Valeura to Present at Canaccord Genuity Global Resources Conference in Miami on October 18, 2012

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

CALGARY, Oct. 17, 2012 /CNW/ - Valeura Energy Inc. ("Valeura" or the "Corporation") (TSX: VLE) wishes to announce that its President and Chief Executive Officer, Jim McFarland, will make a presentation at the Canaccord Genuity Global Resources Conference in Miami, Florida, on October 18, 2012.

The webcast of the presentation may be accessed via the link http://wsw.com/webcast/canaccord7/vle.to/ as well as from Valeura's website at www.valeuraenergy.com.  The webcast will begin at 1:30 p.m. EDT on October 18, 2012.

ABOUT THE CORPORATION

Valeura Energy Inc. is a Canada-based public company currently engaged in the exploration, development, and production of petroleum and natural gas in Turkey and Western Canada.

Additional information relating to Valeura is also available on SEDAR at www.sedar.com.

Advisory Regarding Forward-Looking Statements

The webcast and presentation referred to in this news release contain certain information constituting forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "target", "goal", "propose", "project" or similar words suggesting future outcomes or statements regarding an outlook. Forward looking information in the presentation includes information regarding anticipated work programs and capital expenditure budgets; operational plans, including seismic, drilling, workovers, fracs and completions and the timing associated with each of the foregoing; technical decision-making; and, the estimated costs of such studies, seismic, drilling and operations in Turkey and expected capital expenditures. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Forward looking information is based on management's current expectations and, although the Corporation believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Corporation can give no assurance that such expectations will prove to be correct.

Forward looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. The material risk factors affecting the Corporation and its business are similar to those of other companies engaged in the business of exploring for and producing oil and gas, both domestically and in foreign countries, and include, but are not limited to: risks in identifying and acquiring oil and gas interests on acceptable terms, financing risks, oil and gas industry operational risks in development, exploration, and production, the ability to attract and retain key personnel, the risks associated with international activity (including the uncertainty associated with negotiating with foreign governments and third parties located in foreign jurisdictions), delays or changes in plans with respect to exploration or development projects or capital expenditures, the uncertainty of geological interpretations, the uncertainty of estimates and projections relating to reserves, production, costs and expenses, the uncertainty regarding the sustainability of initial production rates and decline rates thereafter, the risk of commodity price and foreign exchange rate fluctuations, the risk of partners having different views on work programs and potential disputes, the risks associated with weather delays and natural disasters, and the risk that the required regulatory approvals will not be obtained for the Corporation's proposed future activities. Accordingly, there can be no assurance that the actions expected to be undertaken by the Corporation will be completed as contemplated. The forward-looking information contained in the presentation and webcast is made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information is expressly qualified by this cautionary statement.

SOURCE: Valeura Energy Inc.

Jim McFarland, President and CEO
Valeura Energy Inc.
[phone]
[email protected]

Steve Bjornson, CFO
Valeura Energy Inc.
[phone]
[email protected]
www.valeuraenergy.com