NuVista Energy Ltd. Announces Closing of Equity Financings

CALGARY, ALBERTA--(Marketwired - Oct 29, 2013) - 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".