Shoreline Energy Corp. Increases Holdings in Prolific

Shoreline Energy Corp. Increases Holdings in Prolific Niobrara and
Codell Oil Project, Wattenberg Field, Colorado 
CALGARY, ALBERTA -- (Marketwire) -- 12/24/12 -- Shoreline Energy
Corp. (the "Company" or "Shoreline") (TSX:SEQ) is pleased to announce
that it has acquired non-operating working interest in over 5,000
acres located in the prolific Wattenberg Field, in the
Denver-Julesburg Basin ("DJ Basin") for approximately $4.0 million in
cash and stock. The acquisition closed on December 21, 2012,
increasing Shoreline's acreage in the prolific DJ Basin by over 500
net acres. 
Shoreline has acquired an average net revenue interest of 5.3% in a
block of land within the same township where area operators including
Anadarko Petroleum and Encana Corporation are drilling high impact
horizontal wells targeting light oil within the Niobrara and the
Codell at vertical depths of between 6800 and 7200 feet. Horizontal
wells drilled in this area are completed using multiple stage
hydraulic fracturing and have exhibited initial production rates of
between 400 and 900 barrels oil equivalent per day. Existing
production from historical vertical wells is estimated to be between
25 and 45 barrels oil equivalent per day to Shoreline's interest.
Shoreline forecasts that horizontal wells on its newly acquired
acreage will be drilled beginning in the late second quarter of 2013. 
"We continue to take advantage of attractive opportunities to further
increase our asset base in the Wattenberg field." stated Trevor Folk,
Chief Executive Officer of Shoreline Energy Corp. "The most recent
acquisition immediately adds to our production base while providing
significant development potential through the application of proven
horizontal drilling and completion techniques. Based on our internal
due diligence and data published by area operators for nearby
properties, we forecast that during the next year our production and
cash flow will expand substantially." 
On the land package acquired, there are between 60 and 80 horizontal
drilling locations identified. The $4.0 million acquisition price
comprises $3.5 million of cash and 129,000 of Shoreline's common
About Shoreline Energy 
Investor Information 
Shoreline is a Calgary, Alberta based corporation engaged in the
exploration, developm
ent and production of petroleum and natural gas.
Shoreline offers investors a combination of value growth via lower
risk development of additional oil reserves and production on its
current lands and pays a quarterly dividend. Shoreline has 5,644,315
common shares outstanding and 170,000 convertible debentures
outstanding. The Company's common shares are currently listed on the
TSX under the trading symbol "SEQ" and its debentures under the
trading symbol "SEQ.DB". Additional information regarding Shoreline
is available under the Company's profile at or at the
Corporation's website, 
Forward Looking and Cautionary Statements 
This news release contains forward-looking statements relating to the
Corporation's plans and other aspects of the Corporation's
anticipated future operations, strategies, financial and operating
results and business opportunities. These forward-looking statements
may include opinions, assumptions, estimates, management's assessment
of value, reserves, future plans and operations. 
Forward-looking statements typically use words such as "will,"
"anticipate," "believe," "estimate," "expect," "intend," "may,"
"project," "should," "plan," and similar expressions suggesting
future outcomes, and include statements that actions, events or
conditions "may," "would," "could," or "will" be taken or occur in
the future. The forward-looking statements are based on various
assumptions including expectations regarding the success of current
or future drill wells; the outlook for petroleum and natural gas
prices; estimated amounts and timing of capital expenditures;
estimates of future production; assumptions concerning the timing of
regulatory approvals; the state of the economy and the exploration
and production business; results of operations; business prospects
and opportunities; future exchange and interest rates; the
Corporation's ability to obtain equipment in a timely manner to carry
out development activities; and the ability of the Corporation to
access capital and credit. While the Corporation considers these
assumptions to be reasonable based on information currently available
to it, they may prove to be incorrect. 
Forward-looking statements are subject to a wide range of
assumptions, known and unknown risks and uncertainties and other
factors that contribute to the possibility that the predicted outcome
will not occur, including, without limitation: risks associated with
oil and gas exploration, development, exploitation, production,
marketing and transportation; loss of markets; volatility of
commodities prices; currency fluctuations; imprecision of reserves
estimates; environmental risks; competition from other producers;
inability to retain drilling rigs and other services; incorrect
assessment of the value of acquisitions; failure to realize the
anticipated benefits of acquisitions; general economic conditions;
delays resulting from or inability to obtain required regulatory
approvals and to satisfy various closing conditions; and ability to
access sufficient capital from internal and external sources. Readers
are cautioned that the foregoing list of factors is not exhaustive. 
Although Shoreline believes that the expectations represented by such
forward-looking statements are reasonable, there can be no assurance
that such expectations will be realized. As a consequence, actual
results may differ materially from those anticipated in the
forward-looking statements and you should not rely unduly on
forward-looking statements. The forward-looking statements contained
in this news release are made as of the date of this news release.
Except as required by applicable law, Shoreline does not undertake
any obligation to publicly update or revise any forward-looking
Shoreline Energy Corp.
Mr. Trevor Folk
Chief Executive Officer
(403) 398-4070 
Shoreline Energy Corp.
Mr. Shaun Alspach
Executive Vice President, Business Development
(403) 398-4080 
Shoreline Energy Corp.
Calgary Office
Suite 400, 209-8th Ave SW
Calgary, Alberta, T2P 1B8
(403) 767-9066 
Investor Relations: MZ North America
Derek Gradwell
Senior Vice President, Natural Resources
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