Day: March 28, 2017

FOR: CANADIAN OVERSEAS PETROLEUM LTDTSX VENTURE SYMBOL: XOPLSE SYMBOL: COPLDate issue: March 29, 2017Time in: 2:00 AM eAttention:
CALGARY, AB–(Marketwired – March 28, 2017) – Canadian Overseas Petroleum
Limited (TSX VENTURE: XOP) (LSE: COPL)
XOP: TSX-…

FOR: MCW ENERGY GROUP LIMITEDTSX VENTURE SYMBOL: MCWOTCQX SYMBOL: MCWEFDate issue: March 28, 2017Time in: 9:16 PM eAttention:
TORONTO, ONTARIO–(Marketwired – March 28, 2017) – MCW Energy Group Limited
(“MCW”) (TSX VENTURE:MCW)(OTCQX:MCWEF), a Canadian…

FOR: HARVEST OPERATIONS CORP.

Date issue: March 28, 2017
Time in: 8:16 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – March 28, 2017) – Harvest Operations Corp.
(“Harvest” or the “Company”) announced the filing of its Annual Information
Form (“AIF”) and its Statement of Reserves Data and Other Oil and Gas
Information Form 51-101F1 for the year ended December 31, 2016.

The Company filed its Audited Consolidated Financial Statements for the year
ended December 31, 2016 and related Management’s Discussion and Analysis
(“MD&A”) on SEDAR, EDGAR and SGXNet on February 23, 2016.

An electronic copy of each document is available on Harvest’s website at
www.harvestenergy.ca and on Harvest’s System for Electronic Document Analysis
and Retrieval (“SEDAR”) profile at www.sedar.com.

HARVEST CORPORATE PROFILE

Harvest is a wholly-owned, subsidiary of Korea National Oil Corporation
(“KNOC”). Harvest is a significant operator in Canada’s energy industry
offering stakeholders exposure to exploration, development and production of
crude oil and natural gas (Upstream) and an oil sands project under
construction and development in northern Alberta (BlackGold).

KNOC is a state owned oil and gas company engaged in the exploration and
production of oil and gas along with storing petroleum resources. KNOC will
fully establish itself as a global government-run petroleum company by applying
ethical, sustainable and environment-friendly management and by taking
corporate social responsibility seriously at all times. For more information on
KNOC, please visit their website at www.knoc.co.kr/ENG/main.jsp.

ADVISORY

Certain information in this press release constitute “forward-looking
statements” which involve known and unknown risks, uncertainties and other
factor that may cause actual results to be materially different from future
results, performance or achievements expressed or implied by such statements.
Words such as “expects”, “anticipates”, “projects”, “intends”, “plans”, “will”,
“believes”, “seeks”, “estimates”, “should”, “may”, “could”, and variations of
such words and similar expressions are intended to identify such
forward-looking statements.

Readers are cautioned that the forward-looking information may not be
appropriate for other purposes and the actual results may differ materially
from those anticipated. Although management believes that the forward-looking
information is reasonable based on information available on the date such
forward-looking statements were made, no assurances can be given as to future
results, levels of activity and achievements. Therefore, readers are cautioned
not to place undue reliance on forward-looking statements as there can be no
assurance that the plans, intentions or expectations upon which they are based
will occur. Although we consider such information reasonable at the time of
preparation, it may prove to be incorrect and actual results may differ
materially from those anticipated. Harvest assumes no obligation to update
forward-looking statements should circumstances, estimates or opinions change,
except as required by law. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.

– END RELEASE – 28/03/2017

For further information:
INVESTOR & MEDIA CONTACT:
Greg Foofat, Investor Relations
Harvest Operations Corp.
Toll Free Investor Mailbox: (866) 666-1178
Email: information@harvestenergy.ca
Website: www.harvestenergy.ca

COMPANY:
FOR: HARVEST OPERATIONS CORP.

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170328CC0107

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: CANACOL ENERGY LTD.
TSX SYMBOL: CNE
OTCQX SYMBOL: CNNEF
BVC SYMBOL: CNEC

Date issue: March 28, 2017
Time in: 5:10 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – March 28, 2017) – Canacol Energy Ltd.
(“Canacol” or the “Corporation”) (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to
provide an update on the Mono Capuchino 1ST exploration well and the
Corporation’s drilling program.

/T/

Mono Capuchino 1ST Exploration Well
VMM2 Exploration & Exploitation (“E&P”) contract
Middle Magdalena Valley Basin, Colombia
CNE Oil and Gas S.A.S. Operator WI 66.9%
Vetra Exploracion y Produccion Colombia S.A., Partner WI 33.1%

/T/

The Mono Capuchino 1 exploration well was spud on December 17, 2016, reaching a
total depth of 10,023 feet measured depth (“ft. md”) before experiencing
mechanical difficulties that required the well to be sidetracked. The Mono
Capuchino 1ST reached a total depth of 10,245 ft. md within the La Luna
formation on February 22, 2017. The well encountered approximately 103 feet of
net oil pay within the Tertiary Basal Lisama sandstone reservoir, with average
porosity of 22%, and approximately 406 feet of net oil pay within the
Cretaceous La Luna formation, which consists of shales and limestones with
average porosity of 15% and open fractures visible on image logs.

The Lisama sandstone reservoir interval was perforated between 5,691 and 5,884
ft md and flowed at a final stabilized rate 1,013 barrels of oil per day of 18
degrees API oil, 70 barrels of water per day, and 0.3 million standard cubic
feet per day of gas using a jet pump with an injection pressure of 3,000 psi
over a 34 hour test period. The composition of the produced water indicates
that it is power fluid for the jet pump and trace amounts of filtrate related
to the drilling process and not formation water. Approximately 769 feet of open
hole section within the La Luna was tested and recovered uncommercial heavy oil.

The Mono Capuchino 1ST well will be tied into the permanent production
facilities located at Mono Arana and brought on full time production within the
next 60 days.

2017 Near Term Drilling Program

/T/

Canahuate 1 Exploration Well
Esperanza E&P contract
Middle Magdalena Valley Basin, Colombia
CNE Oil and Gas S.A.S. Operator WI 100%

/T/

The Canahuate 1 exploration well was spud on March 24, 2017. The Canahuate 1
well is located 3 kilometers (“kms”) north of the Corporation’s Jobo gas
processing facility and is targeting gas-bearing sandstones within the Cienaga
de Oro reservoir. Over the past three years, six of the seven exploration wells
drilled by the Corporation on its gas blocks, including the Esperanza E&P
contract, have resulted in commercial gas discoveries. The Canahuate 1 well
will take approximately 6 weeks to drill and test.

/T/

Pumara 1 Exploration Well
LLA23 E&P contract
Llanos Basin, Colombia
CNE Oil and Gas S.A.S. Operator WI 91%

/T/

The Corporation plans to spud the Pumara 1 exploration on March 31, 2017. The
Pumara 1 exploration is located 3 kms north of the Labrador field and is
targeting light oil bearing reservoirs within the proven producing C7, Mirador,
Gacheta, and Ubaque reservoirs. Over the past four years, five of the six
exploration wells drilled by the Corporation on the LLA23 contract have
resulted in commercial producing light oil discoveries. The Pumara 1 well will
take approximately 5 weeks to drill and test, and if successful will be placed
on permanent production via the Corporation’s oil processing facilities located
at Pointer.

Canacol is an exploration and production company with operations in Colombia,
Ecuador and Mexico. The Corporation’s common stock trades on the Toronto Stock
Exchange, the OTCQX in the United States of America, and the Colombia Stock
Exchange under ticker symbol CNE, CNNEF, and CNE.C, respectively.

This press release contains certain forward-looking statements within the
meaning of applicable securities law. Forward-looking statements are frequently
characterized by words such as “plan”, “expect”, “project”, “intend”,
“believe”, “anticipate”, “estimate” and other similar words, or statements that
certain events or conditions “may” or “will” occur, including without
limitation statements relating to estimated production rates from the
Corporation’s properties and intended work programs and associated timelines.
Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made and are subject to a variety of
risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. The Corporation cannot assure that actual results will be
consistent with these forward looking statements. They are made as of the date
hereof and are subject to change and the Corporation assumes no obligation to
revise or update them to reflect new circumstances, except as required by law.
Prospective investors should not place undue reliance on forward looking
statements. These factors include the inherent risks involved in the
exploration for and development of crude oil and natural gas properties, the
uncertainties involved in interpreting drilling results and other geological
and geophysical data, fluctuating energy prices, the possibility of cost
overruns or unanticipated costs or delays and other uncertainties associated
with the oil and gas industry. Other risk factors could include risks
associated with negotiating with foreign governments as well as country risk
associated with conducting international activities, and other factors, many of
which are beyond the control of the Corporation.

Boe conversion – The term “boe” is used in this news release. Boe may be
misleading, particularly if used in isolation. A boe conversion ratio of cubic
feet of natural gas to barrels oil equivalent is based on an energy equivalency
conversion method primarily applicable at the burner tip and does not represent
a value equivalency at the wellhead. In this news release, we have expressed
boe using the Colombian conversion standard of 5.7 Mcf: 1 bbl required by the
Ministry of Mines and Energy of Colombia.

– END RELEASE – 28/03/2017

For further information:
Canacol Energy Ltd.
Investor Relations
214-235-4798
IR@canacolenergy.com
www.canacolenergy.com

COMPANY:
FOR: CANACOL ENERGY LTD.
TSX SYMBOL: CNE
OTCQX SYMBOL: CNNEF
BVC SYMBOL: CNEC

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170328CC0095

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: JUST ENERGY FOUNDATIONAND MLSE FoundationDate issue: March 28, 2017Time in: 9:30 AM eAttention:
TORONTO, ON –(Marketwired – March 28, 2017) – On Monday evening, MLSE
Foundation announced Northern Nishnawbe Education Council as this year’s
recipi…

FOR: DIVERGENT ENERGY SERVICES CORP.TSX VENTURE SYMBOL: DVGDate issue: March 28, 2017Time in: 9:00 AM eAttention:
CALGARY, ALBERTA–(Marketwired – March 28, 2017) –
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
DIVERGENT Energy Services Corp. (…

FOR: RAZOR ENERGY CORP.
TSX VENTURE SYMBOL: RZE

Date issue: March 28, 2017
Time in: 7:30 AM e

Attention:

CALGARY, ALBERTA–(Marketwired – March 28, 2017) – Razor Energy Corp. (“Razor”
or the “Company”) (TSX VENTURE:RZE) is pleased to provide a summary of its 2016
year-end reserves evaluation.

The highlights and reserves summary below sets forth Razor’s gross reserves as
at December 31, 2016, as evaluated by Sproule Associates Limited (“Sproule”) in
an independent report (the “Sproule Report”). The figures in the following
tables have been prepared in accordance with the standards contained in the
Canadian Oil and Gas Evaluation Handbook (the “COGE Handbook”) and the reserve
definitions contained in National Instrument 51-101 – Standards of Disclosure
for Oil and Gas Activities (“NI 51-101”). Additional reserve information as
required under NI 51-101 will be included in the Company’s annual information
form which will be filed on SEDAR on or before April 30, 2017.

HIGHLIGHTS(1)

/T/

— Net asset value, including estimated January 31, 2017 net cash ($12

million or $1.18 per basic share outstanding) and the term debt facility
due January 31, 2021 ($30 million or $2.95 per basic share outstanding),
excluding undeveloped land, tax pools, seismic, reclamation liabilities,
and other corporate attributes (“NAV”), was $6.50/share on a proved
developed producing basis (“PDP”) discounted at 10% (“NPV10”) and
$9.77/share on a total proved plus probable basis (“2P”) NPV10.(2)
— The Company’s gross year-end 2016 PDP reserves were 7,687 Mboe (74% oil
and liquids). Total proved (“1P”) reserves were 10,130 Mboe and 2P
reserves were 12,651 Mboe.
— PDP reserves represent approximately 76% of 1P reserves and
approximately 61% of 2P reserves.
— The Company’s reserve life index is 7.2 years for PDP, 9.5 years for 1P
and 11.9 years for 2P reserves based on February, 2017 average field-
estimated production of 2,900 boepd.

Notes:
(1) Financial information is based on the Company’s preliminary estimate as
at January 31, 2017 and is therefore subject to change.
(2) There are approximately 10.2 million common shares of the Company
outstanding as of the date hereof.

/T/

2016 INDEPENDENT RESERVES EVALUATION
Sproule conducted an independent reserves evaluation effective December 31,
2016, which was prepared in accordance with definitions, standards and
procedures contained in the COGE Handbook and in NI 51-101. Sproule evaluated
100% of Razor’s reserves and is familiar with the properties as it has
evaluated wells within these areas previously for other clients prior to
Razor’s acquisition of the properties. The reserves evaluation was based on
Sproule forecast pricing and foreign exchange rates at December 31, 2016 as
outlined herein.

Reserves included herein are stated on a company gross basis (working interest
before deduction of royalties without the inclusion of any royalty interest)
unless otherwise noted.

RESERVES SUMMARY

Summary of Gross Oil and Gas Reserves as of December 31, 2016(1), (2), (3), (4)

/T/

Light and
Medium Conventional Natural Gas Barrels of Oil
Crude Oil Natural Gas Liquids Equivalent
Gross Gross Gross Gross
(Mbbl) (MMcf) (Mbbl) (Mboe)
—————————————————————————-
Proved
Developed
Producing 4,824 5,146 2,006 7,687
Developed Non-
Producing 1,390 1234 847 2,442
Undeveloped – – – –
—————————————————————————-
Total Proved 6,214 6,379 2,852 10,130
Probable 1,517 1,707 720 2,521
—————————————————————————-
Total Proved
plus Probable 7,731 8,087 3,572 12,651
—————————————————————————-
—————————————————————————-

/T/

Net Present Value Before Income Taxes Discounted at (% per Year) (M$)

/T/

0% 5% 10% 15% 20%
—————————————————————————-
Proved
Developed Producing 142,228 105,905 84,208 70,005 60,060
Developed Non-Producing 21,682 17,998 14,974 12,543 10,601
Undeveloped – – – – –
—————————————————————————-
Total Proved 163,910 123,903 99,182 82,548 70,661
Probable 53,009 29,125 18,338 12,623 9,252
—————————————————————————-
Total Proved plus Probable 216,919 153,028 117,520 95,170 79,913
—————————————————————————-
—————————————————————————-
Notes:
(1) The tables summarize the data contained in the Sproule Report and as a
result may contain slightly different numbers due to rounding.
(2) Gross reserves means the total working interest (operating or non-
operating) share of remaining recoverable reserves owned by Razor before
deductions of royalties payable to others and without including any royalty
interests owned by Razor.
(3) Based on Sproule’s December 31, 2016 escalated price forecast. See
“Summary of Pricing and Inflation Rate Assumptions”.
(4) The net present value of future net revenue attributable to the
Company’s reserves is stated without provision for interest costs and
general and administrative costs, but after providing for estimated
royalties, production costs, development costs, other income, future capital
expenditures, and well abandonment and reclamation costs for only those
wells assigned reserves by Sproule. It should not be assumed that the
undiscounted or discounted net present value of future net revenue
attributable to the Company’s reserves estimated by Sproule represent the
fair market value of those reserves. Other assumptions and qualifications
relating to costs, prices for future production and other matters are
summarized herein. The recovery and reserve estimates of the Company’s oil,
NGL and natural gas reserves provided herein are estimates only and there is
no guarantee that the estimated reserves will be recovered. Actual reserves
may be greater than or less than the estimates provided herein.

/T/

NET ASSET VALUE(1)

/T/

NPV10(M$) $/share(2)
—————————————————————————-
Proved
Developed Producing 84,208 8.27
Developed Non-Producing 14,974 1.47
Undeveloped – –
—————————————————————————-
Total Proved 99,182 9.74
Probable 18,338 1.80
—————————————————————————-
Total Proved plus Probable 117,520 11.54
Net Debt(3) (18,000) (1.77)
—————————————————————————-
Net Asset Value 99,520 9.77
—————————————————————————-
—————————————————————————-
Notes:
(1) The estimated Net Asset Values are based on the estimated net present
value of all future net revenue from Razor’s reserves, before tax, as
estimated by Sproule at year-end. All Net Asset Values cited in this press
release are the resulting NPV per reserves category per basic share plus
cash of $12 million or $1.18/share less $30 million term debt facility or
$2.95/share.
(2) Basic shares outstanding of approximately 10.2 million. There are no
dilutive instruments currently outstanding.
(3) Financial information is based on the Company’s preliminary estimate as
at January 31, 2017 and is therefore subject to change.

/T/

Summary of Pricing and Inflation Rate Assumptions – Forecast Prices and Costs

The forecast cost and price assumptions assume increases in wellhead selling
prices and include inflation with respect to future operating and capital
costs. Crude oil and natural gas benchmark reference pricing, inflation and
exchange rates utilized by Sproule as at December 31, 2016 were as follows:

/T/

—————————————————————————-

WTI
Cushing Canadian Hardisty
Exchange Oklahoma Light Bow River Natural Gas
Rate 40 API Sweet 40 API 25 API AECO
Year (CAD/USD) (USD/bbl) (CAD/bbl) (CAD/bbl) (CAD/mmbtu)
—————————————————————————-

2017 0.780 55.00 65.58 53.77 3.44
2018 0.820 65.00 74.51 62.59 3.27
2019 0.850 70.00 78.24 65.72 3.22
2020 0.850 71.40 80.64 67.74 3.91
2021 0.850 72.83 82.25 69.09 4.00
2022 0.850 74.28 83.90 70.47 4.10
2023 0.850 75.77 85.58 71.88 4.19
2024 0.850 77.29 87.29 73.32 4.29
2025 0.850 78.83 89.03 74.79 4.40
2026+ 0.850 +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr
—————————————————————————-
—————————————————————————-

/T/

Reconciliation of Company Gross Reserves By Principle Product Type(1), (2)

The following table sets forth the reconciliation of the Company’s reserves at
Forecast Prices and Costs:

/T/

—————————————————————————-
—————————————————————————-

Light and Medium Crude Oil Natural Gas Liquids
Gross Gross
Gross Gross Proved + Gross Gross Proved +
Proved Probable Probable Proved Probable Probable
Factors (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl) (Mbbl)
—————————————————————————-

December 31,
2015 – – – – – –
Discoveries – – – – – –
Extensions/Infil
l Drilling – – – – – –
Improved
Recovery – – – – – –
Technical
Revisions – – – – – –
Acquisitions 6,320.5 1,516.5 7,837.1 2,905.5 720.0 3,625.5
Dispositions – – – – – –
Economic Factors – – – – – –
Production (106.5) – (106.5) (53.5) – (178.0)
December 31,
2016 6,214.0 1,516.5 7,730.6 2,852.0 720.0 3,572.0
—————————————————————————-
—————————————————————————-

—————————————————————————-
—————————————————————————-

Conventional Natural Gas Barrels of Oil Equivalent
Gross Gross
Gross Gross Proved + Gross Gross Proved +
Proved Probable Probable Proved Probable Probable
Factors (Mmcf) (Mmcf) (Mmcf) (MBOE) (MBOE) (MBOE)
—————————————————————————-

December 31,
2015 – – – – – –
Discoveries – – – – – –
Extensions/Infil
l Drilling – – – – – –
Improved
Recovery – – – – – –
Technical
Revisions – – – – – –
Acquisitions 6,486.6 1,707.0 8,194.6 10,307.1 2,521.0 12,828.4
Dispositions – – – – – –
Economic Factors – – – – – –
Production (108) – (108) (178) – (178)
December 31,
2016 6,379.0 1,707.0 8087.0 10,129.6 2,521.0 12,650.5
—————————————————————————-
—————————————————————————-
Notes:
(1) The tables summarize the data contained in the Sproule Report and as a
result may contain slightly different numbers due to rounding.
(2) Conventional Natural Gas includes associated and non-associated gas.

/T/

Future Development Costs

The following table sets forth development costs deducted in the estimation of
Razor’s future net revenue attributable to the reserve categories noted below:

/T/

Forecast Prices and Costs (M$)
————————————————–
Year Proved Reserves Proved plus Probable
—————————————————————————-

2017 2,775 2,775
2018 1,186 1,186
2019 – –
2020 – –
Thereafter – –
—————————————————————————-
Total Undiscounted 3,961 3,961
—————————————————————————-
Total Discounted at 10% 3,625 3,625
—————————————————————————-

/T/

The future development costs are estimates of capital expenditures required in
the future for Razor to convert proved developed non-producing reserves and
probable reserves to proved developed producing reserves. The undiscounted
future development costs are $3.96 million for proved reserves and $3.96
million for proved plus probable reserves (in each case based on forecast
prices and costs).

ABOUT RAZOR

Razor Energy Corp. is a light oil focused company operating predominantly in
Alberta. Razor’s full-cycle business plan provides an opportunity to reposition
the Company as a disciplined and high-growth junior E&P company. With an
experienced management team and a strong, committed board of directors, growth
is anticipated to occur through timely strategic acquisitions and operations.
Razor currently trades on TSX Venture Exchange under the ticker “RZE”.

READER ADVISORY

Forward-Looking Statements. Certain information included in this press release
constitutes forward-looking information under applicable securities
legislation. Forward-looking information typically contains statements with
words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”,
“propose”, “project” or similar words suggesting future outcomes or statements
regarding an outlook. Forward-looking information in this press release may
include, but is not limited to future development costs associated with oil and
gas reserves. Statements relating to “reserves” are also deemed to be
forward-looking statements, as they involve the implied assessment, based on
certain estimates and assumptions, that the reserves described exist in the
quantities predicted or estimated and that the reserves can be profitably
produced in the future.

The forward-looking statements contained in this press release are based on
certain key expectations and assumptions made by Razor, including expectations
and assumptions concerning the success of future drilling, development and
completion activities, the performance of existing wells, the performance of
new wells, the availability and performance of facilities and pipelines, the
geological characteristics of Razor’s properties, the successful application of
drilling, completion and seismic technology, prevailing weather and break-up
conditions, commodity prices, royalty regimes and exchange rates, the
application of regulatory and licensing requirements, the availability of
capital, labour and services, the creditworthiness of industry partners and our
ability to acquire additional assets.

Although Razor 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 Razor 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, risks associated with the oil and gas industry in general (e.g.,
operational risks in development, exploration and production; the uncertainty
of reserve estimates; the uncertainty of estimates and projections relating to
production, costs and expenses; and health, safety and environmental risks),
constraint in the availability of services, commodity price and exchange rate
fluctuations, regulatory and political risks, adverse weather or break-up
conditions and uncertainties resulting from potential delays or changes in
plans with respect to exploration or development projects or capital
expenditures. These and other risks are set out in more detail in Razor’s
filing statement dated January 27, 2017 and in Razor’s annual information form
for the year ended December 31, 2016 which will be filed on SEDAR on or before
April 30, 2017.

The forward-looking information contained in this press release is made as of
the date hereof and Razor undertakes no obligation to update publicly or revise
any forward-looking information, whether as a result of new information, future
events or otherwise, unless required by applicable securities laws. The
forward-looking information contained in this press release is expressly
qualified by this cautionary statement.

Oil and Gas Metrics. This press release contains a number of oil and gas
metrics, including “future development costs”, “net asset value” and “reserves
life index”, which do not have standardized meanings or standard methods of
calculation and therefore such measures may not be comparable to similar
measures used by other companies. Such metrics have been included herein to
provide readers with additional measures to evaluate the Company’s performance;
however, such measures are not reliable indicators of the future performance of
the Company and future performance may not compare to the performance in
previous periods. Future development costs are calculated as the sum of
development capital plus the change in future development costs for the period.
Net asset value is based on present value of future net revenues discounted at
10% before tax on 2P reserves net of net debt as at January 31, 2017 divided by
the number of Razor shares outstanding as at January 31, 2017. Reserves life
index is calculated as total Company share reserves divided by annual
production.

Boe Disclosure. The term barrels of oil equivalent (“boe”) may be misleading,
particularly if used in isolation. A BOE conversion ratio of six thousand cubic
feet of natural gas to barrels of oil equivalence is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead. All BOE conversions in the
report are derived from converting gas to oil in the ratio mix of six thousand
cubic feet of gas to one barrel of oil.

Non-IFRS Measures. This press release contains the term “net debt”, which does
not have a standardized meaning prescribed by International Financial Reporting
Standards (“IFRS”) and therefore may not be comparable with the calculation of
similar measures by other companies. Management believes “net debt” is a useful
supplemental measure of the total amount of current and long-term debt of the
Company. Additional information relating to non-IFRS measures can be found in
the Company’s most recent management’s discussion and analysis MD&A, which may
be accessed through the SEDAR website (www.sedar.com).

– END RELEASE – 28/03/2017

For further information:
Doug Bailey
President and Chief Executive Officer
(403) 262-0242
OR
Kevin Braun
Chief Financial Officer
(403) 262-0242

COMPANY:
FOR: RAZOR ENERGY CORP.
TSX VENTURE SYMBOL: RZE

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170328CC0020

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: SUNSHINE OILSANDS LTD.HKSE SYMBOL: 2012Date issue: March 28, 2017Time in: 7:20 AM eAttention:
HONG KONG, CHINA and CALGARY, ALBERTA–(Marketwired – March 28, 2017) – The
Board of Directors (the “Board”) of Sunshine Oilsands Ltd. (the “Corporation”…

FOR: GENOIL INC.
OTCQB SYMBOL: GNOLF

Date issue: March 28, 2017
Time in: 6:00 AM e

Attention:

CALGARY, ALBERTA–(Marketwired – March 28, 2017) – Genoil Inc. (OTCQB:GNOLF),
the publicly traded clean technology engineering company for the petroleum
industry, has today announced the addition of a special adviser to its
management team with the appointment of Douglas A. Phillips, CPA, who joins
Genoil to provide strategic input on major transactions and provide advice to
top management.

Phillips has a distinguished track record in business counsel, having served a
wide variety of domestic and foreign companies in the areas of accounting and
auditing, mergers and acquisitions, and corporate structurings. He served as
the Chairman, CEO and Managing Partner of WeiserMazars LLP, Certified Public
Accountants, in the US, and as Co-CEO and the Vice Chairman of Mazars SCRL on
an international level. In these roles, which he held until 2015, Phillips
achieved a top ranking in the greater New York region and the US, executing
twenty mergers and acquisitions and engineering significant organic growth for
the company.

He is currently CEO of GYST Advisors LLC, a management consulting firm focusing
on strategy, business development, mergers and acquisitions, financial
performance and risk management.

Phillips joins Genoil after the agreement of several major initiatives for the
company. In November 2016, Genoil signed a US $50 billion Letter of Intent to
develop and construct upgrading and energy projects in Russia and Chechnya,
including the provision of a complete solution from oil field development
through to the production of 3.5m barrels per day of clean fuels. In April
2016, Genoil received a $5 billion Letter of Intent from a Chinese Policy
“Superbank” to develop a project in the Middle East. In February 2017 Genoil
also signed a Memorandum of Understanding with Bomin Group, a leading global
physical supplier and trader of marine fuel, to develop a co-operation
agreement to supply the marine market with compliant low sulphur products.

Bruce Abbott, COO of Genoil, commented: “The level of interest in Genoil’s
Hydroconversion Unit has been growing steadily in line with the global demand
for cleaner energy and low sulphur products. Doug’s high level of experience in
strategic business development and finance will add real value to Genoil as we
drive continued growth and negotiate on future deals.”

The appointment of Douglas Phillips follows the recent appointment of Raushan
Telyashev as Vice President of Genoil Middle East, which is testament to
Genoil’s strong and continued global growth ambitions.

About Genoil Inc.:

Genoil is a publicly traded Canadian clean technology engineering company for
the petroleum industries. Genoil is headquartered in Edmonton, Alberta, with
offices in Calgary, Sherwood Park, New York City, Constanta, Romania, and Dubai
& Abu Dhabi. Genoil has developed its proprietary technology, the Hydrocracking
Upgrader (GHU), which converts heavy crude oils and refinery bottoms into clean
burning fuels for transportation industries including shipping. The GHU can be
placed in remote locations, including receiving terminals, pipelines and ports.
The company operates one of the largest and most advanced pilot & design test
facilities in the world, from its 147-acre site in Alberta, Canada.

About The Genoil Hydrocracking Upgrader:

The Genoil Hydrocracking Upgrader (GHU(R)) is an advanced upgrading and
desulfurization technology, which converts heavy or sour crude oil into much
more valuable light low sulphur oil for a very low cost. The Genoil GHU was
designed to be versatile, can be placed at many different locations, either
upstream at oil fields, or downstream at refineries, in a standalone form at
ports and other logistical locations.

The GHU achieves 96% pitch conversion and 95% desulfurization with an operating
cost of up to 75% less than the competition. For Conoco Canada Ltd, Genoil
converted their bitumen of 6-8.5 API and converted it to 24.5 API. We also
removed 92% of the sulphur reducing the amount from 5.14% to below 0.24%. These
results were taken by Conoco Canada Ltd, who had them analysed by Core
Laboratories, one of the largest service providers of core and fluid analysis
in the petroleum industry.

– END RELEASE – 28/03/2017

For further information:
BLUE
Georgey Routen
01865 514214
georgina.routen@blue-comms.com

COMPANY:
FOR: GENOIL INC.
OTCQB SYMBOL: GNOLF

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170328CC0007

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