Calgary, Alberta (FSCwire) - Standard Exploration Ltd. (“Standard” or the “Corporation”) (TSX VENTURE: SDE) announces that further to its press release dated May 20, 2014, the Corporation is herein providing an update with respect to the Farmin Agreement with a large oil company. The Farmout Lands are located in southern Alberta in Townships 1 & 2, Ranges 18 & 19 W4M and the prospective zone is the lower Mississippian at depths ranging up to 1,400 metres. Based on geologic mapping and a thorough interpretation of seismic data, Standard plans to drill two vertical wells before the end of the year. With positive results, Standard will drill a horizontal leg of at least 500 metres for each of the vertical well(s). The Farmin lands are located 15 kilometres southwest of the Ferguson Oil Field currently being developed in the Lower Mississippian.

FOR FURTHER INFORMATION PLEASE CONTACT:

Standard Exploration Ltd.

Tom MacKay, CEO or Vince Ghazar, CFO

Office: (403) 262-4450

www.standardexploration.com

The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange. The Corporation’s public filings may be found at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that terms is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to operations and seismic. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information.  A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation's disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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