Calgary, Alberta (FSCwire) - Standard Exploration Ltd. ("Standard" or the "Corporation") (TSX Venture: SDE) is pleased to announce that it has completed a non-brokered private placement of an aggregate of 32,450,000 common shares of Standard issued on a flow-through basis ("Flow-Through Shares") at a price of $0.05 per Flow-Through Share for aggregate gross proceeds of $1,622,500 (the "Offering"). Standard shall incur Canadian Exploration Expense ("CEE") in an amount equal to the gross proceeds of the Offering and renounce the CEE to the subscribers for the Flow-Through Shares effective for the 2014 taxation year.

In connection with the Offering, Standard paid a cash commission of $65,650 to a qualified non-related party. Completion of the Offering is subject to regulatory approval including, but not limited to, the final approval of the TSX Venture Exchange Inc. The Flow-Through Shares issued are subject to a four month hold period from the date of the closing of the Offering.

FOR FURTHER INFORMATION PLEASE CONTACT:

Standard Exploration Ltd.

Tom MacKay, CEO or Vince Ghazar, CFO

Office: (403) 262-4450

www.standardexploration.com

The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange. The Corporation's public filings may be found at www.sedar.com.

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.

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to Standards ability to obtain necessary approvals from the TSX Venture Exchange. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation's disclosure documents on the SEDAR website at www.sedar.com.  The Corporation does not undertake to update any forward looking information except in accordance with applicable securities laws.

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