SXE Strata X Energy Ltd

--  Received drilling permits and executed drilling contract for the
    Sleeping Giant Gas Project. 
--  Engaging services for the multistage vertical stimulation of interpreted
    oil zones within the Cinco Saus Creek #1 well, Maverick Oil Project. 
--  Conducting approx. 6 miles of 2D seismic operations over the next
    appraisal location, Vail Oil Project. 
--  Company presenting at the ASX Spotlight Investor Conference, New York
    and London.



The directors and management of Strata-X Energy Ltd. ("Strata-X" or the
"Company") (TSX VENTURE:SXE) (ASX:SXA) are pleased to provide an update on the
exploration and appraisal programs for the Company's three key USA projects
where Strata-X is the operator and majority interest owner.


Sleeping Giant Gas Project, Williston Basin, North Dakota - 100% of 145,000 acres

In December 2013, Strata-X was granted four drilling permits by the North Dakota
Industrial Commission for appraisal wells on the Sleeping Giant Gas Project. The
permits granted are for the Aberle #1-31 and Just #1-24 wells located in
McIntosh County and the Hoff #1-32 and Rohweder #1-11 wells located in Emmons
County, North Dakota. Further to this development, the Company executed a
drilling contract with Major Drilling America, Inc. of Salt Lake City, Utah for
the drilling of the first vertical appraisal well for the shallow unconventional
Sleeping Giant Gas Project. 


The Company anticipates drilling the first exploration well in the coming weeks
using a conventional drilling rig. The well will be cased and stimulated to
access the productive capabilities of the Niobrara Formation. Ultimately, the
Company plans to use a coiled tubing rig to drill development wells on the
project in order to reduce both development costs and the project's
environmental footprint.


The Sleeping Giant project is located in North Dakota and is targeting natural
gas resources trapped in the Niobrara Formation, a prolific producer of
hydrocarbons throughout the Rocky Mountain Region. Strata-X has 100% of the
exploration rights on 145,000 acres covering the Sleeping Giant Gas Project. 


Maverick Oil Project, Eagle Ford, South Texas - 10,945 net acres

On December 27, 2013, Strata-X spudded the vertical Cinco Saus Creek #1 well
which was designed to intersect and core the entire Eagle Ford shale and Buda
formations. The 600 foot interval of the targeted formations was cored and
production casing was set to a total depth of 4,220 feet. 


The initial analysis of the 600 foot core of the Eagle Ford shale and Buda
formations has identified several prospective oil bearing intervals, some of
which have never been tested in the Strata-X project area. These prospective
intervals will be stimulated and tested individually by the Company to determine
the production potential of each individual zone tested. 


The Company plans to start the multi-stage stimulation of targeted intervals in
the Cinco Saus Creek #1 well with the deepest Buda formation and advance to
additional intervals in the Eagle Ford shale located above the Buda. Strata-X is
currently contracting for services to conduct the first stage stimulation of the
Buda formation, which is anticipated to begin in early March. The Company
expects that the full stimulation and long term production testing program on
the Cinco Saus Creek #1 well will take several months.


Strata-X is the operator of the Cinco Saus Creek #1 well and retains an
approximate 96.9% working interest in it. Strata-X's joint venture partner on
the Maverick Oil Project elected not to participate on the Cinco Saus Creek #1
well. This election resulted in Strata-X acquiring an additional 3.1% working
interest in the well, which interest is subject to a 300% payback penalty.
Overall, the Company has acquired exploration rights to 10,945 mostly contiguous
net acres in the Maverick Oil Project. 


The Company has released an Investor Presentation on the Maverick Oil Project
which can be found at www.strata-x.com.


Vail Oil Project, Illinois Basin - 100% of 49,200 net acres

Strata-X has completed the clean out of the wellbore of the Burkett 5-34HOR well
following a "screen out" event on the first stimulation test. The Company now
has a new stimulation design for the well and is working with Halliburton to
schedule the revised multistage horizontal completion stimulation on the Burkett
5-34HOR which is expected to be finalized shortly.


In anticipation of further horizontal appraisal drilling on the Vail Oil Project
in 2014, the Company is preparing to conduct 2D seismic operations in early
March that will provide it with approximately 6 miles of seismic data over a
proposed drilling location approximately 7 miles northwest of the existing
Burkett 5-34HOR well. The data acquired will be owned by the Company and will
assist with the geo-steering of the horizontal leg of the next appraisal well on
the project.


Strata-X has acquired a 100% net working interest in oil and gas exploration
rights on 49,200 net acres covering the Vail Oil Project in the Illinois Basin,
USA. For additional details on this project, please refer to the Vail Project
Presentation found on the Company's website at www.strata-x.com. 


Other Strata-X Developments

The Company will be presenting at the ASX Spotlight Investor Conference to be
held in New York, USA and London, England. Timothy Hoops, President and Managing
Director of Strata-X, will give a presentation on the Company in New York on
February 27 at 11:25 A.M. (local time) and in London on March 6 at 2:45 P.M
(local time). More information on the ASX Spotlight can be found at
www.asx.com.au/spotlight.


About Strata-X 

Strata-X is a Denver, Colorado (USA) based company and is engaged in the
business of oil and gas exploration and development with a variety of
exploration opportunities in North Dakota, California, Colorado, Texas, Illinois
and Western Australia and production and development opportunities in
California. Strata-X has 139,785,415 common shares outstanding and trades under
the symbol "SXE" on the TSX-V and "SXA" on the ASX. 


This announcement was made in Canada for the TSX.V and in Australia for the ASX.

Public documents for Strata-X Energy Ltd. can be found at SEDAR (Canada)
(www.sedar.com) and ASX.com.au (Australia).


By definition of the COGE Handbook - "Undiscovered resources are those
quantities of oil and gas estimated on a given date to be contained in
accumulations yet to be discovered." The Handbook further states - Caution (per
NI 51-101/5.9(2)(v)(B)) - "There is no certainty that any portion of the
resources will be discovered. If discovered, there is no certainty that it will
be commercially viable to produce any portion of the resources." In addition,
per NI 51-101/5.6 "the estimated values disclosed do not represent fair market
value."


CAUTIONARY STATEMENTS

This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. The use of any of the words "anticipate", "continue", "estimate",
"expect", 'may", "will", "project", "should", 'believe", and similar expressions
is intended to identify forward-looking statements. Such forward-looking
statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Readers are
cautioned that these forward-looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected and the forward-looking
statements included in this news release should not be unduly relied upon. See
"Risks and Uncertainties" in the Company's Filing Statement dated August 30,
2011 available on SEDAR at www.sedar.com. These forward-looking statements are
made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances save as required
under applicable securities legislation. This news release does not constitute
an offer to sell securities and the Company is not soliciting an offer to buy
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
such jurisdiction.


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: 
Tim Hoops (USA)
President
+1 855-463-2400
info@strata-x.com


Colin Christensen (Canada)
Investor Relations
+1 403-483-8363
colin@strata-x.com


Duncan Cornish (Australia)
Corporate Secretary
+61 7 3212-6299
dcornish@strata-x.com
www.strata-x.com

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