Gibson Energy Inc. Declares Dividend and Announces Dividend Increase

     Gibson Energy Inc. Declares Dividend and Announces Dividend Increase

PR Newswire

CALGARY, March 5, 2013

All financial figures are in Canadian dollars

CALGARY, March 5, 2013 /PRNewswire/ - Gibson Energy Inc. ("Gibson"), TSX: GEI,
announced today that its Board of Directors has approved a quarterly dividend
of $0.275 per common share to shareholders of record at the close of business
on March 29^th, 2013 and is payable on April 17, 2013. This dividend is
designated as an eligible dividend for Canadian income tax purposes. For
non-resident shareholders, Gibson's dividends are subject to Canadian
withholding tax.

This quarterly  dividend reflects  a 5.8%  increase from  the prior  quarterly 
rate. "The dividend increase announced today is the third since we  completed 
our initial  public  offering  in  June,  2011,"  said  Donald  Fowlis,  Chief 
Financial Officer. "The consistent performance of our diversified, integrated
and growing asset base over this time period provides us with confidence  that 
we will be able to continue to  generate steady and growing cash flows  across 
varying energy pricing cycles."

About Gibson

Gibson is one of the largest independent midstream energy companies in  Canada 
and an integrated service provider to the  oil and gas industry in the  United 
States. Gibson  is engaged  in the  movement, storage,  blending,  processing, 
marketing and  distribution of  crude oil,  condensate, natural  gas  liquids, 
water, oilfield waste and refined products. Gibson transports energy products
by utilizing its network  of terminals, pipelines,  storage tanks, and  trucks 
located  throughout  western   Canada  and  through   its  significant   truck 
transportation and injection  station network  in the  United States.  Gibson 
also provides emulsion treating, water disposal and oilfield waste  management 
services in Canada  and the  United States and  is the  second largest  retail 
propane distribution company in Canada.

Forward-Looking Statements

Certain statements contained in  this news release constitute  forward-looking 
information and statements (collectively, "forward-looking statements"). These
statements relate to future  events or the  Company's future performance.  All 
statements other  than  statements  of  historical  fact  are  forward-looking 
statements.  The  use   of  any   of  the   words  ''anticipate'',   ''plan'', 
''contemplate'',   ''continue'',    ''estimate'',   ''expect'',    ''intend'', 
''propose'', ''might'', ''may'', ''will'', ''shall'', ''project'', ''should'',
''could'',  ''would'',  ''believe'',  ''predict'',  ''forecast'',  ''pursue'', 
''potential'' and ''capable'' and similar expressions are intended to identify
forward-looking statements. These statements involve known and unknown  risks, 
uncertainties and other  factors that may  cause actual results  or events  to 
differ materially from those  anticipated in such forward-looking  statements. 
No assurance can be given that these expectations will prove to be correct and
such forward-looking statements included  in this news  release should not  be 
unduly relied upon. These statements  speak only as of  the date of this  news 
release. The Company does not undertake any obligations to publicly update  or 
revise any forward looking statements  except as required by securities  law. 
Actual results  could  differ  materially  from  those  anticipated  in  these 
forward-looking statements as  a result  of numerous  risks and  uncertainties 
including, but  not  limited to,  the  risks and  uncertainties  described  in 
"Forward-Looking Statements"  and "Risk  Factors"  included in  the  Company's 
Annual Information Form dated March5, 2013 as filed on SEDAR and available on
the Gibson website at

SOURCE Gibson Energy Inc.


Ken Hall
Vice President Investor Relations and Communications
(403) 781-2899
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