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AvenEx Energy Corp. Closes Sale of Elbow River Marketing Business

CALGARY, ALBERTA--(Marketwire - Feb 15, 2013) - AvenEx Energy Corp. ("AvenEx") (AVF.TO) is pleased to announce that it has completed its previously announced sale of the assets of Elbow River Marketing Limited Partnership ("Elbow River") to a wholly owned subsidiary of Parkland Fuel Corporation ("Parkland") (PKI.TO) for Cdn.$80 million, subject to final closing adjustments.

An electronic copy of this press release may be obtained on AvenEx''s SEDAR profile at www.sedar.com.

AvenEx was created to provide stable, sustainable dividends to shareholders while providing modest growth and is focused on oil and gas development and production. AvenEx trades on the Toronto Stock Exchange under the symbol AVF.

For further information on AvenEx please go to our website at: www.avenexenergy.com.