Early Warning Report Regarding Jura Energy Corporation

Eastern Petroleum Limited ("EPL") announces that it has been issued 50,659,076
post-consolidation common shares (the "Jura Shares") in the capital of Jura
Energy Corporation ("Jura"), representing approximately 73.3% of the issued and
outstanding Jura Shares, in connection with the completion of Jura's acquisition
of EPL's former subsidiary Spud Energy Pty Limited ("Spud"), a private oil and
gas company with operations in Pakistan, pursuant to a previously announced
acquisition agreement dated November 23, 2011, as amended (the "Acquisition"). 


Following the Acquisition and related share issuance to EPL, EPL holds
50,659,076 Jura Shares, representing approximately 73.3% of the issued and
outstanding Jura Shares. 


EPL was issued the Jura Shares in connection with the Acquisition to acquire
control of Jura and combine the operations of Jura and Spud. The Jura Shares
were issued to EPL in exchange for all the shares in the capital of Spud. The
Jura Shares have a current market value of $0.45 based on the closing price of
the Jura Shares on July 10, 2012 (on a post-consolidation basis) and may be
considered to have a value of $1.00 per Jura Share based on a private placement
financing completed by Jura concurrently with completion of the Acquisition. EPL
currently has no intention to acquire ownership of, or control over, additional
securities of Jura. Subject to compliance with applicable securities laws, stock
exchange requirements and contractual restrictions, EPL may purchase or sell
securities of Jura in the future depending on market conditions and other
factors material to its investment decisions, or it may distribute the Jura
Shares to its shareholders.


The Acquisition was made in reliance on the petroleum and natural gas property
acquisition exemption, as well as other applicable exemptions, under National
Instrument 45-106 - Prospectus and Registration Exemptions. The Acquisition (as
described in the management information circular dated December 16, 2011) was
approved by the shareholders of the Corporation on January 17, 2012. The
Acquisition did not take place on a stock exchange or other market.


The Jura Shares trade on the Toronto Stock Exchange under the symbol "JEC". A
copy of the related early warning report (the "Report") to be filed with the
applicable securities commissions may be obtained from the SEDAR website
(www.sedar.com) under the profile for Jura. 


For further information or to obtain a copy of the Report, please contact: 



Eastern Petroleum Limited                                                   
c/o International Management (Mauritius) Limited                            
Les Cascades Building, Edith Cavell Street                                  
Port Louis, Mauritius                                                       
Stephen Smith, Advisor                                                      
+852 9628 2390

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