CALGARY, ALBERTA--(Marketwire - Dec. 13, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Trilogy Energy Corp. (TSX:TET) today announced that it has closed its sale of C$300 million aggregate principal amount of 7.25% senior unsecured notes due December 13, 2019 (the "Notes") at par.

The Notes were offered by way of private placement to purchasers in Canada by a syndicate of underwriters led by Scotiabank, RBC Capital Markets and BMO Capital Markets as joint book runners and including CIBC World Markets, TD Securities, AltaCorp Capital Inc. and Stifel Nicolaus Canada Inc.

The Notes have not been and will not be registered under any federal or state securities laws of the United States. Accordingly, the Notes may not be offered or sold within the United States, except in transactions exempt from the registration requirements of the federal and applicable state securities laws of the United States. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes in any jurisdiction.

About Trilogy

Trilogy is a growing petroleum and natural gas-focused Canadian energy corporation that actively develops, produces and sells natural gas, crude oil and natural gas liquids. Trilogy's geographically concentrated assets are primarily low-risk, high working interest properties that provide abundant infill drilling opportunities and good access to infrastructure and processing facilities, many of which are operated and controlled by Trilogy. Trilogy's common shares are listed on the Toronto Stock Exchange under the symbol "TET".

Publication Contributing Sources

• Market Wire