Shoal Point Energy (the "Company) (CSE:SHP)(OTCQX:SHPNF) is pleased to release
its first quarter financial results for the period ending April 30, 2014.
General and Administrative expenses for the three months ended April 30, 2014
were $0.2 million compared to General and Administrative expenses of $1.8
million for the three months ended April 30, 2013. Excluding stock based
compensation, General and Administrative expenses for the three months ended
April 30, 2013 were $0.6 million.


The Company's cash position, including term deposits, was $1,082,240 as compared
to $631,707 at April 30, 2013. Working capital was $847,995 compared to the
April 2013 working capital of negative $1,023,983.


Additional information relating to the Company, including the Company's
financial statements and management's discussion and analysis for the three
months ended April 30, 2014 is available on Shoal Point's web site at
www.shoalpointenergy.com and will be available on SEDAR at www.sedar.com. All
amounts are denominated in Canadian dollars (CDN$).


About Shoal Point Energy

Shoal Point Energy is a public company listed on the CSE under the symbol "SHP".
The core asset of the Company is oil and as interests in the Green Point Shale
area in Western Newfoundland.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Shoal Point Energy Ltd.
Brian Fiddler
416 637 2181, extension 315
www.shoalpointenergy.com
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