PSA Purpose High Interest Savings Fund

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES. 


Border Petroleum Limited (TSX VENTURE:BOR) ("Border" or the "Corporation") is
pleased to announce the entering into of an asset purchase agreement, the
appointment of a Vice President, Production, a proposed private placement and
the grant of options, all as further detailed below.


The Acquisition

Border has entered into a purchase and sale agreement dated July 31, 2014
("PSA") with a private, arm's length Calgary based junior oil and gas company,
whereby the Corporation will acquire certain oil and gas assets (the "Producing
Assets") for a purchase price of $2,800,000 payable in cash. The Producing
Assets are located in the Chip Lake, Royce, Mulligan and Blueridge areas of
North/North Central Alberta and as of the effective date of June 1, 2014
produced approximately 160 bbls of oil equivalent per day comprised of 40
bbls/day of light oil, 25 bbls/d of NGL's and approximately 575 mcf/d of natural
gas (the "Acquisition"). The Acquisition provides Border with additional
development opportunities in the Charlie Lake, Belly River and Rock Creek
formations insofar as management of Border has identified low risk development
opportunities in these areas via existing well recompletions and low risk
development drilling locations. 


Officer Appointment

Border announces that Mr. Russell Tracy, P. Eng. has been appointed to the
position of Vice President, Production, subject to TSX Venture Exchange
approval. Mr. Tracy was recently the Production Engineer of CanEra Energy and
prior thereto had roles in Production & Operations at NAL Resources and Canadian
Forest Oil Ltd. Mr. Tracy brings a total of 10 years of direct, field and
production related experience to Border.


Private Placement

Border announces that it intends to complete a private placement of common
shares of the Corporation issued on a flow-through basis pursuant to the Income
Tax Act (Canada) (the "Flow-Through Shares") at a price of $0.06 per
Flow-Through Share and units ("Units") of the Corporation at a price of $0.05
per Unit. Each Unit will be comprised of one common share of the Corporation
(the "Common Shares") and one-half of a share purchase warrant (the "Warrant").
Each full Warrant will entitle the holder to acquire one additional Common Share
at a price of $0.06 per share for a period of 2 years (the "Private Placement").
Total gross proceeds from the issuance of the Common Shares and Flow-Through
Shares will be between $1,500,000 and $1,800,000 depending on the split of
subscriptions received for Common Shares or Flow-Through Shares, with a maximum
of 30,000,000 shares being issued in total in respect of the Private Placement.
The Flow-Through Shares and Common Shares will be issued utilizing exemptions
from the prospectus requirements and will be subject to a four month hold period
from the date of issuance. The net proceeds of the Private Placement will be
used to further development opportunities that have been identified on the
Producing Assets, as well as to fund potential additional acquisitions that have
been identified over the past few months. The Corporation will not be paying a
finder's fee in relation to the Acquisition and does not intend to pay
commission in respect of the Private Placement.


Grant of Options

The Corporation also announces that it has granted 2,700,000 options ("Options")
to officers, directors, employees and consultants. Each Option entitles the
holder to acquire one Common Share at a price of $0.06 per Common Share for a
period of 5 years. One third of the Options will vest immediately and the
remaining Options will vest as to 1/3 on each of the first and second year
anniversaries of the date of grant.


The Acquisition, Private Placement, Officer Appointment and Option Grant remain
subject to TSX Venture Exchange approval.  


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


As used in this press release, "boe" or "bbls of oil equivalent per day" means
barrel of oil equivalent on the basis of 6 mcf of natural gas to 1 bbl of oil.
Boe may be misleading, particularly if used in isolation. A boe conversion ratio
of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead. 


Forward-Looking Statements

Certain statements in this news release, including statements regarding Border's
intended use of proceeds from the Private Placement, constitute forward-looking
statements. The forward-looking statements contained in this document are based
on certain key expectations and assumptions made by Border, including with
respect to, expectations and assumptions concerning timing of receipt of
required regulatory approvals with respect to the Acquisition and Private
Placement. Although Border believes that the expectations and assumptions on
which the forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because Border can give
no assurance that they will prove to be correct.


Since forward-looking statements address future events and conditions, by their
very nature they involve inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks. These include, but are not limited to, the failure to obtain
necessary regulatory approvals, risks associated with the oil and gas industry
in general (e.g., operational risks in development, exploration and production;
delays or changes in plans with respect to exploration or development projects
or capital expenditures; the uncertainty of reserve estimates; the uncertainty
of estimates and projections relating to production, costs and expenses, and
health, safety and environmental risks), commodity price and exchange rate
fluctuations and uncertainties resulting from potential delays or changes in
plans with respect to exploration or development projects or capital
expenditures. 


The forward-looking statements contained in this document are made as of the
date hereof and Border undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Border Petroleum Limited
Al Kroontje
(403) 539-4447


Border Petroleum Limited
2000, 840 - 7th Avenue SW
Calgary, AB T2P 3G2

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