AEC Anfield Energy Inc

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.


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% operated
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 further to extend the closing date to April 22, 2014, with an effective
date of March 31, 2014.


Filing of Amended and Restated Short Form Prospectus

As previously announced, Artisan filed a preliminary short form prospectus (the
"Preliminary Prospectus") on February 21, 2014 in connection with a public
offering (the "Offering"), on a commercially reasonable efforts basis, and
engaged Clarus Securities Inc. (the "Agent") to act as agent with respect to the
Offering.


Artisan has filed an amended and restated preliminary short form prospectus (the
"Amended Preliminary Prospectus") dated April 2, 2014 with respect to the
Offering as the terms of the Offering have been amended. The minimum and maximum
gross proceeds of the Offering will remain at $15,000,000 and $25,000,000,
respectively. The Offering will now include up to $7,500,000 of secured
convertible debentures (the "Convertible Debentures"). The Convertible
Debentures will have a term of 3 years from the date of closing of the Offering,
will bear an annual interest rate of 9% to be paid semi-annually and will be
convertible into common shares of Artisan at two times the issue price per
common share pursuant to the Offering, at any time prior to expiry or
redemption. Artisan may redeem the Convertible Debentures without penalty at any
time after two months, however regardless of any such early redemption Artisan
will be committed to payment of the first year of interest.


Assuming the maximum amount of Convertible Debentures are sold, the remaining
amount of the Offering, being minimum gross proceeds of $7,500,000 and maximum
gross proceeds of $17,500,000, will consist of common shares in the capital of
the Corporation (the "Common Shares") and common shares issued on a
"flow-through" basis (the "Flow-Through Shares", and together with the Common
Shares, the "Offered Shares").


All other terms relating to the Offering will remain as previously announced.

Artisan has obtained a receipt for the Amended and Restated Preliminary Short
Form Prospectus filed with the securities regulatory authorities in each of the
provinces of Alberta, British Columbia and Ontario. Artisan has applied to list
the Convertible Debentures distributed under the short form prospectus and the
Common Shares issuable on conversion of the Convertible Debentures, along with
the Offered Shares on the TSX Venture Exchange. The Closing of the Offering is
subject to certain closing conditions, including, but not limited to, the
issuance of a receipt by the securities regulatory authorities in each of the
provinces of Alberta, British Columbia and Ontario for a final short form
prospectus qualifying the distribution of the Offered Shares and the Convertible
Debentures, the approval of the TSX Venture Exchange and execution of an Agency
Agreement between the Corporation and the Agent.


New Revolving Credit Facility

As previously announced, Artisan has executed a non-binding, indicative term
sheet dated February 13, 2014 (the "ATB Term Sheet") with ATB Financial ("ATB")
which contemplates the grant to the Corporation of a secured, demand, revolving
credit facility (the "ATB Credit Facility") in the amount of $5,000,000. The ATB
Credit Facility is expected to be revised to a facility in the amount of
$4,500,000. The ATB Credit Facility would be secured by, among other things, a
general security agreement providing a first floating charge over all present
and after acquired real and personal property of the Corporation and an
undertaking to grant, at the request of ATB, a first fixed charge against all
property interests of the Corporation. Interest payable on the ATB Credit
Facility would be the prime rate of interest plus 1.75% per annum. The ATB Term
Sheet provides that the ATB Credit Facility is being granted to finance
development of Artisan's developmental light oil projects. The formal granting
of the ATB Credit Facility remains subject to ATB's satisfactory completion of
due diligence and internal credit approval, and closing of the acquisition of
the Provost Asset and the Minimum Offering. For additional details see the
Amended Preliminary Prospectus on SEDAR (www.sedar.com).


About Artisan

Artisan is an oil and gas producer that holds near a 100% working interest in
27,787 core acres of land in Central and S.E. Alberta. Artisan has development
oil projects at Ferrybank and Chip Lake, Alberta. Ferrybank is targeting Belly
River oil production and Chip Lake is targeting Rock Creek oil production.
Artisan also has a Sawtooth development oil project in S.E. Alberta, a Wilrich
gas and Banff oil exploration project in Central Alberta and is pursuing and
testing Bakken oil potential on various lands in S.E. Alberta, having drilled an
initial vertical test well to the east of the Ferguson oil pool.


This news release does not constitute an offer to sell or the solicitation of an
offer to buy any securities in any jurisdiction, including, but not limited to,
the United States. The common shares of Artisan Energy Corporation referred to
herein have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state
securities laws, and may not be offered or sold in the United States except in
certain transactions exempt from the registration requirements of the U.S.
Securities Act and applicable state securities laws.


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.


Advisory

This news release contains forward-looking statements and information
("forward-looking statements") within the meaning of applicable securities laws
relating to the Offering and the expected receipt of a credit facility from ATB.
Readers are cautioned to not place undue reliance on forward-looking statements.
While Artisan believes the expectations reflected in the forward- looking
statements are reasonable, actual results and developments may differ materially
from those contemplated by these statements depending on, among other things,
timing of receipt of regulatory approval, condition of financial markets and
factors beyond Artisan's control. The forward-looking information contained in
this news release is made as at the date of this news release and Artisan does
not undertake any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.
Readers are urged to consider these factors carefully in evaluating any
forward-looking information.


Additional information on other factors that could affect Artisan's operations
and financial results are included in reports on file with Canadian securities
regulatory authorities and may be accessed through the SEDAR website
(www.sedar.com).


FOR FURTHER INFORMATION PLEASE CONTACT: 
Artisan Energy Corporation
Rick Ironside
President & CEO
(403) 984-9275
Rironside@artisanenergy.ca


Artisan Energy Corporation
John Bell
Vice-President Finance & CFO
(403) 984-9275
Jbell@artisanenergy.ca

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