American Eagle Energy Announces Sale of Certain Non-Core Assets to Enhance Liquidity

American Eagle Energy Corporation (NYSE MKT:

) ("American Eagle" or the "Company"), announces that it recently closed the sale of certain non-core, non-operated working interests in oil and gas properties located in Divide County, North Dakota (the "Properties") to an independent exploration and production company for a total sales price of $9.5 million in cash (before customary sales price adjustments). The transaction closed on January 22, 2015, with an effective date of November 1, 2014. The Properties represent approximately 120 net barrels of oil equivalent per day produced from approximately 25 gross (1.45 net) wells that consist of non-operated working interests in approximately 1,185 net leasehold acres. The proceeds will be used to enhance the Company's liquidity position. Following the transaction, American Eagle continues to hold additional working interest and production from other non-operated wells and is currently contemplating sales of some of these assets that could further enhance its liquidity.