DCK Donnycreek Energy

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES
OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS


Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports
that it will be participating in the drilling of a new non-operated Montney
well, immediately adjacent to Donnycreek's original 16.75 section 50% working
interest Kakwa land block. The operator of the well has advised that spud is
expected mid-February 2013. Donnycreek will participate as to a 23.75% working
interest (subject to a 5% GORR) and after drilling this new exploratory well,
Donnycreek will earn a similar working interest in 2.25 sections of Montney
rights, all contiguous with Donnycreek's existing 50% Kakwa acreage. Once
earned, Donnycreek will hold 235.5 gross (160 net) sections of Montney acreage
in the greater Kakwa Wapiti area.


KAKWA MONTNEY 13 - 17 - 63 - 5 W6M

The first Donnycreek horizontal Kakwa Montney well at 13 - 17 - 63 - 5 W6M (the
"13 - 17 Well") has been on production since December 1, 2012. Various
bottlenecks associated with downstream processing limited December 2012
production. However, since January 4, 2013, when the operator added additional
well site equipment, the 13 - 17 Well has maintained relatively stable gross
production at a restricted rate averaging approximately 3.8 mmcf/d of natural
gas plus NGLs and 575 bbl/d well head condensate. Donnycreek has a 25% working
interest plus 10% GORR on 75% working interest before payout; 50% working
interest after payout in the 13 - 17 Well.


KAKWA MONTNEY 3 - 19 - 63 - 5 W6M AND 14 - 30 - 63 - 5 W6M

Donnycreek's third horizontal Kakwa Montney well at 3 - 19 - 63 - 5 W6M (the "3
- 19 Well") is being drilled from the same surface location as 14 - 30 - 63 - 5
W6M (the "14 - 30 Well"), Donnycreek's second horizontal Kakwa Montney well. The
3 - 19 Well is on schedule to be finished drilling in mid-February 2013, with
completion operations anticipated to be finished by mid-March 2013. The 14 - 30
Well has been successfully tied into downstream processing facilities. In
January 2013, the 14 - 30 Well was flowed for a brief interval, however the
extremely high condensate/natural gas ratio (in excess of 200 bbl/mmcf) could
not be handled at the third party gas plant. Upon the completion of the 3 - 19
Well, the 14 - 30 Well and the 3 - 19 Well will each be equipped similar to the
13 - 17 Well such that well head condensate can be separated at location,
allowing for flow of the natural gas and NGLs to the third party facility and
well head condensate trucked directly to sales. Donnycreek holds a 50% working
interest in the 3 - 19 and 14 - 30 Wells.


About Donnycreek Energy Inc.

Donnycreek is a Calgary-based public oil and gas company which holds 242 gross
sections; 174 net sections of petroleum and natural gas rights, with an average
working interest of approximately 72%, prospective primarily for Montney liquid
rich natural gas resource development in its 3 core areas: Kakwa, Wapiti and
Chicken, all of which are located in the Deep Basin area of west central
Alberta.


Further information relating to Donnycreek is also available on its website at
www.donnycreekenergy.com.


ON BEHALF OF THE BOARD OF DONNYCREEK ENERGY INC.

Malcolm F.W. Todd, Chief Executive Officer

ADVISORY ON FORWARD-LOOKING STATEMENTS: This news release contains certain
forward-looking information and statements ("forward-looking statements") within
the meaning of applicable securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "may", "will", "project", "should",
"believe", "plans", "intends" and similar expressions are intended to identify
forward-looking statements. In particular, but without limiting the forgoing,
this press release contains statements concerning the spud date of the new
non-operated Montney well, the timing of the drilling and completion of the 3 -
19 Well, the equipping of the 14 - 30 Well and the 3 - 19 Well and the
prospective zones for development on the Company's lands.


Forward-looking statements are based on a number of material factors,
expectations or assumptions of Donnycreek which have been used to develop such
statements and information but which may prove to be incorrect. Although
Donnycreek believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them because
Donnycreek 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. In particular, in addition
to other factors and assumptions which may be identified herein, no assurances
can be given respecting: whether the Company's exploration and development
activities respecting its prospects, including the wells discussed herein, will
be successful or that material volumes of petroleum and natural gas reserves
will be encountered, or if encountered can be produced on a commercial basis;
the ultimate size and scope of any hydrocarbon bearing formations on its lands;
that drilling operations on its lands, including the wells discussed herein,
will be successful such that further development activities in these areas are
warranted; that Donnycreek's efforts to raise additional capital will be
successful; that Donnycreek will continue to conduct its operations in a manner
consistent with past operations; results from drilling and development
activities will be consistent with past operations; the accuracy of the
estimates of Donnycreek's reserve volumes; the general stability of the economic
and political environment in which Donnycreek operates; drilling results; field
production rates and decline rates; the general continuance of current industry
conditions; the timing and cost of pipeline, storage and facility construction
and expansion and the ability of Donnycreek to secure adequate product
transportation; future commodity prices; currency, exchange and interest rates;
regulatory framework regarding royalties, taxes and environmental matters in the
jurisdictions in which Donnycreek operates; and the ability of Donnycreek to
successfully market its oil and natural gas products.


Further, events or circumstances may cause actual results to differ materially
from those predicted as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the control of the
Company, including, without limitation: changes in commodity prices; changes in
the demand for or supply of the Company's products; unanticipated operating
results or production declines; changes in tax or environmental laws, royalty
rates or other regulatory matters; changes in development plans of Donnycreek or
by third party operators of Donnycreek's properties, increased debt levels or
debt service requirements; inaccurate estimation of Donnycreek's oil and gas
reserve and resource volumes; limited, unfavourable or a lack of access to
capital markets; increased costs; a lack of adequate insurance coverage; the
impact of competitors; and certain other risks detailed from time-to-time in
Donnycreek's public disclosure documents. Additional information regarding some
of these risk factors may be found under "Risk Factors" in the Company's
Management's Discussion and Analysis prepared for the year ended July 31, 2012.
The reader is cautioned not to place undue reliance on these forward-looking
statements. The forward-looking statements contained in this news release are
made as of the date hereof and Donnycreek undertakes no obligations to update
publicly or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


References to oil in this discussion include crude oil and natural gas liquids
("NGLs"). NGLs include condensate, propane, butane and ethane.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Donnycreek Energy Inc.
Malcolm Todd
President and Chief Executive Officer
(604) 684-2356
(604) 684-4265 (FAX)
www.donnycreekenergy.com

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