Eaglewood Energy : Announces Shareholder Approval of the Plan of Arrangement

CALGARY, ALBERTA--(Marketwired - July 8, 2014) -

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Eaglewood Energy Inc. (TSX VENTURE:EWD) ("Eaglewood") is pleased to announce that it held its annual general and special meeting of shareholders (the "Meeting") today, and the previously announced plan of arrangement (the "Arrangement") involving Eaglewood, Transform Exploration Pty Ltd., EEI Acquisition Ltd. and the shareholders of Eaglewood was approved by Eaglewood shareholders holding 90% of the Eaglewood shares who voted on the Arrangement in person or by proxy at the meeting. There were no dissenting shareholders. Additionally, Eaglewood received the final approval of the Court of Queen's Bench of Alberta of the Arrangement, and the closing of the Arrangement is expected to occur on July 9, 2014.

About Transform Exploration Pty Ltd.

Transform is a private, independent international oil and gas exploration company focused on the Australasian and South-East Asian regions.

Forward-Looking Information

This news release contains forward-looking information that involves known and unknown risks and uncertainties, most of which are beyond Transform's control, including, without limitation, those listed under "Risk Factors" and "Forward-Looking Statements" in Eaglewood's information circular distributed in connection with the Arrangement. Forward-looking information in this news release includes, but is not limited to, information concerning the anticipated closing date of the Arrangement. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking information. Accordingly, undue reliance should not be placed on this forward-looking information. This forward-looking information is made as of the date of this release and, other than as required by applicable securities laws, Transform does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

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