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New Zealand Energy Relinquishes East Coast Permit

May 21, 2015

May 21, 2015 – Vancouver, British Columbia – New Zealand Energy Corp. (“NZEC” or the “Company”) (TSX-V: NZ, OTCQX: NZERF) today announced that the Company has relinquished PEP52976 (East Cape) in the East Coast Basin of New Zealand’s North Island.

“NZEC is focused on its Taranaki Basin permits that offer near-term production potential.  The Company   does not consider that exploitation of the East Cape permit area is viable in the current commodity price environment,” said James Willis, Chairman.

On behalf of the Board of Directors

“James Willis”

Chairman

New Zealand Energy Corp.

New Zealand Energy Contacts

Chairman

James Willis

Email: info@newzealandenergy.com

Website: www.newzealandenergy.com

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

About New Zealand Energy Corp.

NZEC is a publicly-traded company (TSX-V:NZ) focused on the production and exploration of oil and natural gas prospects in New Zealand.

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