NEWS RELEASE ANGLE ENERGY INC. ANNOUNCES DIVESTITURE OF NATURAL GAS-WEIGHTED EDSON ASSETS FOR $74 MILLION CALGARY, ALBERTA - December 12, 2012 - Angle Energy Inc. ("Angle" or the "Company") (TSX: NGL) is pleased to announce that it has signed a definitive purchase and sale agreement (the "Agreement") for the divestiture of certain non-core natural gas-weighted assets in the Edson area of Alberta (the "Disposition Assets") for gross proceeds of $74 million, subject to certain closing adjustments and costs (the "Transaction").

The Disposition Assets included in the Transaction represent all of Angle's interests below the base of the
Cardium and above the base of the Mississippian in the greater Edson area, with the following attributes: