Day: March 20, 2017

FOR: SUNSHINE OILSANDS LTD.HKSE SYMBOL: 2012Date issue: March 20, 2017Time in: 8:40 PM eAttention:
HONG KONG, CHINA and CALGARY, ALBERTA–(Marketwired – March 20, 2017) – The
Board of Directors of Sunshine Oilsands Ltd. (“the Company” or “Sunshine”)
(H…

FOR: TOTAL ENERGY SERVICES INC.TSX SYMBOL: TOTDate issue: March 20, 2017Time in: 5:43 PM eAttention:
CALGARY, ALBERTA–(Marketwired – March 20, 2017) – Total Energy Services Inc.
(“Total” or the “Corporation”) (TSX:TOT) announced today that, in connect…

FOR: TRAVERSE ENERGY LTD.TSX VENTURE SYMBOL: TVLDate issue: March 20, 2017Time in: 4:51 PM eAttention:
CALGARY, ALBERTA–(Marketwired – March 20, 2017) – Traverse Energy Ltd. (the
“Corporation”) (TSX VENTURE:TVL) is pleased to announce that the TSX Ven…

FOR: JURA ENERGY CORPORATIONTSX VENTURE SYMBOL: JECDate issue: March 20, 2017Time in: 4:36 PM eAttention:
CALGARY, ALBERTA–(Marketwired – March 20, 2017) – Jura Energy Corporation
(“Jura”) (TSX VENTURE:JEC) is pleased to announce that its wholly-owned…

FOR: LOOP ENERGY
Date issue: March 20, 2017Time in: 2:30 PM eAttention:
VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 20, 2017) – Loop Energy is
pleased to announce that it has secured $760,000 in funding through the
Government of Canada’s Western …

FOR: ENTERPRISE GROUP, INC.
TSX SYMBOL: E

Date issue: March 20, 2017
Time in: 9:00 AM e

Attention:

ST. ALBERT, ALBERTA–(Marketwired – March 20, 2017) – Enterprise Group, Inc.
(“Enterprise,” or “the Company”) (TSX:E), a consolidator of services to the
energy sector; focused primarily on construction services and specialized
equipment rental, today released its Q4 2016 and FY2016 results.

/T/

—————————————————————————-

Three months
Three months December Year ended
December 31, 2015 December
Consolidated: 31, 2016 restated(3)(4) 31, 2016
—————————————————————————-
Revenue $8,326,646 $6,928,381 $28,723,585
Gross margin $2,415,477 $312,879 $6,828,782
Gross margin % 29% 5% 24%
EBITDA(1) $1,827,760 ($120,950) $3,851,894
Loss before tax (2) ($8,311,697) ($19,466,008) ($15,553,151)
Net loss from continuing
operations (2) ($8,047,925) ($17,252,047) ($12,922,496)
Loss from discontinued
operations (3)(4) ($1,872,539) ($1,312,265) ($242,544)
Net loss and comprehensive loss
(2) ($9,920,464) ($18,408,292) ($13,165,040)
EPS ($0.18) ($0.35) ($0.24)
Total assets $84,600,493 $119,217,868 $84,600,493
—————————————————————————-

————————————————————-

Year ended
December
31, 2015 Change year
Consolidated: restated(3)(4) over year
————————————————————-
Revenue $39,754,739 ($11,031,154)
Gross margin $9,076,938 ($2,248,156)
Gross margin % 23% 1%
EBITDA(1) $5,500,260 ($1,648,366)
Loss before tax (2) ($23,250,495) $7,697,344
Net loss from continuing
operations (2) ($19,906,559) $6,984,063
Loss from discontinued
operations (3)(4) ($400,592) $158,048
Net loss and comprehensive loss
(2) ($20,307,151) $7,142,111
EPS ($0.40) $0.16
Total assets $119,217,868 ($34,617,375)
————————————————————-
(1) Identified and defined under “Non-IFRS Measures”.
(2) Includes a non-recurring and non-cash impairment charge of $8,436,911
(2015 – $16,558,240) relating to property, plant and equipment, intangible
assets and goodwill.
(3) In July 2016, the Company closed a transaction to divest substantially
all the assets of TCB. The net operations of TCB, including the prior
period, are presented as a single amount in the consolidated statements of
loss and comprehensive loss.
(4) In December 2016, the Company decided to cease all operations relating
to single pass tunneling. The net operations of this line of business,
including the prior period, are presented as a single amount in the
consolidated statements of loss and comprehensive loss.

/T/

For the FY 2016, revenues totaled C$28.7 million versus C$39.8 million FY 2015.

For Q4 ending December 31, 201, Enterprise saw a 20 percent increase in revenue
to C$8.3 million from C$6.9 million for the same period 2016. Gross profit
margin rose to 29% from 5% in Q4 2015.

As well, the Company is pleased to report positive EBITDA of C$1.8 million for
Q4 2016 versus (C$120,950) 2015. For the same period, EBITDA rose to 22% from
negative 2% in Q4 2015.

“Enterprise management is extremely encouraged by our latest results,” stated
Leonard D. Jaroszuk, CEO, President and Chairman. “From negative cash flow in
Q4 2015, management efforts raised that number to positive C$0.07 per share. As
well, we secured amended loan agreements to reduce our interest rate along with
more favourable covenants. Equally impressive is that the Company retired debt
of C$18.3 million through the funds (C$19.8 million) received from the
transaction to divest substantially all the assets of TC Backhoe & Directional
Drilling Ltd (TCB).”

The acquisition of TCB in 2007 for $12 million was immediately accretive.
During our 9.5 years of ownership, TC generated roughly 13-fold ($154 million)
the purchase price in revenues and extended our reputation as the premier and
frankly the only ‘One Stop Source’ for virtually every critical resource
construction service.

While it has been an extremely challenging period for resource companies in
Western Canada, Enterprise has demonstrated its confidence and ability to
analogously ‘weather the storm’ strongly while many competitors and clients are
either financially impaired or gone altogether.

Enterprise has turned in significant gross margin and EBITDA improvements
evidenced in the fourth quarter which is the result of determined leadership.
Management’s continued efforts to streamline and maximize efficiencies are now
firmly in place and delivering meaningful margin ratios while still navigating
a challenging landscape.

The improvements to profits and the rapid return to significant cashflow should
give investors’ and shareholders confidence for the future. Certainly, all is
still challenging in Western Canada, but today’s results show a significant
improvement in both business and the overall environment.

Enterprises’ clients include some of Canada’s largest energy producers, utility
service providers and the federal and provincial governments of Canada. The
Company employs management highly experienced in large infrastructure projects.

Given the noted limited visibility for 2017 activity and pricing levels,
Enterprise will maintain a conservative approach towards Capital Spending while
looking at fleet management and opportunistic asset dispositions. This approach
will allow management to both maintain critical financial flexibility, allow
for strategic, accretive acquisitions and continue to build compelling
shareholder value.

About Enterprise Group, Inc.

Enterprise Group, Inc. is a consolidator of construction services companies
operating in the energy, utility and transportation infrastructure industries.
The Company’s focus is primarily construction services and specialized
equipment rental. The Company’s strategy is to acquire complementary service
companies in Western Canada, consolidating capital, management, and human
resources to support continued growth. More information is available at the
Company’s website www.enterprisegrp.ca. Corporate filings can be found on
www.sedar.com

Forward Looking Information
Certain statements contained in this news release constitute forward-looking
information. These statements relate to future events or the Company’s future
performance. The use of any of the words “could”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking
information and are based on the Company’s current belief or assumptions as to
the outcome and timing of such future events. Actual future results may differ
materially. The Company’s Annual Information Form and other documents filed
with securities regulatory authorities (accessible through the SEDAR website
www.sedar.com) describe the risks, material assumptions and other factors that
could influence actual results and which are incorporated herein by reference.
The Company disclaims any intention or obligation to publicly update or revise
any forward-looking information, whether as a result of new information, future
events or otherwise, except as may be expressly required by applicable
securities laws.

Non-IFRS Measures
The Company uses International Financial Reporting Standards (“IFRS”). EBITDAS
is not a measure that has any standardized meaning prescribed by IFRS and is
therefore referred to as a non-IFRS measure. This news release contains
references to EBITDAS. This non-IFRS measure used by the Company may not be
comparable to a similar measure used by other companies. Management believes
that in addition to net income, EBITDAS is a useful supplemental measure as it
provides an indication of the results generated by the Company’s principal
business activities prior to consideration of how those activities are financed
or how the results are taxed. EBITDAS is calculated as net income excluding
depreciation, amortization, interest, taxes and stock based compensation.

– END RELEASE – 20/03/2017

For further information:
Leonard Jaroszuk
President & CEO
780-418-4400
OR
Desmond O’Kell
Senior Vice-President
780-418-4400
contact@enterprisegrp.ca

COMPANY:
FOR: ENTERPRISE GROUP, INC.
TSX SYMBOL: E

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170320CC0047

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.

FOR: TRANSCANADA
TSX SYMBOL: TRP
NYSE SYMBOL: TRP

Date issue: March 20, 2017
Time in: 9:00 AM e

Attention:

CALGARY, ALBERTA–(Marketwired – March 20, 2017) – News Release – TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it has
filed a variance application with the National Energy Board to proceed with
construction of the North Montney Mainline (NMML) Project in northeast British
Columbia (B.C.). TransCanada has previously been granted the required primary
federal and provincial approvals to construct NMML, subject to conditions that
included the requirement for a positive final investment decision on the
proposed Pacific Northwest LNG (PNW) Project.

The requested variance would allow TransCanada to move forward with
construction of the majority of the NMML Project, at an estimated capital cost
of approximately $1.4 billion, prior to a final investment decision on the PNW
LNG project. In support of the variance for the NMML Project, TransCanada has
secured new 20-year commercial contracts with 11 shippers for approximately 1.5
Bcf/d of firm service.

“This project adds significant pipeline capacity that connects new gas supplies
from the prolific Montney basin to the NGTL System and will provide access to
markets across North America,” said Karl Johannson, TransCanada’s executive
vice president and president, natural gas pipelines.

“This investment further affirms our commitment to build key natural gas
infrastructure in B.C. and ensures that the NGTL System can continue to
efficiently and competitively meet the transportation needs of our customers,”
added Johannson. “The North Montney Mainline Project will provide new jobs and
economic benefits for governments and communities, while supporting further
upstream resource investment in B.C.”

Subject to regulatory approvals, TransCanada plans to begin construction in the
first half of 2018, with facilities being phased into service over a two-year
period, beginning in April 2019.

With more than 65 years’ experience, TransCanada is a leader in the responsible
development and reliable operation of North American energy infrastructure
including natural gas and liquids pipelines, power generation and gas storage
facilities. TransCanada operates a network of natural gas pipelines that
extends more than 91,500 kilometres (56,900 miles), tapping into virtually all
major gas supply basins in North America. TransCanada is the continent’s
leading provider of gas storage and related services with 653 billion cubic
feet of storage capacity. A large independent power producer, TransCanada
currently owns or has interests in over 10,700 megawatts of power generation in
Canada and the United States. TransCanada is also the developer and operator of
one of North America’s leading liquids pipeline systems that extends over 4,300
kilometres (2,700 miles), connecting growing continental oil supplies to key
markets and refineries. TransCanada’s common shares trade on the Toronto and
New York stock exchanges under the symbol TRP. Visit TransCanada.com and our
blog to learn more, or connect with us on social media and 3BL Media.

FORWARD LOOKING INFORMATION

This publication contains certain information that is forward-looking and is
subject to important risks and uncertainties (such statements are usually
accompanied by words such as “anticipate”, “expect”, “believe”, “may”, “will”,
“should”, “estimate”, “intend” or other similar words). Forward-looking
statements in this document are intended to provide TransCanada security
holders and potential investors with information regarding TransCanada and its
subsidiaries, including management’s assessment of TransCanada’s and its
subsidiaries’ future plans and financial outlook. All forward-looking
statements reflect TransCanada’s beliefs and assumptions based on information
available at the time the statements were made and as such are not guarantees
of future performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it is expressed
in this news release, and not to use future-oriented information or financial
outlooks for anything other than their intended purpose. TransCanada undertakes
no obligation to update or revise any forward-looking information except as
required by law. For additional information on the assumptions made, and the
risks and uncertainties which could cause actual results to differ from the
anticipated results, refer to the Quarterly Report to Shareholders dated
February 16, 2017 and 2016 Annual Report filed under TransCanada’s profile on
SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at
www.sec.gov.

– END RELEASE – 20/03/2017

For further information:
Media Enquiries:
Shawn Howard / Mark Cooper
403.920.7859 or 800.608.7859
OR
TransCanada Investor & Analyst Enquiries:
David Moneta / Stuart Kampel
403.920.7911 or 800.361.6522

COMPANY:
FOR: TRANSCANADA
TSX SYMBOL: TRP
NYSE SYMBOL: TRP

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170320CC0031

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.

FOR: PERISSON PETROLEUM CORPORATIONTSX VENTURE SYMBOL: POGDate issue: March 20, 2017Time in: 8:30 AM eAttention:
CALGARY, ALBERTA–(Marketwired – March 20, 2017) – Perisson Petroleum
Corporation (“Perisson” or the “Company”) (TSX VENTURE:POG) announces…

FOR: PENGROWTH ENERGY CORPORATION
TSX SYMBOL: PGF
NYSE SYMBOL: PGH

Date issue: March 20, 2017
Time in: 8:09 AM e

Attention:

CALGARY, ALBERTA–(Marketwired – March 20, 2017) – Pengrowth Energy Corporation
(TSX:PGF)(NYSE:PGH) (the “Company” or “Pengrowth”) today announced that it has
entered into an agreement for the sale of a portion of its Swan Hills assets in
North Central Alberta for total cash consideration of $180 million, subject to
customary adjustments.

The sale of the Swan Hills assets is in keeping with the Company’s strategy to
de-lever its balance sheet while allowing it to streamline and high-grade its
remaining portfolio, and to concentrate on its core assets that are expected to
position the Company for substantial per share increases in reserves,
production and cash flow.

The divested assets generated average daily production of approximately 4,920
barrels of oil equivalent per day (boe per day) (weighted approximately 82
percent towards liquids) during the fourth quarter of 2016 and had Proved plus
Probable (2P) reserves of 31 million boe as at December 31, 2016, according to
the independent reserve evaluators GLJ Petroleum Consultants Ltd.

This transaction will allow Pengrowth to further reduce its level of debt. The
Company expects to use a portion of the sale proceeds to pre-pay the remaining
outstanding US $100 million (equivalent Cdn $134 million) of the 6.35% senior
term notes which are scheduled to mature on July 26, 2017. Following this
prepayment, Pengrowth will have no outstanding debt maturities in 2017 and the
Company’s proforma net debt as of May 31, 2017 will fall to approximately Cdn
$970 million.

The effective date of the sale is January 1, 2017 and closing is expected to
occur on May 31, 2017, subject to the receipt of all necessary regulatory
approvals and the satisfaction of other customary closing conditions.

In light of the announced transaction, Pengrowth is taking this opportunity to
update its 2017 corporate guidance to reflect the changes that result from the
sale and its increased concentration on its core assets. Full year 2017 average
production guidance is expected to be impacted by approximately 3,100 boe per
day, resulting in revised 2017 production to be between 47,000 and 49,000 boe
per day. The remaining changes to 2017 guidance resulting from the sale are
outlined in the table below:

/T/

—————————————————————————-

Original Guidance Revised Guidance
—————————————————————————-
Average daily production (boe per day) 50,000 to 52,000 47,000 to 49,000
—————————————————————————-
Total capital expenditures ($ millions) 125 125
—————————————————————————-
Funds flow from operations(1) ($
millions) 195 170
—————————————————————————-
Royalties(2) (% of sales) 9.0 9.0
—————————————————————————-
Operating costs(3) ($ per boe) 13.25 to 13.75 13.00 to 13.50
—————————————————————————-
Cash G & A(3) ($ per boe) 3.50 to 4.00 3.50 to 4.00
—————————————————————————-
1. Based on a WTI crude oil price of US $55.00/bbl, an AECO natural gas
price of Cdn $3.25/Mcf and a $0.74 USD/Cdn exchange rate
2. Royalties are before impacts of commodity risk management activities
3. Per boe estimates based on high and low ends of production guidance
—————————————————————————-

/T/

About Pengrowth:

Pengrowth Energy Corporation is an intermediate Canadian producer of oil and
natural gas, headquartered in Calgary, Alberta. Pengrowth’s assets include the
Lindbergh thermal oil, Cardium light oil, Swan Hills light oil and the
Groundbirch and Bernadet Montney gas projects. Pengrowth’s shares trade on both
the Toronto Stock Exchange under the symbol “PGF” and on the New York Stock
Exchange under the symbol “PGH”.

PENGROWTH ENERGY CORPORATION

Derek Evans, President and Chief Executive Officer

For further information about Pengrowth, please visit our website
www.pengrowth.com or contact:

Investor Relations, E-mail: investorrelations@pengrowth.com

About the Purchaser:

The purchaser of the Swan Hills assets is a private corporation, headquartered
in Calgary, focused on light oil exploitation and development in central
Alberta. Deloitte Corporate Finance acted as exclusive financial advisor and
agent to the purchaser in structuring and financing the transaction. Burgess
Energy Advisors and Shea Nerland Law acted as legal advisors to the purchaser.

Advisories:

Currency:

All amounts are stated in Canadian dollars unless otherwise specified.

Advisory Regarding Reserves and Production Information

All reserves and production information herein is based upon Pengrowth’s
company interest (Pengrowth’s working interest share of reserves or production
plus Pengrowth’s royalty interest, being Pengrowth’s interest in production and
payment that is based on the gross production at the wellhead), before
deduction of royalty obligations and using GLJ’s January 1, 2017 forecast
prices and costs as disclosed herein. Numbers presented may not add due to
rounding.

Caution Regarding Engineering Terms:

When used herein, the term “boe” means barrels of oil equivalent on the basis
of one boe being equal to one barrel of oil or NGLs or 6,000 cubic feet of
natural gas (6 mcf: 1 bbl). Barrels of oil equivalent may be misleading,
particularly if used in isolation. A conversion ratio of six mcf of natural gas
to one boe is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead.

Caution Regarding Forward Looking Information:

In the interest of providing our shareholders and potential investors with
information regarding us, including management’s assessment of our future plans
and operations, certain statements in this press release are forward-looking
statements within the meaning of securities laws, including the “safe harbour”
provisions of the Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. Forward-looking information is often,
but not always, identified by the use of words such as “anticipate”, “believe”,
“expect”, “plan”, “intend”, “forecast”, “target”, “project”, “guidance”, “may”,
“will”, “should”, “could”, “estimate”, “predict” or similar words suggesting
future outcomes or language suggesting an outlook. Forward-looking statements
in this press release include, but are not limited to, expected disposition
proceeds and the application thereof to reduce indebtedness; proforma
indebtedness, anticipated closing date and expected 2017 average daily
production, capital expenditures, funds flow from operations, royalties,
operating costs and cash G&A. Forward-looking statements and information are
based on current beliefs as well as assumptions made by and information
currently available to Pengrowth concerning anticipated financial performance,
business prospects, strategies and regulatory developments. Although management
considers these assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect.

By their very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and risks that predictions,
forecasts, projections and other forward-looking statements will not be
achieved. We caution readers not to place undue reliance on these statements as
a number of important factors could cause the actual results to differ
materially from the beliefs, plans, objectives, expectations and anticipations,
estimates and intentions expressed in such forward-looking statements. These
factors include, but are not limited to: changes in general economic, market
and business conditions; the volatility of oil and gas prices; fluctuations in
production and development costs and capital expenditures; the imprecision of
reserve estimates and estimates of recoverable quantities of oil, natural gas
and liquids; Pengrowth’s ability to replace and expand oil and gas reserves;
geological, technical, drilling and processing problems and other difficulties
in producing reserves; environmental claims and liabilities; incorrect
assessments of value when making acquisitions; increases in debt service
charges; the loss of key personnel; the marketability of production; defaults
by third party operators; unforeseen title defects; fluctuations in foreign
currency and exchange rates; fluctuations in interest rates; inadequate
insurance coverage; compliance with environmental laws and regulations; actions
by governmental or regulatory agencies, including changes in tax laws;
Pengrowth’s ability to access external sources of debt and equity capital; the
impact of foreign and domestic government programs and the occurrence of
unexpected events involved in the operation and development of oil and gas
properties. Further information regarding these factors may be found under the
heading “Business Risks” in our most recent management’s discussion and
analysis and under “Risk Factors” in our Annual Information Form dated February
28, 2017.

The foregoing list of factors that may affect future results is not exhaustive.
When relying on our forward-looking statements to make decisions, investors and
others should carefully consider the foregoing factors and other uncertainties
and potential events. Furthermore, the forward-looking statements contained in
this press release are made as of the date of this press release, and Pengrowth
does not undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable laws. The
forward-looking statements contained in this press release are expressly
qualified by this cautionary statement.

– END RELEASE – 20/03/2017

For further information:
Pengrowth
Wassem Khalil
Manager, Investor Relations
Toll free 1-855-336-8814

COMPANY:
FOR: PENGROWTH ENERGY CORPORATION
TSX SYMBOL: PGF
NYSE SYMBOL: PGH

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170320CC0015

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.

FOR: ENERCARE INC.TSX Symbol: ECIDate issue: March 20, 2017Time in: 7:30 AM eAttention:
TORONTO, ON –(Marketwired – March 20, 2017) – Enercare Inc. (“Enercare”)
(TSX: ECI) today announced the retirement of Scott Boxer and the appointment
of Scott Boo…

FOR: TOUCHSTONE EXPLORATION INC.TSX SYMBOL: TXPDate issue: March 20, 2017Time in: 7:00 AM eAttention:
CALGARY, ALBERTA–(Marketwired – March 20, 2017) – Touchstone Exploration Inc.
(“Touchstone” or the “Company”) (TSX:TXP) announces the results of the
…