News & Events

Exchange Bulletin

Kelt Exploration Ltd. To Trade On Toronto Stock Exchange

February 27, 2013

Kelt Exploration Ltd. (the “Company”) - An application has been granted for the original listing in the Oil and Gas category of 73,838,738 common shares, of which 67,126,126 common shares will be issued and outstanding and 6,712,612 common shares will be reserved for issuance.

The common shares of the Company will be listed and posted for trading at the opening on Friday, March 1, 2013. On Tuesday, February 26, 2013, the Company completed a plan of arrangement (the “Arrangement”) involving, among others, the Company, Celtic Exploration Ltd. (“Celtic”) and ExxonMobil Canada Ltd. Pursuant to the Arrangement, Celtic shareholders received for each common share held: (i) $24.50 in cash; and (ii) one-half of one common share of the Company. See elsewhere in today's TSX Bulletins regarding the delisting of Celtic.

The Company will be subject to the reporting requirements of Section 501 of the TSX Company Manual.

Stock Symbol: “KEL” CUSIP: 488295 10 6 Trading Currency: CDN$

Temporary Market Maker:W.D. Latimer Co. Ltd.

Other Markets:None.

Head Office
Address:Suite 600, West Tower, 321 6th Avenue SW
Calgary, AB T2P 3H3


Head Office
Telephone Number:(403) 201-9153

Fax Number:(403) 201-9163

Investor Relations
Contact:David J. Wilson
Tel: (403) 201-5340

Incorporation:The Company was incorporated on October 11, 2012, pursuant to the Business Corporations Act (Alberta) and on October 19, 2012, its articles were amended to change its name to “Kelt Exploration Ltd.”

Fiscal Year End:December 31

Chief Financial OfficerSadiq H. Lalani

Corporate Secretary:William C. Guinan

Nature of Business:Following the Arrangement, the Company will be engaged in the exploration for, and the acquisition, development and production of crude oil and natural gas reserves, primarily in the provinces of Alberta and British Columbia.

Transfer Agent &
Registrar:Valiant Trust Company at its principal offices in Calgary and Toronto.

Dividends:The Company has not declared or paid any dividends on its common shares since incorporation. The Company does not anticipate the payment of any dividends on its common shares in the immediate future.”