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Press release from PR Newswire

Advantage Announces New Natural Gas Commodity Price Hedges

Tuesday, March 19, 2013

Advantage Announces New Natural Gas Commodity Price Hedges16:45 EDT Tuesday, March 19, 2013 (TSX: AAV, NYSE: AAV) CALGARY, March 19, 2013 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announces that it has entered into new natural gas commodity price hedges for 2014 and 2015. Advantage has now hedged the following average production volumes at the corresponding averages prices for the periods as follows:                           Period  Average Volume Hedged  Average Price $Cdn. AECO 2013 Year            29,224 mcf/d            $3.31/mcf 2014 Year            33,174 mcf/d            $3.78/mcf 2015 Q1            33,174 mcf/d            $4.01/mcf                           Below is a detailed list of individual derivative contracts as at March 18, 2013:                                                           Average Price Description of Derivative          Term        Volume        $Cdn. AECO Natural gas - AECO                             Fixed price           January 2013 to December 2013        14,217 mcf/d        $3.51/mcf   Fixed price           April 2013 to October 2013        9,478 mcf/d        $3.14/mcf   Fixed price           April 2013 to October 2013        9,478 mcf/d        $3.17/mcf   Fixed price          April 2013 to October 2013        4,739 mcf/d        $2.95/mcf   Fixed price          July 2013 to September 2013        4,739 mcf/d        $3.22/mcf   Fixed price          January 2014 to March 2014        14,217 mcf/d        $3.85/mcf   Fixed price          January 2014 to March 2014        18,956 mcf/d        $3.84/mcf   Fixed price          April 2014 to October 2014        14,217 mcf/d        $3.68/mcf   Fixed price          April 2014 to October 2014        18,956 mcf/d        $3.68/mcf   Fixed price          November 2014 to March 2015        14,217 mcf/d        $4.02/mcf   Fixed price          November 2014 to March 2015        18,956 mcf/d        $4.01/mcf                             SOURCE Advantage Oil & Gas Ltd.For further information: <p> </p> <p> Investor Relations<br/> <b>Toll free: 1-866-393-0393 </b> </p> <p> <b>ADVANTAGE OIL & GAS LTD.</b><br/> 700, 400 - 3rd Avenue SW<br/> Calgary, Alberta<br/> T2P 4H2<br/> Phone: (403) 718-8000<br/> Fax: (403) 718-8300<br/> Web Site: <a href="http://www.advantageog.com">www.advantageog.com</a> </p>