FOR IMMEDIATE RELEASE

Calgary, Alberta, February 3, 2015 - Calvalley Petroleum Inc., (TSX: CVI.A) announces the resignation of director


Calvalley Petroleum Inc. ("Calvalley" or the "Company") (TSX: CVI.A) announces that effective immediately
Mr. Bernard de Combret has resigned from the Board of Calvalley.
The Board of Directors and Chairman Mr. Shimoon wishes to thank Bernard for his contributions to the Company as a director over the last four years. Bernard was a member of the Reserves Committee and the Corporate Governance Committee. He made a significant contribution to the Board from his many years of experience and knowledge of the international oil and gas industry.
Calvalley is an international oil and gas company, with offices in Calgary, Alberta, Canada, that operates its
50% working interest in Block 9 of the Masila Basin, in The Republic of Yemen.

For additional information, please contact:

investorrelations@calvalleypetroleum.comor +1 (403) 297-0490

Edmund Shimoon, Chairman and CEO Gerry Elms, CFO

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