Cardiff Energy Corp. to complete the Jennings Sand and Goen Lime formations in the Bearcat #4 well

Vancouver, BC / ACCESSWIRE / November 12, 2014 / CARDIFF ENERGY CORP. (the "Company") (TSX-V: "CRS") is pleased to announce a further update on the testing of the Bearcat # 4 well in Ballinger, Texas. Martin Energy, operator of the Bearcat # 4 well reports the Gardiner Lime to date has produced a significant amount of gas and given time as the gas cap is depleted, oil should begin to flow as indicated from the logs.

As has been previously reported there are five additional zones that have been identified in the well and logs indicate that testing is warranted. Above the Gardiner Lime lie the Jennings Sand, the Goen Lime, the Middle Caps, and the Dog Bend Lime with the top formation being the Palo Pinto Lime.

A decision has been made to proceed with perforating and testing the two formations immediately above the Gardiner Lime; the Jennings Sand and the Goen Lime. These two formations can be produced along with the Gardiner simultaneously. Dennis Martin of Martin Energy reports the Jennings Sand has produced 50,000 Barrels of Oil and the Goen Lime 100,000 Barrels of Oil cumulatively in the surrounding area. A work-over rig has been contracted and will arrive on Thursday, November 13, 2014. The Jennings Sand and Goen Lime formations will be perforated and co-mingled with production from the Gardner Lime. The entire process should be completed in 7 days and results will be announced. Cardiff owns a 60% working interest in the Bearcat # 4 well.

Jack Bal, President of Cardiff states, "We are very excited to test these two prolific zones in the Bearcat # 4 well. We look forward to receiving the results."

In addition, the company wishes to announce that it has agreed to issue up to 1,750,000 units at $0.15 per unit, with each unit consisting of one common share and one transferable share purchase warrant. One warrant will be exercisable for one additional common share at $0.25 per share during the next two years. The proceeds derived from the placement will be used to complete the Bearcat #4 well and for general working capital. This transaction is subject to TSX Venture Exchange approval.

To learn more about the Bearcat #4 well please visit:

http://www.cardiffenergy.com/i/pdf/reports/BEARCAT-4-July-2014.pdf

About the Company

Cardiff is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. Cardiff is listed on the TSX Venture Exchange under the symbol CRS. For additional details please visit Cardiff's website at www.cardiffenergy.com

For additional information contact:

Jack Bal, President

Cardiff Energy Corp

604-306-5285

jackbalyvr@gmail.com

ON BEHALF OF THE BOARD OF DIRECTORS

"Lorne Torhjelm"

Lorne Torhjelm,

Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements relating to the future operations of the Company. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws. 

SOURCE: Cardiff Energy Corp