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True North Energy Corporation Wins Auction for Royalty Interest in Woodford Shale Formation Located in Payne County, Oklahoma

Sep 18, 2014

OTC Disclosure & News Service

- True North Energy Corporation Wins Auction for Royalty Interest in Woodford Shale Formation Located in Payne County, Oklahoma

True North Energy Corporation Wins Auction for Royalty Interest in Woodford Shale Formation Located in Payne County, Oklahoma

PR Newswire

SPRING, Texas, Sept. 18, 2014 /PRNewswire/ -- True North Energy Corporation ("True North") (OTC Pink: TNEN) today is pleased to announce it received $50,000 in new funding. Through its newly established wholly-owned subsidiary, TN Energy, Inc. (the anticipated establishment of which was described in a previous press release) has won an auction and acquired a 0.051416% royalty interest in the producing wellbore of the K Farm 9-18N-1W #1WH located in Section 9-T18N-R1W, Payne County, Oklahoma. Operated by Devon Energy Corporation of Oklahoma City, Oklahoma.  Over the past five (5) months, the well has produced an average of approximately 116 barrels of oil per day (BOPD) and 308,000 cubic feet per day of natural gas (MCFPD).

About True North Energy Corporation

Traditionally, True North Energy Corporation has been engaged in the identification, acquisition and development of oil and gas properties and holds overriding royalty interests on properties located in Colorado and Texas. True North is headquartered in Spring, Texas with a wholly-owned Hong Kong subsidiary. For further information about True North, please visit www.tnencorp.com.

This press release may contain forward-looking statements, including information about management's view of True North's future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release, other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of True North, its divisions and concepts to be materially different than those expressed or implied in such statements. The forward-looking statements included in this press release are made only as of the date hereof. True North cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, True North undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by True North.

SOURCE True North Energy Corporation

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