Tesla Exploration Comments Regarding Recent Trading Activity

Symbol: TXL
Stock Exchange: TSX

CALGARY, May 4, 2015 /CNW/ - Tesla Exploration Ltd. ("Tesla" or the "Company") is responding to a request from the Investment Industry Regulatory Organization of Canada, on behalf of the Toronto Stock Exchange, following recent trading activity. Tesla is not aware of any corporate developments to account for this recent market activity. The Company does not intend to comment further.

Additional information relating to the Company may be located on SEDAR at www.sedar.com.

About Tesla

Tesla provides seismic land data acquisition in a multitude of environments in Canada through Tesla Exploration Partnership, in the U.S.A. through Tesla Exploration Inc., in South and Central America through Tesla Exploration Trinidad Ltd., Tesla Exploration Colombia S.A.S. and Tesla Do Brasil Geotecnia Ltda., which was incorporated in 2014 to explore offshore opportunities off the coast of Brazil. Tesla serves other markets in Europe and Africa through Tesla Exploration International Limited. Tesla has an international data processing office in the United Kingdom. Tesla Offshore LLC operates geophysical hazard surveys and provides positioning services for construction and diving operations in the Gulf of Mexico and internationally using its own vessel and other chartered vessels. Tesla trades on the TSX under the symbol "TXL".

SOURCE Tesla Exploration Ltd.

Requests for shareholder information should be directed to: Mr. Richard Habiak, President and CEO, [phone]; Mr. Graham Reid, Vice President and CFO, [phone]