Brookwater Enters Into Promissory Note

Thu Feb 7, 2013 7:00pm EST

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Marketwire

Brookwater Ventures Inc.

February 7, 2013 - 07:00:00 PM

Brookwater Enters Into Promissory Note

CALGARY, ALBERTA--(Marketwire - Feb. 7, 2013) - Brookwater Ventures Inc. (TSX
VENTURE:BW) reports that it has entered into an unsecured promissory note (the
"Note") with a third party lender (the "Holder"), pursuant to which the Holder
has agreed to lend to Brookwater CDN$100,000. Brookwater intends to use the
proceeds of the Note for general working capital purposes. 

The principal under the Note will incur interest at a rate of 13% per year and
the Note shall mature on February 7, 2014 (the "Maturity Date"). At any time
up until the Maturity Date the company shall have the right to re-pay the full
outstanding principal under the Note at any time without penalty.

About Brookwater: 

Brookwater Ventures Inc. is a Canadian independent oil exploration company
focused on growing its asset base primarily in Brazil. 

Forward-looking information

This news release contains forward-looking information relating to the
Company's growth and corporate strategy, and other statements that are not
historical facts. Forward-looking information relates to management's future
outlook and anticipated events or results, and may include statements or
information regarding the Note or use of proceeds from the Note; and the
future plans or prospects of the Company. Although management of the Company
has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there
may be other factors that cause results not to be as anticipated, estimated or
intended. 

Forward-looking information is subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what
is currently expected. These factors include risks and uncertainties
associated with oil and gas exploration, development, exploitation, delays
resulting from or inability to obtain required regulatory approvals and
ability to access sufficient capital from internal and external sources,
reliance on key personnel, regulatory risks and delays and other risks and
uncertainties discussed in the management discussion and analysis section of
the Company's interim and most recent annual financial statement or other
reports and filings with the TSX Venture Exchange and applicable Canadian
securities regulations. There can be no assurance that such information will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking information.

The forward-looking statements contained in this news release are made as of
the date of this news release. Except as required by law, the Company
disclaims any intention and assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Additionally, the Company undertakes no obligation to
comment on the expectations of, or statements made by, third parties in
respect of the matters discussed above.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Brookwater Ventures Inc.
Ahmed Said
President & CEO
403-263 3000
asaid@forbesenergygroup.com




        

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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