Daylight Energy Ltd. ("Daylight" or the "Corporation") (TSX:DAY) is pleased to
announce that it is offering for disposition certain non-core properties in
British Columbia, Alberta and Saskatchewan. FirstEnergy Capital Corp.
("FirstEnergy") has been retained as Daylight's exclusive financial advisor for
the proposed disposition.


It is anticipated that detailed information will be made available through
FirstEnergy in early September, at which time access to confidential information
and a virtual data room will be made available to interested parties who execute
a confidentiality agreement. Non-binding proposals will be due in mid-October
2010, with closings anticipated by year end. Additional details regarding this
divestiture process will be made available at www.firstenergy.com/Daylight.


These non-core assets will be grouped into eight separate packages with total
current production of approximately 5,300 boe per day and a 67% natural gas
weighting. This non-core production represents approximately 12% of Daylight's
Q2 2010 average daily production.


Successful disposition of all non-core properties offered for sale would reduce
Daylight's property count by 74% and our gross well count by approximately 55%
while reducing our production volumes by only 12%. Daylight will retain 100% of
our key operating and growth areas with our post-divestiture asset base
continuing to be highly focused on our core operating areas of Pembina, Elmworth
and West Central. Daylight intends to allocate all cash proceeds from the sale
of these assets to initially reduce indebtedness under Daylight's credit
facilities, and thereafter to fund additional growth through future capital
expenditures and acquisitions in our core operating areas.


Completion of the anticipated asset dispositions contemplated in this press
release is contingent on various factors, including without limitation favorable
market conditions, our ability to negotiate acceptable terms of sale and the
receipt of any required approvals for such dispositions. There can be no
assurance that all or any part of such assets will be disposed of by Daylight.




For any inquiries regarding this asset disposition process, please contact:

FirstEnergy Capital Corp.

Richard J. Matthews                       Peter C. Lundberg
Vice President & Director                 Vice President
403-262-0677                              403-444-4892
rjmatthews@firstenergy.com                pclundberg@firstenergy.com

Craig G. Burns                            Stacey D. Epp
Vice President                            Analyst
403-444-8268                              403-444-4897
cgburns@firstenergy.com                   adepp@firstenergy.com



Daylight is a growing intermediate oil and natural gas producing company with a
high quality suite of resource play assets in Western Canada. Our highly focused
team utilizes our technical expertise in exploitation, development and
acquisitions to create long-term value for our shareholders. Our team has
developed a multi-year inventory of repeatable, low risk exploitation resource
play projects with substantial potential reserve additions on assets we
currently own and control in the premier Deep Basin fairway of Alberta and
British Columbia including the active and highly competitive Pembina Cardium
light oil area.


Daylight has approximately 203 million Daylight Shares currently outstanding
which trade on the Toronto Stock Exchange ("TSX") under the symbol DAY. Daylight
Series B, Series C, and Series D convertible debentures trade on the TSX under
the symbols DAY.DB.B, DAY.DB.C and DAY.DB.D, respectively.


An updated corporate presentation is available on Daylight's website at
www.daylightenergy.com.


ADVISORY:

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 "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends" 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 Daylight's
intention to dispose of certain non-core assets, the timing of closing of such
disposition transactions and the use of the cash proceeds to be derived
therefrom.


The forward-looking statements and information in this press release are based
on certain key expectations and assumptions made by Daylight, including
expectations and assumptions concerning: our ability to negotiate acceptable
terms of sale; market demand for the assets forming the disposition packages;
and the receipt of required regulatory and other third party approvals for such
dispositions.


Although Daylight 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 Daylight can give no assurance that they will prove to be correct. There
is no representation by Daylight that such forward looking information will
prove to be the same in whole or in part as those forecast.


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 Daylight's
ability to negotiate acceptable terms for the non-core assets being marketed;
Daylight's ability to obtain all third party and regulatory approvals necessary
to dispose of such assets; and the other factors that could affect the business,
operations or financial results of Daylight which are included in reports on
file with applicable securities regulatory authorities, including but not
limited to Daylight Resources Trust's Annual Information Form for the year ended
December 31, 2009 and Daylight Resources Trust's Notice of Annual and Special
Meeting and Information Circular and Proxy Statement dated April 7, 2010, each
of which may be accessed on Daylight Resources Trust's (the predecessor to
Daylight) SEDAR profile at www.sedar.com.


The forward-looking statements and information contained in this press release
are made as of the date hereof and Daylight 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.


Barrels of Oil Equivalent

"Boe" or "barrel of oil equivalent" means barrel of oil equivalent on the basis
of 1 boe to 6,000 cubic feet of natural gas. Boe's may be misleading,
particularly if used in isolation. A boe conversion ratio of 1 boe for 6,000
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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