OPERATIONS UPDATE AND RELEASE OF Q2 FINANCIALS

About this update from Vital Energy Inc.

Jul. 5, 2011 (Canada NewsWire Group) -- #ReleaseContent TABLE { BORDER-COLLAPSE: collapse } TR.cnwUnderlinedCell TD { BORDER-BOTTOM: #000000 1px solid } TR.cnwDoubleUnderlinedCell TD { BORDER-BOTTOM: #000000 3px double } TR.cnwBoldUnderlinedCell TD { BORDER-BOTTOM: #000000 3px solid } TD.cnwUnderlinedCell { BORDER-BOTTOM: #000000 1px solid } TD.cnwDoubleUnderlinedCell { BORDER-BOTTOM: #000000 3px double } TD.cnwBoldUnderlinedCell { BORDER-BOTTOM: #000000 3px solid } #ReleaseContent TABLE.cnwBorderedTable TD { BORDER-RIGHT: black 1px solid; PADDING-RIGHT: 2px; BORDER-TOP: black 1px solid; PADDING-LEFT: 2px; PADDING-BOTTOM: 2px; BORDER-LEFT: black 1px solid; PADDING-TOP: 2px; BORDER-BOTTOM: black 1px solid; BORDER-COLLAPSE: collapse } #ReleaseContent TABLE TD { PADDING-RIGHT: 2px; PADDING-LEFT: 2px; PADDING-BOTTOM: 2px; PADDING-TOP: 2px } CALGARY, July 5, 2011 /CNW/ - Jeffrey Standen, President and CEO of Sundance Energy Corporation ("Sundance") (TSXV - "SNY") would like to provide the following update on its planned drilling activities on its various properties located in the Province of Saskatchewan: Redford, Central Saskatchewan - In July, 2011, Sundance will re-complete a well that previously indicated by-passed oil in the McLaren formation. If successful, this project has significant development potential. Sundance has a 100% interest in 1.25 sections in this area. Ochapowace First Nation, S.E. Saskatchewan - Sundance holds a 100% interest in approximately 40,000 contiguous acres on this property with extensive 2D and 3D seismic coverage. Sundance intends to drill two to four wells in July and August 2011. Data indicates that this prospect has multi-zone oil and gas potential from the Second White Specks, Shaunavon, Torquay and Bakken formations.  This property is located approximately 12 miles north and west of the Wapella area, which to date has produced over 100 million barrels of oil, and is generally located in close proximity to numerous other producing pools, most notably the Rocanville Bakken formation play and the more recently discovered Burrows Red Jacket formation play.  Active issuers in this area include Crescent Point Energy (CPG-T), Petrobakken Energy (PBN-T), Renegade Petroleum (RPL-V) and Reliable Energy (REL-T). Muskowekwan First Nation, S.E. Saskatchewan - Sundance will drill two wells on this property in August and September 2011. Sundance holds a 100% interest in approximately 17,000 contiguous acres with extensive 2D and 3D seismic coverage. Data indicates that this prospect has multi-zone oil and gas potential from the Second White Specks, Shaunavon, Torquay and Bakken formations. Poundmaker First Nation, Central Saskatchewan - Sundance holds a 100% interest in this Cummings oil prospect which seismic and well control data indicates is analogous to an adjacent Carruthers producing oil field owned by Baytex Energy (BTE-T), which has produced over 10 million barrels of oil to date. Sundance will drill one well on this prospect in September/October 2011. Q2 Financials Sundance also announces that it has filed its second quarter Financial Statements and Management Discussion and Analysis for the six months ended April 30, 2011 on SEDAR. (www.sedar.com). Stock Options Sundance also announces that the Board of Directors has authorized the issuance of 4,325,000 incentive share options to directors, employees and consultants of the Corporation in accordance with the Corporation's Stock Option Plan. The options are exercisable at a price of $.50 per share for a period of five years. About Sundance Sundance is a well financed and newly publicly trading junior oil and gas explorer whose primary focus is on First Nation lands in Western Canada. Sundance currently owns 70,000 gross and net acres in the S.E. Saskatchewan First Nations Project Area. The common shares trade on the TSX Venture Exchange under the symbol "SNY". Cautionary Statement: Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are exploration risks detailed from time to time in the filings made by the Corporation with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Sundance. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Sundance does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law. Jeffrey Standen, President and Chief Executive Officer Tel:  (403) 538-8446 Fax:  (403) 444-5042 Website:  www.sundance-energy.ca

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