WSX Wild Stream Exploration Inc.

Wild Stream Exploration Inc. ("Wild Stream" or the "Company") (TSX VENTURE:WSX)
is pleased to announce that it has increased reserves and net asset value of the
Company. With the closing of multiple acquisitions in the first half of 2010
Wild Stream's reserve report consisted of reserve reports from four different
independent evaluators. To consolidate and update these prior reserve reports
Wild Stream engaged Sproule Associates Ltd ("Sproule"). The drilling success
achieved in the first half of 2010 was incorporated into the report resulting in
significant positive revisions to the Company's reserves. The highlights of the
report are as follows:


May 31, 2010 Reserve Report Highlights:



--  Total proved plus probable ("P+P") reserves grew to 10.7 million boe
    (94% oil and natural gas liquids), a 122 per cent increase over the
    December 31, 2009 reserves of 4.8 million boe. 
--  Net asset value per fully diluted share calculated on a present value
    before tax of 10 per cent ("PVBT10") increased to an estimated $6.50 per
    share at May 31, 2010, a 41 per cent increase from $4.61 per share on
    December 31, 2009(2)(3). 
--  Total proved ("TP") reserves grew to 6.7 million boe, a 114 per cent
    increase over the December 31, 2009 reserves of 3.2 million boe. 
--  PVBT10 of P+P reserves of $237.2 million(1)(3), an increase of 124 per
    cent over the December 31, 2009 net present value of $106 million. 
--  PVBT10 of TP reserves of $154.3 million(1)(3), an increase of 104 per
    cent over the December 31, 2009 net present value of $75.6 million. 
--  P+P reserves life index of 14.6 years based on June exit production of
    approximately 2,000 boepd. 



Operational Update

The Company has drilled 18 (16.2 net) crude oil wells during the first half of
2010 with results that continue to exceed our expectations. Since the Company's
last update on May 27, 2010 the most significant change has been with the
continued positive results achieved in the Upper Shaunavon as outlined below:


Upper Shaunavon Formation



--  3 gross (2.8 net) wells on production at a current combined gross rate
    of 470 bbls/d of oil. 
--  The fourth well has been drilled and is awaiting completion in early
    July. It has exhibited a similar geological signature to the first
    three. 
--  The fifth well is currently being drilled. 
--  Management now estimates that the Upper Shaunavon horizon alone contains
    more than 100 million barrels of total petroleum initially in place with
    less than 2% recovered to date. 
--  Continued step-out drilling is ongoing with the expectation that up to 6
    additional horizontal wells will be drilled in the second half of 2010. 
--  The first phase of the waterflood has been operating since late February
    and continues to show positive performance in both the horizontal and
    vertical wells offsetting the injectors. 
--  Waterflood expansion is occurring with the current capital program
    anticipating that approximately 30% of the pool will be under waterflood
    by late in the third quarter. 



Additional activities on our other resource oil areas expected in the second
half of 2010 are as follows:




--  Lower Shaunavon formation will see up to 5 additional horizontal oil
    wells drilled. 
--  Viking formation at Dodsland will see up to 10 additional horizontal oil
    wells drilled. 
--  Cardium formation at Garrington will see an additional 1-2 horizontal
    oil wells drilled. 



We remain committed to increasing shareholder value through a combination of
exploration, exploitation and strategic acquisitions and dispositions while
maintaining a conservative approach to balance sheet management. Wild Stream
trades on the TSXV under the symbol "WSX". Wild Stream currently has 36.9
million common shares outstanding in addition to 7.7 million common share
purchase warrants and 2.1 million common share stock options.


RESERVE NOTES



1.  As required by NI 51-101, undiscounted well abandonment costs of $15.5
    million for total proved reserves and $19.1 million for total proved
    plus probable reserves are included in the Net Present Value
    determination 
2.  Net asset value was calculated by adding the proved plus probable net
    present value at 10% discount and $49 million of undeveloped land not
    included in the most current engineering report subtracting the net debt
    and adding the proceeds of dilutive securities and then dividing the
    total value by the number of fully diluted shares outstanding.
    Undeveloped lands were internally evaluated in accordance with the
    standards of NI 51-101.  
3.  Estimated values do not represent fair market value. 



FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. More particularly, this
press release contains statements concerning Wild Stream's reserves and values
attributable thereto, per share growth and Wild Stream's growth strategy. In
addition, the use of any of the words "current", "scheduled", "will", "prior
to", "estimate", "anticipate", "believe", "potential", "should", "forecast",
"future", "continue", "may", "expect", "project", and similar expressions are
intended to identify forward-looking statements. The forward-looking statements
contained in this document are based on certain key expectations and assumptions
made by Wild Stream, including the expectations and assumptions concerning the
success of optimization and efficiency improvement projects, the availability of
capital, expectations and assumptions concerning the success of future drilling
and development activities, the performance of existing wells, the performance
of new wells and prevailing commodity prices and capital expenditures.


Although Wild Stream believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Wild Stream can give no
assurance that they will prove to be correct.


Since forward-looking statements 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 failure to obtain
necessary regulatory approvals or satisfy the conditions to closing the
transactions, risks associated with the oil and gas industry in general (e.g.,
operational risks in development, exploration and production; delays or changes
in plans with respect to exploration or development projects or capital
expenditures; the uncertainty of reserve estimates; the uncertainty of estimates
and projections relating to production, costs and expenses, and health, safety
and environmental risks), commodity price and exchange rate fluctuations and
uncertainties resulting from potential delays or changes in plans with respect
to exploration or development projects or capital expenditures. Certain of these
risks are set out in more detail in Wild Stream's Annual Information Form which
has been filed on SEDAR and can be accessed at www.sedar.com.


The forward-looking statements contained in this document are made as of the
date hereof and Wild Stream 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.


MEANING OF BOE

When used in this press release, BOE means a barrel of oil equivalent on the
basis of 1 BOE to thousand cubic feet of natural gas. boepd means a barrel of
oil equivalent per day.


BOE's may be misleading, particularly if used in isolation. A BOE conversion
ratio of 1 BOE for 6 thousand cubic feet of natural gas is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead.

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