Arete Industries, Inc. announced that it will participate as a working interest owner in three horizontal wells to be drilled in Campbell County, Wyoming in the Turner zone. The following is a description of the wells. The Thielen #1-21 is in Section 21 Township 43N.

This well is currently being drilled to a total depth of approximately 15,350 including the lateral. The Company will have an approximate 1.06% working interest. The Thielen #2-21 is in Section 21 Township 43N.

This well is scheduled to be drilled in the summer of 2014 and is planned to be drilled to a total depth of approximately 15,330 feet including the lateral. The Company will have an approximate 1.06% working interest. The Starlight Federal 28H is located in Section 7, Township 43N.

This well is scheduled to be drilled in the first quarter of 2014 and is planned to be drilled to a total depth of approximately 15,310 including the lateral. The Company will have an approximate 0.7025% working interest.