Connacher Oil and Gas Ltd : Connacher Re-files Annual MDA for Period Ended December 31, 2012

February 18, 2014

MEDIA RELEASE

FOR IMMEDIATE RELEASE Connacher Re-files Annual Management's Discussion and Analysis for the period ended December 31, 2012

Calgary, Alberta - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announces it has re-filed its Annual Management's Discussion and Analysis (the "MD&A") for the period ended December
31, 2012.
The annual MD&A, which was originally filed on March 28, 2013 (the "Original Annual MD&A"), has been re- filed to add two sentences under the following headings on page 16:

Disclosure Controls and Procedures:

"Based on the evaluation of disclosure controls and procedures, the CEO and CFO have concluded that, as at

December 31, 2012, the Company's disclosure controls and procedures were effective."

Internal Controls over Financial Reporting:

"The CEO and CFO have concluded that, as at December 31, 2012, the Company's internal control over financial reporting was effective."

There are no other changes to the Original Annual MD&A.
The re-filed MD&A and 52-109F1R Certification(s) of re-filed annual filings have been posted on SEDAR.

About Connacher

Connacher is a Calgary-based in-situ oil sands developer, producer and marketer of bitumen. The Company holds a 100 percent interest in approximately 500 million barrels of proved and probable bitumen reserves and operates two steam assisted gravity drainage ("SAGD") facilities located on the Company's Great Divide
oil sands leases near Fort McMurray, Alberta.

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Contact

Chris Bloomer Greg Pollard

Chief Executive Officer Chief Financial Officer

Connacher Oil and Gas Limited

Phone: [phone]
Fax: [phone]
Suite 900, 332 - 6th Avenue SW Calgary, Alberta T2P 0B2 [e-mail]
www.connacheroil.com

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