Hemisphere Energy Commences Development Drilling Program

Hemisphere Energy Corporation (TSX-V: HME) (“Hemisphere” or the “Company”) is pleased to announce that it has commenced its winter development drilling program in Atlee Buffalo, southeast Alberta.

Hemisphere has begun its three-well drilling program in Atlee Buffalo, which includes one producer and two injectors.  All three of these wells are located in the Upper Mannville G pool where the Company recently constructed a centralized oil facility to separate and re-inject produced water from the pool.  The producing well will be drilled into the thickest part of the pool where injection was recently added, and the two water injectors will set-up pressure maintenance for a substantial follow-up drilling program of producers planned for the summer.  Results of this winter drilling program will be announced as they become available.

About Hemisphere Energy Corporation

Hemisphere Energy Corporation is a producing oil and gas company focused on developing conventional oil assets with low risk drilling opportunities.  Hemisphere plans continual growth in production, reserves, and cash flow by focusing on existing assets with significant growth potential and executing strategic acquisitions.  Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “HME”.

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