Alston Energy Inc. announces the filing of its Annual Financial Statements and Reserves Information for 2012

TSX Venture Exchange Trading Symbol: ALO

CALGARY, Aug. 28, 2012 /CNW/ - Alston Energy Inc. ("Alston" or the "Company") is pleased to announce that it has filed its audited financial statements and related management's discussion and analysis for the year ended April 30, 2012 with the Canadian securities regulatory authorities on SEDAR at www.sedar.com.

In addition, the Company has filed its statement of reserves data and other oil and gas information for the year ended April 30, 2012 as mandated by National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") of the Canadian Securities Administrators.

Alston's reserves were evaluated as at April 30, 2012 by Sproule Associates Ltd. ("Sproule"), an independent engineering firm. Sproule's evaluation was conducted in accordance with standards set out in the Canadian Oil and Gas Evaluation Handbook and is compliant with NI 51-101.

In addition, the Company has filed the unaudited interim financial statements for CanRock Energy Corp. ("CanRock") for the three and six months ended June 30, 2012 on SEDAR. CanRock was the reverse takeover acquirer of Alston under National Instrument 51-102 - Continuous Disclosure Obligations, pursuant to the recently completed plan of arrangement involving the Company and CanRock, which was effective July 17, 2012.

About Alston Energy Inc.

Alston Energy Inc. is a publicly traded junior oil producer targeting oil-based opportunities in Western Canada. The Company is focused on strategic oil-based acquisitions within its core areas, in addition to exploiting and exploring for incremental production and reserves.

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 press release.

SOURCE: Alston Energy Inc.

Don Umbach,    President & CEO
Telephone:   [phone] ext. 222
Fax:   [phone]
Email:    [email protected]

or

Pat Taguchi,    Chief Financial Officer
Telephone:   [phone] ext. 228
Fax:   [phone]
Email:    [email protected]

Web:    www.alstonenergy.ca

OR

Troy Winsor, VP Business Development 
Telephone: [phone] 
Email: [email protected]