New Zealand Energy Corp. ("NZEC" or "the Company") (TSX VENTURE:NZ)(OTCQX:NZERF)
today announced that the Company has been granted a 943.7 acre (3.819 km2)
Petroleum Mining Permit ("Copper Moki Mining Permit") in the Taranaki Basin. The
Copper Moki Mining Permit (PMP 55491) has been carved out of NZEC's 100%-owned
Eltham Exploration Permit (PEP 51150) to encompass NZEC's Copper Moki and
Waitapu oil discoveries. 


"Receiving the Copper Moki Mining Permit is an important milestone for NZEC,
ensuring that the Company can continue to produce oil and gas from existing
wells that are generating significant income for NZEC," said John Proust, Chief
Executive Officer and Director of NZEC. 


The Copper Moki Mining Permit gives NZEC the right to produce oil and natural
gas from the Moki, Mt. Messenger and Urenui formations for a period of eight
years, with the option to extend the permit. NZEC currently has four producing
oil wells on the Copper Moki Mining Permit: Copper Moki-1, Copper Moki-2, Copper
Moki-3 (currently shut-in pending installation of a new pump) and Waitapu-2.
Collectively, the wells have produced more than 275,672 barrels of oil since
Copper Moki-1 commenced production in December 2011. As a condition of the
permit, NZEC has agreed to build an approximately 1.3-km gas pipeline within 18
months, connecting the Waitapu site to existing pipeline infrastructure. 


The remaining acreage of the Eltham Exploration Permit totals 46,444.2 acres
(187.953 km2), of which approximately 40,389 acres is onshore. NZEC's net
property portfolio comprises 97,629.9 acres (395.1 km2) in the main production
fairway of the Taranaki Basin, and 1,048,406.3 acres (4,242.8 km2) in the East
Coast Basin of New Zealand's North Island.


On behalf of the Board of Directors

John Proust, Chief Executive Officer & Director 

About New Zealand Energy Corp.

NZEC is an oil and natural gas company engaged in the production, development
and exploration of petroleum and natural gas assets in New Zealand. NZEC's
property portfolio collectively covers approximately 1.15 million acres of
conventional and unconventional prospects in the Taranaki Basin and East Coast
Basin of New Zealand's North Island. The Company's management team has extensive
oil and gas exploration and operations experience in New Zealand. NZEC plans to
execute a technically disciplined exploration and development program focused on
the onshore and offshore oil and natural gas resources in the politically and
fiscally stable country of New Zealand. NZEC is listed on the TSX Venture
Exchange under the symbol NZ and on the OTCQX International under the symbol
NZERF. More information is available at www.newzealandenergy.com or by emailing
info@newzealandenergy.com.


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


This document contains certain forward-looking information and forward-looking
statements within the meaning of applicable securities legislation (collectively
"forward-looking statements"). The use of the word "would need", "advancing",
"could be", "continue", and similar expressions are intended to identify
forward-looking statements. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward-looking statements
including, without limitation, the speculative nature of exploration, appraisal
and development of oil and natural gas properties; uncertainties associated with
estimating oil and natural gas reserves and resources; uncertainties in both
daily and long-term production rates and resulting cash flow; volatility in
market prices for oil and natural gas; changes in the cost of operations,
including costs of extracting and delivering oil and natural gas to market, that
affect potential profitability of oil and natural gas exploration and
production; the need to obtain various approvals before exploring and producing
oil and natural gas resources; exploration hazards and risks inherent in oil and
natural gas exploration; operating hazards and risks inherent in oil and natural
gas operations; the Company's ability to generate sufficient cash flow from
production to fund future development activities; the Company's ability to find
a suitable farm-in partner; market conditions that prevent the Company from
raising the funds necessary for exploration and development on acceptable terms
or at all; global financial market events that cause significant volatility in
commodity prices; unexpected costs or liabilities for environmental matters;
competition for, among other things, capital, acquisitions of resources, skilled
personnel, and access to equipment and services required for exploration,
development and production; changes in exchange rates, laws of New Zealand or
laws of Canada affecting foreign trade, taxation and investment; failure to
realize the anticipated benefits of acquisitions; and other factors as disclosed
in documents released by NZEC as part of its continuous disclosure obligations.
Such forward-looking statements should not be unduly relied upon. The Company
believes the expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations will prove to
be correct. Actual results could differ materially from those anticipated in
these forward-looking statements. The forward-looking statements contained in
the document are expressly qualified by this cautionary statement. These
statements speak only as of the date of this document and the Company does not
undertake to update any forward-looking statements that are contained in this
document, except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
New Zealand Energy
John Proust
Chief Executive Officer & Director
North American toll-free: 1-855-630-8997


New Zealand Energy
Rhylin Bailie
Vice President Communications & Investor Relations
North American toll-free: 1-855-630-8997
info@newzealandenergy.com
www.newzealandenergy.com
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