NOT FOR DISTRIBUTION IN THE UNITED STATES 

Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased
to announce that it has entered into a purchase and sale agreement (the
"Agreement") to sell its interests in certain petroleum and natural gas
properties (excluding royalty interests), wells and infrastructure located
within the Valhalla and Progress Property boundaries in the Greater Peace River
Arch area and associated Valhalla and Progress petroleum and natural gas assets
to a qualified buyer (the "Transaction") for total proceeds of $20.8 million
(before customary closing adjustments). The Agreement contains customary closing
conditions and the Transaction is expected to close in mid-August, 2014. 


The Transaction crystallizes value for the Corporation's stakeholders and
provides an immediate improvement to Shoreline's balance sheet, as the proceeds
from the asset sale will be used to reduce total corporate indebtedness. 


RBC Capital Markets is acting as financial advisor to Shoreline in connection
with Transaction and the ongoing strategic alternatives review process, which
will continue to provide interested parties the opportunity to pursue
transactions across Shoreline's complete suite of remaining assets. 


Shoreline believes that, given its asset valuation as disclosed in its year-end
financial statements, current strong commodity prices, and the positive
responses to date on its strategic alternatives process, the strategic
alternatives process will provide satisfactory results to stakeholders.  


The Corporation cautions that there are no assurances or guarantees that (i) the
ongoing strategic alternatives process will result in additional transactions;
(ii) if additional transactions are undertaken, the terms or timing of such
transactions will be satisfactory to all stakeholders; or (iii) the ongoing
conditions of the Corporation's forbearance arrangements with its lenders will
be met to the satisfaction of the lenders. 


Investor Information 

Shoreline is a Calgary, Alberta based corporation engaged in the exploration,
development and production of petroleum and natural gas. Shoreline offers
investors a combination of value growth via lower risk development of additional
oil reserves and production on its current lands. The Corporation's common
shares and convertible unsecured subordinated debentures are currently listed on
the TSX under the trading symbols "SEQ" and "SEQ.DB", respectively. Additional
information regarding Shoreline is available under the Corporation's profile at
www.sedar.com or at the Corporation's website, www.shorelineenergy.ca.


Forward Looking and Cautionary Statements 

This news release contains forward-looking statements relating to closing of an
asset sale transaction, successful completion of a strategic alternatives
process, and satisfaction of forbearance conditions. These forward-looking
statements may include opinions, assumptions, estimates and management's
assessment of future plans and operations. 


Forward-looking statements typically use words such as "will," "anticipate,"
"believe," "estimate," "expect," "intend," "may," "project," "should," "plan,"
and similar expressions suggesting future outcomes, and include statements that
actions, events or conditions "may," "would," "could," or "will" be taken or
occur in the future. The forward-looking statements are based on various
assumptions including expectations regarding the nature and success of
negotiations and of a strategic alternatives process; the Corporation's net
debt; increases in production rates; the success of current or future drill
wells; the outlook for petroleum and natural gas prices; estimated amounts and
timing of capital expenditures; estimates of future production; assumptions
concerning the timing of regulatory approvals; the state of the economy and the
exploration and production business; results of operations; business prospects
and opportunities; future exchange and interest rates; the Corporation's ability
to obtain equipment in a timely manner to carry out development activities; and
the ability of the Corporation to access capital and credit. While the
Corporation considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.


Forward-looking statements are subject to a wide range of assumptions, known and
unknown risks and uncertainties and other factors that contribute to the
possibility that the predicted outcome will not occur, including, without
limitation: risks associated with oil and gas exploration, development,
exploitation, production, marketing and transportation; loss of markets;
volatility of commodities prices; currency fluctuations; imprecision of reserves
estimates; environmental risks; competition from other producers; inability to
negotiate acceptable terms with current and future lenders and/or equity
providers; inability to obtain requisite approvals of various stakeholders;
inability to retain drilling rigs and other services; incorrect assessment of
the value of acquisitions; failure to realize the anticipated benefits of
acquisitions; general economic conditions; delays resulting from or inability to
obtain required regulatory approvals and to satisfy various closing conditions;
failure to meet credit facility covenants; and ability to access sufficient
capital from internal and external sources. Readers are cautioned that the
foregoing list of factors is not exhaustive. 


Although Shoreline believes that the expectations represented by such
forward-looking statements are reasonable, there can be no assurance that such
expectations will be realized. As a consequence, actual results may differ
materially from those anticipated in the forward-looking statements and you
should not rely unduly on forward-looking statements. The forward-looking
statements contained in this news release are made as of the date of this news
release. Except as required by applicable law, Shoreline does not undertake any
obligation to publicly update or revise any forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Shoreline Energy Corp.
Mr. Trevor Folk
Chief Executive Officer
tfolk@shorelineenergy.ca
www.shorelineenergy.ca


Calgary Office
Suite 500, 500 - 4th Ave. SW
Calgary, Alberta T2P 2V6
(403) 767-9066