New Zealand Energy Announces Change to Senior Management Team

Wellington, New Zealand--(Newsfile Corp. - April 23, 2015) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Corporation"), announced today that CEO, David Robinson has given three months’ notice of resignation. Mr Robinson will retire as a director before the Annual General Meeting of the Company in mid June 2015.

"On behalf of NZEC, its Board and the Group as a whole, I would like to thank David Robinson for his contribution to the company and the group" said James Willis, Chairman of NZEC. "David wishes to shift his focus to his other business interests and we wish him all the best in those endeavours."

On behalf of the Board of Directors

"James Willis"

Chairman

James Willis + 64-21 -456547

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING INFORMATION

This press release contains certain statements which constitute forward-looking statements or information ("forward-looking statements"), including statements regarding NZEC’s business and the proposed offering. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond NZEC’s control, including the ability of NZEC to satisfy the conditions to completion of the proposed offering, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although NZEC believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking information. As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, NZEC does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.