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NuVista Energy Ltd. Announces Filing of Final Prospectus and Disclosure of Selected Unaudited 2010 Results

CALGARY, ALBERTA--(Marketwire - Feb. 28, 2011) -


NuVista Energy Ltd. (TSX:NVA) ("NuVista" or the "Company") is pleased to announce that it has filed and obtained a receipt for its final prospectus with respect to its previously announced public offering of 3,500,000 common shares which includes selected unaudited year end and fourth quarter 2010 financial and operating information. The offering is scheduled to close on or about March 8, 2011 and is subject to customary regulatory approvals including the approval of the Toronto Stock Exchange (the "TSX").

This press release is not an offer of the Shares for sale in the United States. The Shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province or other jurisdiction.

NuVista's press release of its unaudited fourth quarter results is expected to be released on March 7, 2011 and its audited consolidated financial statements are expected to be filed on SEDAR ( on or before March 31, 2011.


NuVista is an independent Canadian oil and natural gas exploration, development and production company with its common shares trading on the Toronto Stock Exchange under the symbol "NVA".

Advisory Regarding Forward-Looking Information and Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "will", "expects", "believe", "plans", "potential" and similar expressions are intended to identify forward-looking statements or information. More particularly and without limitation, this press release contains forward looking statements and information concerning: the timing of the release and/or filing of NuVista's fourth quarter and annual results; and the timing of the completion of the offering.

The forward-looking statements and information in this press release are based on certain key expectations and assumptions made by NuVista, including the satisfaction of the conditions of closing of the Offerings on the timing planned, and the receipt, in a timely manner, of regulatory and other required approvals. Although NuVista believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because NuVista can give no assurance that they will prove to be correct.

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to the risks associated with a failure to satisfy conditions to closing of the offering; failure to obtain the necessary regulatory and other approvals, including stock exchange approvals and on the timelines planned; and risks that conditions to closing of the offering are not satisfied.

The forward-looking statements and information contained in this press release are made as of the date hereof and NuVista undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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