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October 06, 2014 08:00 ET

Contact Exploration Announces New VP Finance & CFO

CALGARY, ALBERTA--(Marketwired - Oct. 6, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce the appointment of Mr. Chad Kalmakoff as Vice President, Finance & Chief Financial Officer effective today.

Mr. Kalmakoff brings extensive financial experience, most recently as Vice President, Finance and CFO with Corinthian Exploration Corp., a successful private oil and gas company acquired by Legacy Oil + Gas Inc. earlier in 2014. Prior thereto, Mr. Kalmakoff was Vice President, Finance and CFO at Pace Oil & Gas Ltd., a publicly traded oil and gas company that merged with AvenEx Energy Corp. and Charger Energy Corp. to form Spyglass Resources Corp. in early 2013. Prior to his role at Pace Oil & Gas Ltd., Mr. Kalmakoff held the Vice President, Finance and Financial Controller positions at Midnight Oil Exploration Ltd. and its predecessor companies after receiving his Chartered Accountant designation while at KPMG LLP.

The Board of Directors of Contact would like to express their sincere appreciation to outgoing CFO Mr. Ian Thomson for his dedication and hard work with Contact. Mr. Thomson has been with Contact since January 2008 and his insight and resourcefulness during that period has been integral to the Company's success. Mr. Thomson will remain as a Financial Consultant to the Company.

About Contact Exploration Inc.

Contact Exploration Inc. is a publicly traded oil and gas company with a long 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

Neither 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.