Anderson Energy Ltd. provides the following update on its operations and key results of its year end reserves evaluation. The Company continues to focus on its Cardium light oil assets:

• 75% of proved plus probable BOE reserves volumes are from the Cardium formation; • 90% of proved plus probable pre-tax NPV 10% reserves value is from the Cardium formation; • 55% of current BOE production is from Cardium properties; • 148 additional net Cardium locations (97% Company operated) have been identified; and • slickwater frac technology has significantly improved initial production rates for wells drilled in the Cardium formation.

WINTER DRILLING PROGRAM

Anderson has completed its winter drilling program with 6 gross (4.3 net revenue) Cardium oil wells drilled, completed and on production. The Company has completed all of its drilling commitments on third party lands. Wells were drilled in the Ferrier, Willesden Green, Garrington and Buck Lake project areas. Drilling and completion costs were approximately $2.3 million per well in this program.

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