Contact Announces Approval of Advance Notice By-Law

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is
pleased to announce that the board of directors (the "Board") of Contact has
approved amendments to the Company's standard by-laws. The amendments include
certain housekeeping amendments to update the by-laws to current standards, as
well as the adoption of an advance notice by-law (the "Advance Notice By-law").
The Advance Notice By-law sets forth provisions requiring advance notice to the
Company in circumstances where nominations of persons for election to the Board
are made by shareholders of the Company other than pursuant to: (i) a "proposal"
made in accordance with section 136(1) of the Business Corporations Act
(Alberta) (the "Act"); or (ii) or a requisition of the shareholders made in
accordance with section 142(1) of the Act. More specifically, the Advance Notice
By-law fixes a deadline by which holders of record of common shares of Contact
must submit director nominations to the Chief Executive Officer of the Company
prior to any annual or special meeting of shareholders and sets forth the
specific information that a shareholder must include in the written notice to
the Chief Executive Officer of the Company for an effective nomination to occur.
No person will be eligible for election as a director of the Company unless
nominated in accordance with the provisions of the Advance Notice By-law.


In the case of an annual general meeting of shareholders, notice to the Chief
Executive Officer of the Company must be made not less than 30 nor more than 65
days prior to the date of the annual general meeting of shareholders; provided,
however, that in the event that the annual general meeting of shareholders is to
be held on a date that is less than 50 days after the date (the "Notice Date")
on which the first public announcement of the date of the annual meeting was
made, notice by the nominating shareholder may be made not later than the close
of business on the tenth (10th) day following the Notice Date. 


In the case of a special meeting (which is not also an annual general meeting)
of shareholders called for the purpose of electing directors (whether or not
called for other purposes), notice to the Chief Executive Officer of the Company
must be made not later than the close of business on the fifteenth (15th) day
following the day on which the first public announcement of the date of the
special meeting of shareholders was made. 


The amended by-laws of the Company, including the Advance Notice By-law, are now
effective and in full force and effect. The amended by-laws and the Advance
Notice By-law will be put to shareholders of the Company for approval at its
upcoming annual general and special meeting of shareholders scheduled for
September 26, 2013. If either the amended by-laws or the Advance Notice By-law
are not confirmed at the meeting by ordinary resolution of shareholders, the
by-laws, or Advance Notice By-law, as applicable will terminate and be of no
further force and effect following the termination of the shareholders meeting. 


The full text of the amended by-laws, including the Advance Notice By-law, are
available via SEDAR at www.sedar.com or upon request by contacting the Chief
Executive Officer of the Company at (403) 771-1091 or by email at
sharding@contactexp.com.


About Contact Exploration Inc. 

Contact Exploration Inc. is a public oil and gas company which has a long-term
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.


Forward Looking Information and Statements

This press release contains forward looking statements. More particularly, this
press release contains statements concerning the anticipated date of the
Company's annual general and special shareholders meeting and the anticipated
shareholder approval of the amended by-laws and Advance Notice By-law. Although
Contact believes that the expectations reflected in these forward looking
statements are reasonable, undue reliance should not be placed on them because
Contact can give no assurance that they will prove to be correct. Since forward
looking statements address future events and conditions, by their very nature
they involve inherent risks and uncertainties. The Company's annual general and
special meeting may be delayed. Shareholders may not approve the amended by-laws
and/or Advance Notice By-law. Accordingly, there is a risk that the amended
by-laws and/or Advance Notice By-law will only be in force for a brief period of
time. 


The forward looking statements contained in this press release are made as of
the date hereof and Contact undertakes no obligation to update publicly or
revise any forward looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Contact Exploration Inc.
Steve Harding
President and CEO
(403) 771-1091
(403) 695-3915 (FAX)
sharding@contactexp.com
www.contactexp.com
Contact Exploration Inc. (TSXV:CEX)
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