CEX Contact Exploration Inc.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Contact Exploration Inc. (TSX VENTURE:CEX) announces that it has filed its
unaudited Condensed Interim Consolidated Financial Statements for the three and
nine month periods ended December 31, 2012 and the related Management's
Discussion and Analysis on www.sedar.com. 


Increased Credit Facilities

Based on a recent production review, Contact's financial institution, Canadian
Western Bank, has increased the Credit Facilities being offered to the Company
to a $3 million credit facility and a non-revolving acquisition or development
loan of $1.5 million effective March 1, 2013. This represents a $1 million
increase on the main credit facility and $500,000 increase to the acquisition or
development loan which the Company previously had in place. The remainder of the
terms and conditions remain consistent with previous agreements and both
facilities remain undrawn.


About Contact Exploration Inc. 

Contact Exploration Inc. is a public oil and gas company which has a long-term
history of operating in Atlantic Canada and has recently demonstrated success in
Alberta's liquids-rich Montney Formation tight gas play. For more information,
please see the Company's website: www.contactexp.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Contact Exploration Inc.
Steve Harding
President and CEO
(403) 234-8663
(403) 695-3915 (FAX)
sharding@contactexp.com
www.contactexp.com

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