The Board of Directors of JA Energy, Inc. approved a shareholder proposal to spin-off Peak Energy Holdings from JA Energy, Inc. (OTCBB:JAEN) on September 30, 2014. JA Energy, Inc. entered into irrevocable asset and liability exchange agreement to spin-off Peak Energy Holdings on October 15, 2014. Once the spin-off takes place, Peak Energy Holdings will no longer be owned nor managed by JA Energy.

Peak Energy Holdings will have different management than JA Energy. Barry Hall James Lusk will take control of Peak Energy Holdings. All shareholders of JA Energy will be issued a stock dividend of Peak Energy Holdings on a one-for-one (1:1) ownership basis (the "dividend").

This dividend will apply to both common and preferred shareholders. JA Energy established November 17, 2014 as the dividend record date and December 11, 2014 as the payment date. Seale and Beers, CPA acted as accountant and Issuer Direct acted as stock transfer agent for JA Energy.