Artisan Energy Announces Extension to Closing of Viking Light Oil Acquisition

CALGARY, ALBERTA--(Marketwired - Feb 14, 2014) - As previously announced, Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX-VENTURE:AEC) and Magnum Energy Inc. ("Magnum") (TSX-VENTURE:MEN) have entered into a purchase and sale agreement (subject to certain closing conditions) pursuant to which Artisan will acquire Magnum's 50% working interest in 2,720 gross acres (1,360 net acres) of land in the Provost area of Alberta (the "Provost Asset"). The purchase and sale agreement has been amended to extend the closing date to March 14, 2014, with an effective date of January 31, 2014.

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 news release.

Artisan Energy CorporationRick IronsidePresident & CEO(403) 984-9275Rironside@artisanenergy.caArtisan Energy CorporationJohn BellVice-President Finance & CFO(403) 984-9275Jbell@artisanenergy.cawww.artisanenergy.ca

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