NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Greenfields Petroleum Corporation (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB)
("Greenfields" or the "Company") announces that, pursuant to the terms of the
previously announced loan agreement among an arm's length third party (the
"Lender"), the Company, Greenfields Petroleum Holdings Ltd. and Greenfields
Petroleum International Company Ltd., the Company has issued 151,007 common
shares of the Company to the Lender as bonus shares ("Bonus Shares") as a result
of the achievement on January 10, 2014 of the third of four operational
milestones. The Bonus Shares are subject to a four month hold period under
applicable Canadian securities laws.


The Company intends on continuing its discussions with potential lenders with
respect to eventually replacing the US$25 million loan facility on more
favorable terms with reserve based lending.


About Greenfields Petroleum Corporation

Greenfields is a junior oil and natural gas corporation focused on the
development and production of proven oil and gas reserves principally in the
Republic of Azerbaijan. The Company plans to expand its oil and gas assets
through further farm-ins and acquisitions of Production Sharing Agreements from
foreign governments containing previously discovered but under-developed
international oil and gas fields, also known as "greenfields". More information
about the Company may be obtained on the Greenfields website at
www.greenfields-petroleum.com.


Forward-Looking Statements

This press release contains forward-looking statements. More particularly, this
press release may include, but is not limited to, statements with respect to
obtaining reserve based lending. In addition, the use of any of the words
"initial", "scheduled", "can", "will", "prior to", "estimate", "anticipate",
"believe", "should", "forecast", "future", "continue", "may", "expect", and
similar expressions are intended to identify forward-looking statements. The
forward-looking statements contained herein are based on certain key
expectations and assumptions made by the Company, including, but not limited to,
expectations and assumptions concerning the success of optimization and
efficiency improvement projects, the availability of capital, current
legislation, receipt of required regulatory approval, the success of future
drilling and development activities, the performance of existing wells, the
performance of new wells, general economic conditions, availability of required
equipment and services, weather conditions and prevailing commodity prices.
Although the Company 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 the Company 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, 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, changes in legislation affecting the oil and gas industry and
uncertainties resulting from potential delays or changes in plans with respect
to exploration or development projects or capital expenditures. Additional
information on these and other factors that could affect the Company's
operations and financial results are included under the headings "Risk Factors"
in Greenfield's Annual Information Form, its Management Information Circular and
similar headings in the Company's Management's Discussion & Analysis which may
be viewed on www.sedar.com.


The forward-looking statements contained in this press release are made as of
the date hereof and the Company 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Greenfields Petroleum Corporation
John W. Harkins
Chief Executive Officer
(832) 234-0836


Greenfields Petroleum Corporation
A. Wayne Curzadd
Chief Financial Officer
(832) 234-0835
info@greenfieldspetroleum.com
www.greenfields-petroleum.com
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