WIND RIVER ENERGY CORP V.WVR

Press Release

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Wind River Energy Corp. Markets Royalty Interests in Day Butte Project

This Press Release is not for dissemination in the United States

Denver, Colorado US, February 15, 2012 /FSC/ - Wind River Energy Corp. (WVR - TSX Venture)("Wind River" or the "Company") announced today that it is marketing royalty interests in its Day Butte high BTU gas project in Wyoming. A third party reserve report (see 51-101F1 report released on January 30, 2012 on www.sedar.com) estimates the property has an NPV10 value of $10.5 million in proven and probable reserves in the smaller, original, Wind River leasehold plus an additional NPV10 value of $142.7 million in possible reserves, for a total of $153 million in NPV-10 value (NPV-10 is defined as the net present value of estimated recoverable reserves, discounted at 10% per year over the life of the property, giving a present value of future production. Net present value does not necessarily equate to fair market value.)

Wind River's Day Butte project is 1,578 acres in size, has the potential to support 20 wells on 80 acre per well spacing (or 79 wells on a less conservative 20 acre per well spacing) and each well has 12 to 15 probable production zones. The first indicative well has produced premium priced, high BTU gas due to the presence of liquids, giving future Wind River production a low breakeven cost base, enabling profitable production even with the current low gas prices. Wind River has applied for two additional drilling permits on its leasehold, and Encana, Noble Energy and ConocoPhillips have announced major development plans (up to 4,200 wells) in the immediate area, surrounding Wind River's leaseholds. The Day Butte project has now progressed enough to attract third party purchasers of royalty interests in the project.

"We were considering ways to accelerate value extraction from our Day Butte project that would not damage the project's longer term value while Encana proceeds with its application to the federal government for approval of a federal development unit, a unit which surrounds our leaseholds. Incremental sales of royalty interests in Day Butte, a project that has several economic advantages over other gas projects, is one of those ways and we have identified third parties who have expressed an interest in purchasing royalty interests," said Alan O'Hare, CEO, Wind River Energy Corp.


About Wind River Energy Corp.:

Wind River is an oil and gas acquisition, exploration and development company with a focus on domestic energy projects within the United States. Wind River has two gas projects in Wyoming and three oil projects located in Colorado/New Mexico, Kansas and Montana. In total, Wind River holds 67,745 gross acres of leased oil and gas properties, giving the company ownership of resources in the Bakken / Three Folks, Nisku, Niobrara, Greenhorn, Mississippian and other formations.

For further information, please visit Wind River's website at https://www.windriverenergy.com/ or contact:

Paul Cox, Director
Wind River Energy Corp.
1010-609 Granville Street
Vancouver, BC V7Y 1G5
T: [phone]
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