Aroway Energy Inc. (TSXV:ARW) entered into an agreement to acquire 1316751 Alberta Ltd. from the shareholders for CAD 0.5 million on September 27, 2012. As per the deal, Aroway Energy Inc. will acquire certain oil and gas properties in the Kirkpatrick Lake area consisting of 1.25 sections of land in the Province of Alberta. The acquisition is subject to the completion of satisfactory due diligence on 1316751 Alberta Ltd. by Aroway Energy Inc. and required regulatory approvals.

Aroway Energy Inc. (TSXV:ARW) completed the acquisition of 1316751 Alberta Ltd. from the shareholders on November 27, 2012. This acquisition was financed through internal cash flow of CAD 0.50 million.