Contact Exploration Announces Filing of Results for the Quarter Ended June 30, 2012

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

(TSX-V:CEX)

CALGARY, Aug. 27, 2012 /CNW/ - Contact Exploration Inc. (TSXV: CEX) announces that it has filed its unaudited Condensed Interim Consolidated Financial Statements for the three month period ended June 30, 2012 and the related Management's Discussion and Analysis on www.sedar.com.

About Contact Exploration Inc.

Contact Exploration Inc. is a public company which is currently pursuing a new core area in Alberta's "Deep Basin" targeting the Montney Formation. Historically, the Company has been focused on Canadian East Coast onshore oil and gas exploration and development. Our philosophy is to operate exploration and development in our core areas of Stoney Creek, Hillsborough and Edgett's Landing, New Brunswick, and Deep Basin, Alberta, and to participate through overrides and carried interests in certain regional unconventional plays in Nova Scotia and Newfoundland.

Neither 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.

SOURCE: Contact Exploration Inc.

Steve Harding 
President and CEO
Contact Exploration Inc.
Phone: [phone]
Fax: [phone]
Email: [email protected]
www.contactexp.com