Court Awards Stetson Costs and Interest in Litigation Against Stifel Nicolaus Canada Inc. (Formerly Thomas Weisel Partners Ca...

Stetson Oil & Gas Ltd. (TSX VENTURE:SSN), a Forbes & Manhattan Energy Group
company, has received the decision of the Ontario Superior Court of Justice
(Commercial List) that Stifel Nicolaus Canada Inc., (formerly Thomas Weisel
Partners Canada Inc.) must pay Stetson the sum of $1,591,813 to cover costs and
disbursement fees incurred by Stetson during the litigation against Stifel
Nicolaus along with $2,426,574 in prejudgment interest fees. This award is in
connection with the litigation respecting the 2008 failed bought deal financing
and it is in addition to the previous $16,042,669 in damages the court ordered
Stifel Nicolaus to pay Stetson in March 2013. The total amount of this recent
judgment is $4,018,375. Stifel Nicolaus filed an appeal notice with the Ontario
Courts to appeal the initial decision but a date has not yet been set for the
court to hear the matter. 


Mr. Ahmed Said, Chairman and CEO, commented: "We are pleased with the recent
award for costs and interest in association with the failed bought deal and the
total amount of the judgments is approximately $20,061,044".


Stetson has posted a copy of the decision under its profile on SEDAR at
www.sedar.com.


Stetson is a junior oil and gas company with its securities listed under the TSX
Venture Exchange under the symbol "SSN".


Regulatory Statements 

This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, without limitation, statements regarding the judgment awarded by the
Ontario Superior Court of Justice. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Stetson, as the case may be, to be
materially different from those expressed or implied by such forward-looking
information. Although Stetson has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking information. Stetson
does not undertake to update any forward-looking information, except in
accordance with 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: 
Stetson Oil & Gas Ltd.
Ahmed Said
Chairman & CEO
(403) 263 3000
asaid@forbesenergygroup.com

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