Birchcliff Energy Ltd. Announces Closing of $50 Million Preferred Share Offering

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


Birchcliff Energy Ltd. (TSX:BIR) ("Birchcliff" or the "Corporation") is pleased
to announce that it has closed its previously announced marketed offering by way
of short form prospectus, of two million Cumulative Redeemable Preferred Shares,
Series C ("Preferred Shares, Series C"), with a 7% yield, at a price of $25.00
per Preferred Share, Series C, for gross proceeds of $50,000,000 (the
"Offering").


Holders of Preferred Shares, Series C will be entitled to receive, as and when
declared by the Board of Directors, cumulative annual dividends of $1.75 per
Preferred Share, Series C, 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 Offering was 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.


Net proceeds of the Offering will 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.


Advisories

This press 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.


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 anticipated use of proceeds of the
Offering. The anticipated use of proceeds assumes that 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 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 (final) short form
prospectus dated June 7, 2013 and 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


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


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