Santa Maria Petroleum Inc. Announces First Quarter 2014 Results

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Santa Maria Petroleum Inc. (formerly Quetzal Energy Ltd.) (TSX VENTURE:SMQ)
today announces its unaudited results for the three months year ended March 31,
2014. Copies of the Company's unaudited condensed interim consolidated financial
statements and related Management's Discussion and Analysis ("MD&A") are being
filed with Canadian securities regulatory authorities and will be made available
under the Company's profile at www.sedar.com. All dollar figures are expressed
in United States dollars unless other stated.


During the year ended December 31, 2013, the Company sold or withdrew from three
of its working interests in Colombia and on January 31, 2014 it sold
substantially all of its remaining assets and liabilities. As a result, it does
not have an operating business as of the date of this MD&A. 


The common shares of the Company traded on the TSX Venture Exchange under the
symbol "SMQ" until February 5, 2014 when its listing was transferred to the NEX
board of the TSXV under the symbol SMQ.H. The address of the registered office
is c/o Torys, Suite 4600, Eighth Avenue Place East, 525 - 8th Avenue S.W.,
Calgary, Alberta, T2P 1G1, Canada.


Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
Quetzal, including, but not limited to the impact of general economic
conditions, industry conditions, volatility of commodity prices, risks
associated with oil and gas activities, currency fluctuations, dependence upon
regulatory approvals, the availability of future financing and exploration risk.
Readers are cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements.


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: 
Santa Maria Petroleum Inc.
Andrew DeFrancesco
President and Chief Executive Officer
(954) 779-1930
www.smpetroleum.com

Santa Maria Petroleum (TSXV:SMQ)
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