Peyto Exploration & Development Corp. Updates Dividends for Second Quarter 2013

Peyto Exploration & Development Corp. Updates Dividends for Second Quarter 2013 
CALGARY, ALBERTA -- (Marketwired) -- 05/10/13 -- Peyto Exploration &
Development Corp. ("Peyto") (TSX:PEY) declares the following
dividends, payable to shareholders of its common shares at the close
of business on the record dates indicated.  

Dividend Amount                                                             
 per Common Share  Record Date       Ex-Dividend Date   Payment Date        
$0.06              April 30, 2013    April 26, 2013     May 15, 2013        
$0.08              May 31, 2013      May 29, 2013       June 14, 2013       
$0.08              June 30, 2013     June 26, 2013      July 15, 2013 (i)   
 (i)Dividends are at the discretion of the Board of Directors and subject to

Dividends paid by Peyto to Canadian residents are eligible dividends
for Canadian income tax purposes. 
Shareholders and interested investors are encouraged to visit the
Peyto website at to learn more about what makes Peyto
one of North America's most exciting energy companies. The monthly
President's Report contains information regarding Peyto's operations
including estimated current production and capital spending. 
Certain information set forth in this document, including
management's assessment of Peyto's future plans and operations,
contains forward-looking statements. By their nature, forward-looking
statements are subject to numerous risks and uncertainties, some of
which are beyond these parties' control, including the impact of
general economic conditions, industry conditions, volatility of
commodity prices, currency fluctuations, imprecision of reserve
estimates, environmental risks, competition from other industry
participants, the lack of availability of qualified personnel or
management, stock market volatility and ability to access sufficient
capital from internal and external sources. Readers are cautioned
that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove
to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. Peyto's actual results, performance or
achievement could differ materially from those expressed in, or
implied by, these forward-looking statements and, accordingly, no
assurance can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them
do so, what benefits that Peyto will derive therefrom.  
The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein. 
Peyto Exploration & Development Corp.
Darren Gee
President and Chief Executive Officer
(403) 237-8911
(403) 451-4100 (FAX)
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