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Seven Generations completes offering of US$425 million 6.750% senior notes

April 29, 2015

CALGARY, ALBERTA--(BUSINESS WIRE)-- Seven Generations Energy Ltd. (7G) (TSX: VII) has completed its previously announced offering of US$425 million aggregate principal amount of 6.750% senior notes due 2023, which were offered in a private placement to eligible purchasers (the Offering). 7G intends to use the net proceeds of the Offering for continued development of the Kakwa River Project and for general corporate purposes.

About the Company

Seven Generations Energy Ltd. is an Alberta-based company engaged in the development of the Kakwa River Project (the Project). Located approximately 100 kilometres south of Grande Prairie, Alberta, the Project is a tight, liquids-rich gas and light oil project in the early stages of development. 7G has its corporate headquarters in Calgary, Alberta and its operations headquarters in Grande Prairie, Alberta.

Forward Looking Statements

This press release may contain "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws (collectively, forward-looking statements) regarding 7G. Any statements included in this press release that address activities, events or developments that 7G "expects", "believes", "plans", "intends", "estimates", "projects" or "anticipates" will or may occur in the future are forward-looking statements. Specific forward-looking statements contained in this press release include the expected use of proceeds of the Offering.

With respect to forward-looking statements contained in this press release, assumptions have been made regarding, among other things: future oil, natural gas liquids and natural gas prices; 7G's future production levels; future capital investments by 7G; future cash flows from production; geological and engineering estimates in respect of 7G's reserves; the geography of the areas in which 7G is conducting exploration and development activities; and the access, economic and physical limitations to which 7G may be subject from time to time.

Actual results could differ materially from those anticipated in the forward-looking statements as a result of the risks and risk factors that are set forth in 7G's annual information form dated March 10, 2015, which is available on SEDAR at  www.sedar.com , including, but not limited to: volatility in market prices and demand for oil, natural gas liquids and natural gas and the impact of hedging or derivatives activities related thereto; general economic, business and industry conditions; variance of 7G's actual capital costs, operating costs and economic returns from those anticipated; risks related to the exploration, development, production and transportation of oil and natural gas reserves and resources; actions by governmental authorities, including changes in government regulation, royalties and taxation; uncertainty associated with estimates of oil, natural gas liquids and natural gas reserves and the variance of such estimates from actual future production; dependence upon compressors, gathering lines, pipelines and other facilities, certain of which 7G does not control; unplanned capital expenditures; weather-related interference with business operations; the effects of delays in completion of, or shut-in of, gas and liquids gathering systems, pipelines and processing facilities; drilling and operational risks; volatility in the financial and credit markets; and seasonality of 7G's activities.

The forward-looking statements contained in this press release speak only as of the date hereof. Except as required by law, 7G undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change. Do not place undue reliance on forward-looking information.

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Emergency Number

403-444-1471

7G

Contact Us

info@7genergy.com

Corporate Headquarters
Calgary, AB

Operations Headquarters
Grande Prairie, AB

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