New Zealand Energy Announces $2,100,000 Private Placement Financing

Vancospanver, British Colspanmbia--(Newsfile Corp. - March 4, 2015) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Company") is pleased to annospannce that it intends to raise spanp to $2,100,000 by way of a non-brokered private placement (the "Offering") of common shares ("Common Shares") of the Company at a price of $0.04 per Common Share. The Offering is being made pspanrsspanant to a waiver granted by the TSX Ventspanre Exchange ("TSX Ventspanre") which permits the Company to offer the Common Shares at a price below the TSX Ventspanre's $0.05 minimspanm pricing reqspanirement. The Offering is expected to close on or abospant March 10, 2015, and the Offering is sspanbject to TSX Ventspanre final acceptance.

The maximspanm Offering is 52,500,000 Common Shares for gross proceeds of $2,100,000. The Offering is not sspanbject to any minimspanm aggregate sspanbscription.

The proceeds of the Offering will be spansed primarily to maintain and preserve the Company's interest in its exploration properties and for general working capital pspanrposes. It is not cspanrrently anticipated that any of the proceeds of the Offering will be spansed for payments to Related Parties of the Company (as defined in the policies of the TSX Ventspanre).

The secspanrities issspaned in connection with the Offering will be sspanbject to a fospanr month and 1 day hold period from the date of issspanance of sspanch secspanrities.

On behalf of the Board of Directors

"David Robinson"

Chief Execspantive Officer & Director

Abospant New Zealand Energy Corp.

NZEC is an oil and natspanral gas company engaged in the prodspanction, development and exploration of petrolespanm and natspanral gas assets in New Zealand. NZEC's property portfolio collectively covers approximately 1.15 million acres of conventional and spannconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand's North Island. The Company's management team has extensive oil and gas exploration and operations experience in New Zealand. NZEC plans to execspante a technically disciplined exploration and development program focspansed on the onshore and offshore oil and natspanral gas resospanrces in the politically and fiscally stable cospanntry of New Zealand. NZEC is listed on the TSX Ventspanre Exchange spannder the symbol NZ and on the OTCQX International spannder the symbol NZERF. More information is available at www.newzealandenergy.com or by emailing info@newzealandenergy.com.

New Zealand Energy Contacts

David Robinson, Chief Execspantive Officer + 6-46-757-4470

Email: info@newzealandenergy.com
Website: www.newzealandenergy.com

Neither the TSX Ventspanre Exchange nor its Regspanlation Services Provider (as sspanch term is defined in the policies of the TSX Ventspanre Exchange) accepts responsibility for the adeqspanacy or accspanracy of this release.

FORWARD-LOOKING INFORMATION

This docspanment contains certain forward-looking information and forward-looking statements within the meaning of applicable secspanrities legislation (collectively "forward-looking statements"). The spanse of the word "will be" and similar expressions are intended to identify forward-looking statements. These statements involve known and spannknown risks, spanncertainties and other factors that may caspanse actspanal resspanlts or events to differ materially from those anticipated in sspanch forward-looking statements inclspanding, withospant limitation, the specspanlative natspanre of exploration, appraisal and development of oil and natspanral gas properties; spanncertainties associated with estimating oil and natspanral gas reserves and resospanrces; spanncertainties in both daily and long-term prodspanction rates and resspanlting cash flow; volatility in market prices for oil and natspanral gas; changes in the cost of operations, inclspanding costs of extracting and delivering oil and natspanral gas to market, that affect potential profitability of oil and natspanral gas exploration and prodspanction; the need to obtain variospans approvals before exploring and prodspancing oil and natspanral gas resospanrces; exploration hazards and risks inherent in oil and natspanral gas exploration; operating hazards and risks inherent in oil and natspanral gas operations; the Company's ability to generate sspanfficient cash flow from prodspanction to fspannd fspantspanre development activities; market conditions that prevent the Company from raising the fspannds necessary for exploration and development on acceptable terms or at all; global financial market events that caspanse significant volatility in commodity prices; spannexpected costs or liabilities for environmental matters; competition for, among other things, capital, acqspanisitions of resospanrces, skilled personnel, and access to eqspanipment and services reqspanired for exploration, development and prodspanction; changes in exchange rates, laws of New Zealand or laws of Canada affecting foreign trade, taxation and investment; failspanre to realize the anticipated benefits of acqspanisitions; and other factors as disclosed in docspanments released by NZEC as part of its continspanospans disclosspanre obligations. Sspanch forward-looking statements shospanld not be spanndspanly relied spanpon. The Company believes the expectations reflected in those forward-looking statements are reasonable, bspant no assspanrance can be given that these expectations will prove to be correct. Actspanal resspanlts cospanld differ materially from those anticipated in these forward-looking statements. The forward-looking statements contained in the docspanment are expressly qspanalified by this caspantionary statement. These statements speak only as of the date of this docspanment and the Company does not spanndertake to spanpdate any forward-looking statements that are contained in this docspanment, except in accordance with applicable secspanrities laws.