Mr. Jeff Chisholm reports

PAN ORIENT ANNOUNCES INTENTION TO COMMENCE NORMAL COURSE ISSUER BID

Pan Orient Energy Corp. intends to commence a normal course issuer bid for the purchase of its common shares. The bid is subject to regulatory approval, by the TSX Venture Exchange.

Under the terms of the bid, when accepted by the TSX-V, Pan Orient will be authorized to purchase, for cancellation, up to 4,705,920 of its common shares (10 per cent of the public float), subject to a maximum of 1,135,206 common shares (2 per cent of the 56,760,307 issued and outstanding common shares) during any 30-day period. The ability to purchase common shares under the bid will commence on or about March 12, 2015, and end one year from commencement or on the earlier date on which Pan Orient has either acquired the maximum number of common shares specified above or otherwise decided not to make any further purchases.

Purchases under the bid will be made from time to time by Mackie Research Capital Corp. on behalf of Pan Orient through the TSX-V. Common shares purchased will be paid for with cash available from Pan Orient's working capital. All common shares purchased will be cancelled.

Pan Orient believes that volatility in commodity prices and the resulting impact on its common shares provide opportunities to Pan Orient to purchase common shares at attractive prices and that the purchases are an appropriate use of funds that will enhance value of the common shares held by remaining shareholders.

We seek Safe Harbor.