NuVista Energy Ltd. Announces Closing of Equity Financings

NuVista Energy Ltd. Announces Closing of Equity Financings 
CALGARY, ALBERTA -- (Marketwired) -- 10/29/13 -- NuVista Energy Ltd. 
(TSX:NVA) ("NuVista") is pleased to announce that it has closed its
previously announced private placement and public offering of an
aggregate of 5,129,000 common shares issued on a "flow-through" basis
pursuant to the Income Tax Act (Canada) for gross proceeds of
approximately $39.7 million. 
NuVista has completed a public offering of 3,200,000 common shares
issued on a "flow-through" basis in respect of Canadian exploration
expense ("CEE Shares") through a syndicate of underwriters co-led by
Peters & Co. Limited and RBC Capital Markets Corp. and including CIBC
World Markets Inc., FirstEnergy Capital Corp., Scotia Capital Inc.,
BMO Capital Markets and TD Securities Inc. (collectively, the
"Underwriters") at a price of $8.00 per CEE Share for gross proceeds
of $25.6 million. 
In addition, on October 28, 2013 NuVista issued, on a private
placement basis, 254,000 CEE Shares at a price of $8.00 per CEE Share
and 1,675,000 common shares issued on a "flow-through" basis with
respect to Canadian development expense (the "CDE Shares") at a price
of $7.20 per CDE Share for aggregate gross proceeds of approximately
$14.1 million.  
INVESTOR INFORMATION 
NuVista is an independent Canadian oil and natural gas exploration,
development and production company with its Common Shares trading on
the Toronto Stock Exchange under the symbol "NVA".
Contacts:
NuVista Energy Ltd.
Jonathan Wright
President and CEO
(403) 538-8501 
NuVista Energy Ltd.
Robert F. Froese
VP, Finance and CFO
(403) 538-8530