Peyto Exploration & Development Corp. Confirms Dividends for First Quarter 2014

Peyto Exploration & Development Corp. Confirms Dividends for First Quarter 2014 
CALGARY, ALBERTA -- (Marketwired) -- 01/15/14 --   Peyto Exploration
& Development Corp. (TSX: PEY) ("Peyto") 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
----------------------------------------------------------------------------
$0.08             January 31, 2014    January 29, 2014     February 14, 2014
$0.08            February 28, 2014   February 26, 2014  March 14, 2014 ((i))
$0.08               March 31, 2014      March 27, 2014  April 15, 2014 ((i))
----------------------------------------------------------------------------

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 www.peyto.com to learn more about what makes Peyto
one of North America's most exciting energy companies.  
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. 
Contacts:
Peyto Exploration & Development Corp.
Darren Gee
President and Chief Executive Officer
(403) 237-8911
(403) 451-4100 (FAX)
www.peyto.com