SilverWillow Energy Corporation 3100, 715 - 5th Avenue SW, Calgary, AB T2P 2X6 T 403 538 7030 F 403 538 7033

NEWS RELEASE For Immediate Release: February 27, 2013 TSX V Trading Symbol: SWE SILVERWILLOW ENERGY CORPORATION ISSUES OPTIONS Calgary, Alberta, Canada - SilverWillow Energy Corporation ("SilverWillow") (TSXV:SWE) today announces that, pursuant to the provisions of its stock option plan, it has granted an aggregate of 984,000 options to officers and employees. The options have an exercise price of

$0.77 per share. The options granted vest as to one third on the first anniversary of the date of grant, one third on the second anniversary of the date of grant and the balance on the third anniversary of the date of grant. The options expire on February 26, 2020. All stock option grants of SilverWillow are subject to receipt of the necessary regulatory approvals.

About SilverWillow Energy

SilverWillow Energy Corporation is a Calgary, Alberta based pre-production oil sands company with a portfolio of exploration leases in Canada's Athabasca oil sands. To learn more, please visit www.swenergy.ca.
For further information, please contact Howard J. Lutley, President and Chief Executive Officer, at (403) 538-7030.

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