A 2011 TSX Venture 50 Company

Tamarack Valley was
recognized as a TSX Venture 50® company in 2011.

TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.

Tamarack Valley Annual and Special Meeting of Shareholders
Calgary Petroleum Club, McMurray Room
319 - 5th Avenue S.W., Calgary
Date: Thursday, June 13, 2013
Time: 3:30 MDT

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Tamarack Valley Energy Ltd. Announces Board Change

Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) board of directors and management team would like to thank Mr. Sheldon Steeves for his contributions to the Company, as he has resigned from the Board to pursue other business interests. Mr. Steeves has been on the Board of Tamarack since the acquisition of Echoex Ltd. on April 18, 2012.

Tamarack Valley Energy Ltd. Announces 67% Increase to Reserves and Exceeds 2013 Production Guidance with Record Production and Cash Flow

Tamarack Valley Energy Ltd. is pleased to announce the results of its independent reserve evaluation as of December 31, 2013, which include a 67% increase in proved plus probable reserves to 18.684 mmboe, a proved plus probable finding, development and acquisition cost of $23.94/boe and a recycle ratio of 1.65. The Company is also pleased to announce a record quarter production average of 4,336 boe/d for the fourth quarter of 2013, which was an increase of 37% from the previous quarter.

Tamarack Valley Energy Ltd. Closes $60.2 Million Bought Deal Financing

Tamarack Valley Energy Ltd. is pleased to announce that it has closed its previously announced bought deal financing of 14,000,000 common shares at a price of $4.30 per common share for aggregate gross proceeds of $60,200,000. The syndicate of underwriters for the offering was led by Dundee Securities Ltd. and included Clarus Securities Inc., GMP Securities L.P., National Bank Financial Inc., Paradigm Capital Inc., Peters & Co. Limited, AltaCorp Capital Inc. and RBC Dominion Securities Inc.

Tamarack Valley Energy Ltd. Announces Equity Financing

Tamarack Valley Energy Ltd. is pleased to announces that it has entered into a financing agreement with a syndicate of underwriters led by Dundee Securities Ltd. to issue and sell on a "bought deal" basis, 7,000,000 common shares of Tamarack at an issue price of $4.30 per Common Share resulting in gross proceeds of $30,100,000. Proceeds of the offering will be used to initially reduce bank indebtedness and thereafter to partially fund the Company's continuing capital program and for general corporate purposes.

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