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Contact Exploration announces Kakwa operations update and filing of results for the quarter ended September 30, 2012

Thursday, Nov 29, 2012

CALGARY, Nov. 28, 2012 /CNW/ - Contact Exploration Inc. ("Contact" or the "Company") (TSXV: CEX) is pleased to announce that all third party agreements required to enable the Company to commence production of natural gas and condensate from the Company's 13-17-63-5W6 well are now in place, such that production from this well is expected to begin in early December 2012. The sale of the production from this initial well at Kakwa is expected to have a material positive impact on the Company's monthly cash flow from operating activities.

Contact is also pleased to report that it has filed its unaudited Condensed Interim Consolidated Financial Statements for the three and six month periods ended September 30, 2012, and the related Management's Discussion and Analysis, on www.sedar.com.

About Contact Exploration Inc.

Contact Exploration Inc. is a public oil and gas company which has a long-term history of operating in Atlantic Canada and has recently demonstrated success in Alberta's liquids-rich Montney Formation tight gas play. For more information, please see the Company's website: www.contactexp.com.

SOURCE Contact Exploration Inc.

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