Alston Energy Inc. Announces Imposition of Cease Trade Order and Suspension of Trading of Common Shares

CALGARY, May 7, 2014 /CNW/ - Alston Energy Inc. ("Alston" or the "Company") is advising that, further to its press release of May 5, 2014, it has received correspondence from the Alberta Securities Commission (the "ASC") that it has cease traded the common shares of the Company, which were trading on the facilities of the TSX Venture Exchange ("TSXV"), as a result of the failure by the Company to file audited annual financial statements and related management's discussion and analysis for the period ended December 31, 2013 together with the related certification of filings under National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings. The Company subsequently received correspondence from the TSXV advising that the common shares of the Company were being suspended from trading on the facilities of the TSXV as a result of the cease trade order issued by the ASC.

The Company is currently subject to proceedings before the Alberta Court of Queen's Bench pursuant to the Company's Companies' Creditors Arrangement Act (the "CCAA").

For additional information about Alston please visit our website www.alstonenergy.ca or under the company profile on SEDAR www.sedar.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 press release.

SOURCE Alston Energy Inc.

For further information:

ALSTON ENERGY INC. 

Don K. Umbach, President & CEO
Tel.: (403) 265-2770 Ext. 222
Email: don.umbach@alstonenergy.ca  

Neil G. Burrows, VP Finance & CFO
Tel.: (403) 265-2770 Ext. 228
Email: nburrows@alstonenergy.ca