Sonde Resources Corp. Announces Initiation of Western Canada Strategic Alternatives Process

Sonde has approximately 354,000 net acres of land (238,000 undeveloped). Of Sonde’s undeveloped acreage inventory, there are approximately 94,500 net acres in the Duvernay, 44,000 net acres in the Montney, 43,000 net acres in the Detrital-Banff and 51,000 net acres in the emerging Wabamun play.

Sonde’s western Canadian assets produced 2,155 barrels of oil equivalent per day in the third quarter of 2012 with 83 percent of its production in the southern Alberta cash-generating unit focused in the Greater Drumheller area. Sonde’s production was 68 percent natural gas and 32 percent liquids. At September 30, 2012, Sonde had $24.6 million in cash and an undrawn bank facility of $30 million.

As financial advisor to the Board of Directors (the “Board”) of Sonde, FirstEnergy will assist in the process of analyzing and evaluating prospects and options available to the Company, which may include, among other alternatives, a sale of all or a material portion of the assets of the Company, a strategic investment in Sonde’s undeveloped acreage, a joint venture, or a merger or other business combination involving Sonde. The Board has established a Special Committee comprised of independent directors to oversee the strategic review process.

Sonde has not set a timetable for the completion of the strategic alternatives process and it does not intend to comment further regarding the process unless a specific transaction is approved by the Board, the strategic alternatives process is concluded or it is otherwise determined that further disclosure is necessary. There can be no assurances that the process will result in a transaction of any form.

Further information on the assets and process will be available via FirstEnergy in early January, 2013. Questions regarding the process should be directed to the FirstEnergy contacts listed below.

Sonde recently announced it has reached a definitive farm out of a 66.67% interest in its offshore North Africa Joint Oil Block. The farm out calls for a transition of operatorship from Sonde to its new partner and potential removes the uncertainty of funding its exploratory well obligations or penalties. The farm out of the Joint Oil Block remains subject to various approvals including that of Joint Oil.

Boe Presentation – Reserve and resource information is commonly reported in units of barrel of oil equivalent (“boe”). For purposes of computing such units, natural gas is converted to equivalent barrels of oil using a conversion factor of six thousand cubic feet to one barrel of oil. This conversion ratio of 6:1 is based on an energy equivalent conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Such disclosure of boe’s may be misleading, particularly if used in isolation.

Forward Looking Information – This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, among others, those concerning the Company’s planned Western Canada strategic review process. There can be no assurances that the process will result in a transaction of any form.

Although management believes that the expectations reflected in the forward-looking information or forward-looking statements are reasonable, prospective investors should not place undue reliance on forward-looking information or forward-looking statements because Sonde can provide no assurance those expectations will prove to be correct. Sonde bases its forward-looking statements and forward-looking information on information currently available and do not assume any obligation to update them unless required by law.