Azabache Energy : Announces Repayment of Convertible Loan in Shares

CALGARY, ALBERTA--(Marketwired - July 22, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Azabache Energy Inc. ("Azabache" or the "Company") (TSX VENTURE:AZA) is pleased to announce that pursuant to the terms of the previously announced debt offering on May 15, 2013, it has repaid in full, the principal amount under its convertible loan (the "Loan") of $350,000 through the issuance of an aggregate of 2,058,823 common shares of the Company (the "Common Shares") at a deemed price of $0.17 per Common Share. The interest under the Loan shall be repaid to the lender in cash. The Common Shares are subject to a hold period from trading until November 18, 2014.

For further information on Azabache please visit the Company's website at www.azaenergy.com.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.