FEC Reports on FEP SC72 License Extension

                  FEC Reports on FEP SC72 License Extension

PR Newswire

CALGARY, Alberta, Feb. 6, 2013

CALGARY, Alberta, Feb. 6, 2013 /PRNewswire/ --FEC RESOURCES INC. (OTCBB:
FECOF, Frankfurt/Munich: FE8) ("FEC") wishes to advise shareholders that it
has noted the following announcement made by Forum Energy PLC. ("FEP") on
January 25, 2013.

"Forum Energy, the UK incorporated oil and gas exploration and production
company with a focus on the Philippines, today confirms that the Philippine
Department of Energy has granted the Company's request for an extension to the
second sub-phase of Service Contract 72 ("SC72").

The deadline for completion of the second sub-phase, comprising the drilling
of two appraisal wells, has now been extended by two years to 14 August 2015.

Further details regarding the Company's plans for SC72 will be made in due
course, as and when appropriate."

On behalf of the Board of,

FEC Resources Inc.

Carlo Pablo

Chairman

This press release contains forward-looking statements and forward-looking
information (collectively, "forward-looking statements") within the meaning of
applicable Canadian and US securities legislation. All statements, other than
statements of historical fact, included herein are forward-looking statements.
Although the Company believes that such statements are reasonable, it can give
no assurance that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. The Company cautions investors
that any forward-looking statements by the Company are not guarantees of
future results or performance, and that actual results may differ materially
from those in forward looking statements as a result of various factors,
including, but not limited to, variations in the nature, quality and quantity
of any natural resources that may be located, variations in the market price
of any natural resource products the Company may produce or plan to produce,
the Company's inability to obtain any necessary permits, consents or
authorizations required for its activities, the Company's inability to produce
natural resources from its properties successfully or profitably, to continue
its projected growth, to raise the necessary capital or to be fully able to
implement its business strategies, and other risks and uncertainties disclosed
in the Company's Annual Report on Form 20-F for the year ended December 31,
2011 and its most recent quarterly reports filed with the United States
Securities Exchange Commission (the "SEC"), and other information released by
the Company and filed with the appropriate regulatory agencies. All of the
Company's Canadian public disclosure filings may be accessed via www.sedar.com
and its United States public disclosure filings may be accessed via
www.sec.gov, and readers are urged to review these materials.

For more information please contact (403) 290-1676, e-mail
info@FECResources.com or visit the FEC Resources website at
www.FECResources.com

SOURCE FEC Resources Inc.

Website: http://www.fecresources.com