BOR Border Petroleum Limited

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.


Border Petroleum Corp. ("Border" or the "Corporation") (TSX VENTURE:BOR) is
pleased to announce that it has spudded its second Slave Point horizontal well
in the Red Earth area of northwestern Alberta pursuant to a permit covering
18,560 acres of Loon River Cree Nation Lands. As per the Corporation's initial
horizontal well announced on February 23, 2012 (currently in the horizontal
section), Border plans to drill its second Slave Point well to a true vertical
depth of approximately 1,400 meters plus a minimum 500 meter horizontal leg.
Subject to weather and the availability of services, Border plans to complete
both Slave Point horizontal wells this month utilizing multi-stage fracturing
technology.


Forward-Looking Statements

The forward-looking statements contained in this document are based on certain
key expectations and assumptions made by Border. Although Border 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 Border 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, the failure to obtain
necessary regulatory approvals, 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 and uncertainties resulting from potential delays or changes in
plans with respect to exploration or development projects or capital
expenditures. 


The forward-looking statements contained in this document are made as of the
date hereof and Border 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.

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