Fairborne Energy Ltd. : Fairborne Mails Information Circular in Connection with Meeting of Shareholders to Consider Change of Name and New Employee Share Compensation Arrangement

NEWS RELEASE Fairborne Energy Mails Information Circular in Connection with Meeting of Shareholders to Consider Change of Name and New Employee Share Compensation Arrangement CALGARY, ALBERTA, December 11, 2012 - Fairborne Energy Ltd. ("Fairborne" or the "Company") announces that it has mailed to shareholders of record as at the close of business on December 4, 2012, a management information circular (the "Information Circular") in connection with a special meeting of shareholders (the "Meeting") to be held on January 8, 2013, for the purpose of considering a change of name of the Company to Santonia Energy Inc. and to consider approval of a new employee share compensation arrangement.

The Information Circular provides details and information in respect of the foregoing matters to be considered at the Meeting and is available on SEDAR at www.sedar.com.

For further information contact:

Fairborne Energy Ltd.

Steven R. VanSickle Aaron G. Grandberg President and Chief Executive Officer Chief Financial Officer Tel: [phone] Tel: [phone]

Fax: [phone] Fax: [phone]

[e-mail] [e-mail] www.fairborne-energy.com www.fairborne-energy.com

Forward-Looking Statements:

Certain information set forth in this press release, contain forward-looking statements including the timing of the Meeting. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Fairborne's control. Additional information on risks that could affect Fairborne's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com), or at Fairborne's website (www.fairborne-energy.com). Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The actual results, performance or achievement of Fairborne could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Fairborne
will derive therefrom. Fairborne disclaims any intention or obligation to update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise, except as required by applicable securities laws.

Main: [phone] • Fax: [phone], 450 - 1st Street SW Calgary, AB Canada T2P 5H1