Longview Announces Update on Unsolicited Non-Binding Proposal

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

(TSX: LNV)

CALGARY, Feb. 11, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") announces that further to its press release issued earlier today regarding the receipt of an unsolicited non-binding proposal (the "Proposal") from a public oil and gas company (the "Interested Party") to purchase all of the issued and outstanding shares of Longview ("Longview Shares"), Longview has been advised that the Interested Party has submitted an expression of interest to the underwriters (the "Underwriters") for the secondary offering of Longview Shares held by Advantage Oil & Gas Ltd. (the "Secondary Offering"), to purchase, and the Underwriters have allocated to the Interested Party, 9.3 million Longview Shares under the Secondary Offering, representing approximately 19.8% of the issued and outstanding Longview Shares.

There is no assurance that the Interested Party will acquire any Longview Shares under the Secondary Offering. Further, there is no assurance that the Interested Party will effect any transaction with Longview, or that any transaction will result from the Proposal or, if a transaction is effected, as to the terms of any such transaction.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Longview in any jurisdiction in which such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the U.S. Securities Act or any U.S. state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.

SOURCE Longview Oil Corp.

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Longview Oil Corp.
700, 400 -3rd Avenue SW
Calgary, Alberta
T2P 4H2
Phone:  (403) 718-8000
Fax:      (403) 718-8300
Web Site: www.longviewoil.com
E-mail:  ir@longviewoil.com