sedar.com.


The Preliminary Prospectus was filed in all provinces of Canada, except Quebec,
and the Offering will be conducted through a syndicate of underwriters co-led by
National Bank Financial Inc., Cormark Securities Inc. and GMP Securities L.P.,
on their own behalf and on behalf of CIBC World Markets Inc., RBC Dominion
Securities Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Macquarie
Capital Markets Canada Ltd., Peters & Co. Limited, Stifel Nicolaus Canada Inc.
and Integral Wealth Securities Limited (collectively, the "Underwriters"). An
underwriting agreement has not yet been entered into by the Corporation and the
Underwriters.


The size and final terms of the Offering, including the yield of the Preferred
Shares, Series C will be determined in the context of the market and it is
anticipated that the Corporation will file an amended preliminary short form
prospectus to reflect the terms of the Offering. Net proceeds of the Offering
are anticipated to be used to initially reduce indebtedness under the
Corporation's revolving credit facilities, which will be subsequently redrawn
and applied as needed to fund the Corporation's ongoing exploration and
development programs and for general working capital purposes.


The Offering is scheduled to close on or about June 14, 2013 and is subject to
certain conditions including, but not limited to, completion of a satisfactory
due diligence investigation by the Underwriters, the entry into a mutually
acceptable underwriting agreement by the Corporation and the Underwriters and
the receipt of all necessary third party and regulatory approvals, including the
approval of the Toronto Stock Exchange.


ADVISORIES

This news release does not constitute an offer to sell or a solicitation of an
offer to buy the Preferred Shares, Series C in any jurisdiction. The Preferred
Shares, Series C offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the
United States unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.


The Preliminary Prospectus containing important information relating to these
securities has been filed with securities commissions or similar authorities in
certain jurisdictions of Canada. The Preliminary Prospectus is still subject to
completion or amendment. Copies of the Preliminary Prospectus may be obtained
from National Bank Financial Inc., Cormark Securities Inc., GMP Securities L.P.,
CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., HSBC
Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Peters & Co.
Limited, Stifel Nicolaus Canada Inc. and Integral Wealth Securities Limited.
There will not be any sale or acceptance of an offer to buy the securities until
a receipt for the final short form prospectus has been issued.


Forward-Looking Information: This press release contains forward-looking
information within the meaning of applicable Canadian securities laws.
Forward-looking information relates to future events or future performance and
is based upon the Corporation's current internal expectations, estimates,
projections, assumptions and beliefs. All information other than historical fact
is forward-looking information. In particular, this Press Release contains
forward-looking information relating to the filing of an amended preliminary
short form prospectus, the anticipated use of proceeds of the Offering and the
anticipated closing date of the Offering. The filing of an amended preliminary
short form prospectus assumes satisfactory terms will be obtained in the context
of the marketing. The anticipated closing date of the Offering assumes that
prior to that date, the Corporation will obtain all necessary third party and
regulatory approvals and all applicable pre-conditions will be satisfied,
including the finalization of the terms and conditions of the Offering. The
anticipated use of proceeds assumes that the Offering closes as contemplated and
the board of directors of the Corporation do not allocate the proceeds of the
Offering for alternative purposes.


Undue reliance should not be placed on forward-looking information, as there can
be no assurance that the plans, intentions or expectations upon which they are
based will occur. Although the Corporation believes that the expectations
reflected in the forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. As a consequence,
actual results may differ materially from those anticipated. Forward-looking
information necessarily involves both known and unknown risks. The risk factors
that could render assumptions relating to the Offering invalid are primarily
events beyond the Corporation's control that preclude the Corporation from
satisfying all applicable pre-conditions. 


Additional information on these and other risk factors that could affect
operations or financial results are included in the Preliminary Prospectus dated
May 28, 2013, the Corporation's most recent Annual Information Form and in other
reports filed with Canadian securities regulatory authorities which are
available at www.sedar.com. Forward-looking information is based on estimates
and opinions of management at the time the information is presented. The
Corporation is not under any duty to update the forward-looking information
after the date of this Press Release to conform such information to actual
results or to changes in the Corporation's plans or expectations, except as
otherwise required by applicable securities laws. 


Birchcliff is a Calgary, Alberta based intermediate oil and gas company with
operations concentrated within its one core area, the Peace River Arch of
Alberta. Birchcliff's Common Shares, Cumulative Redeemable Preferred Shares,
Series A and Warrants are listed for trading on the Toronto Stock Exchange under
the symbols "BIR", "BIR.PR.A" and "BIR.WT", respectively.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Birchcliff Energy Ltd.
Jeff Tonken
President and Chief Executive Officer
(403) 261-6401
(403) 261-6424 (FAX)


Birchcliff Energy Ltd.
Bruno Geremia
Vice-President and Chief Financial Officer
(403) 261-6401
(403) 261-6424 (FAX)


Birchcliff Energy Ltd.
Jim Surbey
Vice-President, Corporate Development
(403) 261-6401
(403) 261-6424 (FAX)


Birchcliff Energy Ltd.
Suite 500, 630 - 4th Avenue S.W.
Calgary, AB T2P 0J9
www.birchcliffenergy.com
Birchcliff Energy (TSX:BIR)
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