StonePoint Energy Inc. (TSX VENTURE:STO) ("StonePoint" or the "Company") is pleased to announce it has filed on SEDAR its financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2015.

The first quarter of 2015 was relatively quiet for StonePoint as we continued to monitor the impact of commodity price weakness on overall industry activity and profitability. During the first quarter and through the month of May, we have evaluated and bid on a number of quality assets that fit within our area of geographic focus and strategy. We will remain diligent in our evaluations and bidding strategy and believe with continued commodity weakness that seller expectations will moderate into a range where we are comfortable deploying our cash resources.

In parallel with our acquisition strategy, the Company has built a land base in the Valhalla/Elmworth area where we are prepared to allocate capital through the drilling of the Company's first operated horizontal well. The 100% working interest well will target a Dunvegan channel that is present in a vertical well in the same spacing unit. The Dunvegan in the offset vertical well has log indicated net pay of 21 metres with an average porosity of approximately 10.5%. The location has been surveyed and we expect to license the well shortly with an early third quarter 2015 spud date targeting a 1,550 metre horizontal section for the wellbore. The timing of this well will also take advantage of what the Company expects will be a cost structure for the drilling and completion capital that will be materially less than originally planned in the fall of 2014. The Company anticipates the Dunvegan well will have a total cost of approximately $3.0 million.

StonePoint has also built a deep inventory of locations in the Montney and Doig formations in the Valhalla area that will serve to provide activity into the future as the Company advances its business plan and strategy.