Day: April 19, 2017

FOR: RAZOR ENERGY CORP.
TSX VENTURE SYMBOL: RZE

Date issue: April 19, 2017
Time in: 9:55 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – April 19, 2017) –

NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Razor Energy Corp. (“Razor” or the “Company”) (TSX VENTURE:RZE)
(www.razor-energy.com) is pleased to announce that it has entered into an
agreement to acquire strategic assets in west central Alberta (the “Assets”)
for cash consideration of $9.6 million, subject to customary adjustments (the
“Acquisition”). The Assets, situated within Razor’s core area, are
characterized by low decline, light oil focused production, which is primarily
operated with abundant infrastructure to complement Razor’s existing asset
portfolio. Razor is also pleased to announce that it has filed and obtained a
receipt for a preliminary short form prospectus in connection with an offering
(the “Prospectus Offering”) of subscription receipts of the Company
(“Receipts”) co-led by Haywood Securities Inc. and Jett Capital Advisors, LLC.
The Prospectus Offering is described in greater detail below.

The Acquisition will be funded with Razor’s cash reserves and through proceeds
of the Prospectus Offering.

THE ACQUISITION

The Acquisition is complementary on a geographic, geological and operational
basis and in terms of product mix with Razor’s current assets and operations in
the Swan Hills areas. On a pro forma basis, using February 2017 field estimated
production, the Company is expected to have production in excess of 3,700
boe/d, of which 85% is light oil and natural gas liquids.

The Acquisition enhances Razor’s existing asset base with similar reactivation
and re-entry opportunities, in addition to future drilling upside with proven
deliverability of light oil from the Montney formation. The primary fields
within the Assets include Kaybob South Triassic Units No. 1 and 2, Kaybob BHL
(Beaver Hill Lake) Unit No. 1 and Simonette/Karr BHL (Beaver Hill Lake) Oil
Pools.

With 95,679 (33,542 net) of acres of land, the majority of which is held by
production, Razor foresees ample drilling opportunities comprised of both
vertical and horizontal wells. Management has currently identified over 15 net
drilling locations including the potential for future horizontal targets. The
development of these properties is expected to be part of the 2018 capital
program.

The Acquisition is expected to close on or before May 24, 2017, with an
effective date of January 1, 2017.

ASSET SUMMARY

/T/

Total purchase price(1) $9.6 million
Current production (Feb 2017 field) 759 boe/d
Annual decline rate 15%
Land 95,679 (33,542 net)
acres
Net locations 15 unbooked

Forecast 2017 operating netback(2) $11.87 /boe
Reserves (Gross)
Proved developed producing (“PDP”) reserves(3) 1.5 MMboe
Total Proved (“TP”) reserves(3) 2.8 MMboe
Total proved plus probable (“P+P”) reserves(3) 3.7 MMboe
P+P RLI(4) 13 years
Reserves Value Before Tax (PV10) (3):
PDP reserve value $22.5 million
TP reserve value $36.2 million
P+P reserve value $44.7 million
Run rate cash flow(5) $3.3 million

/T/

ACQUISITION METRICS

/T/

Current production (Feb 2017 field) $12,652 per boe/d
Proved developed producing reserves(3) $6.46 per boe
Total proved reserves(3) $3.48 per boe
Total proved plus probable reserves(3) $2.62 per boe
Purchase price / PDP reserve value 43%
Purchase price / TP reserve value 27%
Purchase price / P+P reserve value 21%
Run rate cash flow(5) 2.87x

/T/

/T/

1. Subject to normal adjustments for a transaction of this nature and

adjustments related to the exercise of ROFOs and ROFRs.

2. Operating netback does not have any standard meaning prescribed by IFRS

and therefore may not be comparable with the calculation of similar
measures for other entities. Operating netback equals total petroleum
and natural gas sales less royalties and operating costs calculated on a
boe basis. Razor considers operating netback as an important measure to
evaluate its operational performance as it demonstrates its field level
profitability relative to current commodity prices. The estimated
operating netback was derived using the Corporation’s 2017 commodity
price forecast of US$54.27/Bbl WTI, $2.72/MCF AECO, and a Canadian/US
dollar exchange rate of $1.33 with the average operating netback
calculated from the Closing Date to December 31, 2017. See “Reader
Advisories – Non-IFRS Measures”.

3. Gross Company Reserves. Reserves based on the Kaybob Assets Reserves

Report effective December 31, 2016 prepared in accordance with the
requirements of the COGE Handbook as required by NI 51-101. Gross
Company Reserves means Razor’s working interest reserves assuming
completion of the Acquisition before the calculation of royalties, and
before the consideration of the Company’s royalty interests.

4. The reserve life index (“RLI”) is calculated by dividing total proved

plus probable reserves estimated at 3,683 MBoe with estimated current
production of the Kaybob Assets of 759 boe/d.

5. Run rate cash flow does not have any standard meaning prescribed by IFRS

and therefore may not be comparable with the calculation of similar
measures for other entities. Run rate cash flow is based on annualized
current production of 759 boe/d multiplied by the operating netback for
the Kaybob Assets of $11.87/boe (see Note 2 above).

/T/

2017 CAPITAL BUDGET AND REVISED GUIDANCE

Given the volatility in commodity prices and Razor’s ability to grow production
through high frequency / low capital intensive projects, Razor expects to take
a disciplined and conservative approach to the 2017 budget. The capital budget
will be reviewed continuously by management and the board of directors of the
Company (the “Board”) for changes in commodity price assumptions and project
economics. Razor remains steadfast in its conviction to maintain its financial
advantage and build a top-tier junior oil and gas company.

For fiscal 2017, the capital expenditure budget of $13.0 million, approved by
the Board prior to the Acquisition, remains unchanged. Razor continues to
invest in a combination of reactivations, re-entries, optimization activities
and waterflood management. These initiatives will be split between Swan Hills
and Kaybob areas at management’s discretion. In addition, the budget addresses
the Alberta Energy Regulator’s requirement under the Inactive Well Compliance
Program including end of life well and facility spending.

With innovative focus and disciplined capital deployment in its Swan Hills and
Kaybob areas, the Company is well positioned to execute on its growth strategy
while maintaining financial flexibility.

The Company’s 2017 revised financial and operating guidance and assumptions are
as follows:

/T/

—————————————————————————-
Average daily production 2017
—————————————————————————-

Light oil (bbls/d) 2,581
—————————————————————————-
NGLs (bbls/d) 716
—————————————————————————-
Natural gas (mcf/d) 3,319
—————————————————————————-
Oil equivalent (boe/d) 3,850
—————————————————————————-
Capital expenditures $13.0 million
—————————————————————————-
Term Loan (maturity January 31, 2021) $30.0 million
—————————————————————————-
Cash on hand, December 31, 2017 $15.1 million
—————————————————————————-
Net debt, December 31, 2017 (“Exit Net Debt”) $11.9 million
—————————————————————————-
Funds flow from operations in 2017 (“2017 FFO”)(1) $9.6 million
—————————————————————————-
Exit Net Debt to 2017 FFO(1) 1.2x
—————————————————————————-
Assumptions:
—————————————————————————-
WTI (US$/bbl) $52.50
—————————————————————————-
Exchange rate (US$/C$) 0.75
—————————————————————————-
Light sweet oil differential to WTI (C$/bbl) ($4.00)
—————————————————————————-
Average corporate oil quality discount (C$/bbl) ($3.00)
—————————————————————————-
AECO gas (C$/mcf) $2.50
—————————————————————————-

1. “Funds flow from operations” and “net debt” do not have any standardized

meaning prescribed by International Financial Reporting Standards
(“IFRS”). See “Reader Advisories – Non-IFRS Measures”.

/T/

Razor plans to continue to pursue value-driven acquisitions. Consolidation of
land and production within the Company’s existing project areas, in addition to
complementary shallow, light oil horizons within its Alberta core region, is
envisioned. Razor remains focused on adding to its inventory of high quality
projects to sustain longer-term growth.

THE EQUITY FINANCINGS

Prospectus Offering

In connection with the Acquisition, Haywood Securities Inc. and Jett Capital
Advisors, LLC, as co-lead agents and joint bookrunners, on behalf of themselves
and a syndicate of agents (collectively, the “Agents”), have agreed to offer,
on a commercially reasonable efforts agency basis, on behalf of Razor, up to
5,000,000 subscription receipts of the Company (“Subscription Receipts”) at a
price of $3.00 per Subscription Receipt for gross proceeds of up to $15,000,000
pursuant to the Prospectus Offering. Each Subscription Receipt will entitle the
holder thereof, without payment of any additional consideration and without
further action on the part of the holder, upon the Acquisition closing, to
receive one common share of the Company (a “Common Share”) and one-half of one
Common Share purchase warrant of the Company (a “Warrant”), each whole Warrant
being exercisable into one Common Share at an exercise price of $3.50 per
Common Share for a period of 12 months following the closing of the
Acquisition.

Upon closing of the Prospectus Offering, the gross proceeds from the sale of
the Subscription Receipts will be placed in escrow (the “Escrowed Proceeds”)
and released to Razor (together with any interest earned thereon) upon Haywood
Securities Inc., an behalf of the Agents, being satisfied and receiving a
certificate from the Company to the effect that: (i) there is no impediment to
completion of the Acquisition, other than the payment of the purchase price, in
all material respects in accordance with the terms of the acquisition agreement
in respect of the Acquisition, without material amendment or waiver adverse to
Razor; and (ii) receipt by the Company of all necessary regulatory and other
approvals regarding the Prospectus Offering and the Acquisition (together, the
“Escrow Release Conditions”).

If: (i) the Escrow Release Conditions are not satisfied at or before 5:00 p.m.
(Calgary time) on June 30, 2017 (the “Escrow Release Deadline”); (ii) the
Company, prior to the Escrow Release Deadline, has provided notice to Haywood
Securities Inc. or announced to the public, that it does not intend to proceed
with the Acquisition; or (iii) the acquisition agreement in respect of the
Acquisition is terminated, then the Escrowed Proceeds will be reimbursed pro
rata to each holder of the Subscription Receipts at the original subscription
price, plus such holder’s pro rata portion of the interest earned thereon, if
any (payable out of the Escrowed Proceeds).

The Agents will have an option (the “Agents’ Option”) to purchase up to an
additional 750,000 Subscription Receipts at a price of $3.00 per Subscription
Receipt to cover over-allotments, if any, exercisable in whole or in part at
any time until 30 days after the closing date. In the event the Agents’ Option
is exercised after the closing of the Acquisition, the Agents’ Option will be
exercisable for up to an additional 750,000 Common Shares and 375,000 Warrants.

The net proceeds from the Prospectus Offering will be used to fund a portion of
the purchase price of the Acquisition and to fund Razor’s capital expenditure
program.

The Subscription Receipts issued pursuant to the Prospectus Offering will be
distributed by way of a short form prospectus in Alberta, British Columbia and
Ontario and on a private placement basis in the United States pursuant to
exemptions from the registration requirements of U.S securities laws and
certain other jurisdictions as the Company and the Agents may agree on a
private placement basis. Completion of the Prospectus Offering is subject to
customary closing conditions, including the receipt of all necessary regulatory
approvals, including the approval of the TSX Venture Exchange (“TSXV”) and the
securities regulatory authorities, as applicable. Closing of the Prospectus
Offering is expected to occur on or about May 4, 2017.

Directors and officers of the Corporation are expected to participate in the
Prospectus Offering in the aggregate amount of approximately $750,000.

Private Placement

Concurrent with the Prospectus Offering, Razor is proposing to complete a
private placement of up to 923,077 Common Shares issued on a “flow-through”
basis (“CDE Flow-Through Shares”) pursuant to which subscribers will be
entitled to receive renunciation of amounts qualifying as “Canadian development
expenses” within the meaning of the Income Tax Act (Canada) (the “Tax Act”) at
a price of $3.25 per CDE Flow-Through Share for gross proceeds of up to
$3,000,000 (the “Private Placement”, and collectively with Prospectus Offering,
the “Equity Financings”). The completion of the Private Placement is subject to
customary closing conditions, including the receipt of all necessary regulatory
approvals, including the approval of the TSXV. The CDE Flow-Through Shares
issued pursuant to the Private Placement will be subject to a hold period under
applicable securities laws, expiring four months and one day following the
closing of the Private Placement. Closing of the Private Placement is expected
to occur concurrently with the closing of the Prospectus Offering.

The use of proceeds from the Private Placement will be used to incur Canadian
development expenses.

ADIVSORS

Haywood Securities Inc. acted as Financial Advisor and Jett Capital Advisors,
LLC acted as Strategic Advisor on the Equity Financings.

Canaccord Genuity Corp. acted as Financial Advisor and Eight Capital acted as
Strategic Advisor on the Acquisition.

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, growth is
anticipated to occur through timely strategic acquisitions and operations.
Razor currently trades on TSX Venture Exchange under the ticker “RZE”.

READER ADVISORIES

FORWARD-LOOKING STATEMENTS: This press release contains forward-looking
statements. More particularly, this press release contains statements
concerning, but not limited to: the anticipated annual decline rate; capital
program of the Company, including the timing of the Acquisition, payment of the
purchase price in respect of the Acquisition, expected production and cash flow
related to the Acquisition, expected number of future drilling locations
related to the Acquisition, the anticipated closing date of the Equity
Financings, the use of proceeds from the Equity Financings, reactivation
program, other capital expenditures, acquisitions, and abandonment, reclamation
and remediation expenditures; the approach to the 2017 capital budget including
reviewing the capital budget continuously; 2017 guidance including: average
daily production, cash on hand on December 31, 2017, net debt as at December
31, 2017, funds flow from operations and exit net debt to 2017 funds flow from
operations; and the Company’s acquisition strategy. In addition, the use of any
of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”,
“propose”, “project”, “can”, “will”, “should”, “continue”, “may”, and similar
expressions are intended to identify forward-looking statements. The
forward-looking statements contained herein are based on certain key
expectations and assumptions made by the Company, including but not limited to
expectations and assumptions concerning the availability of capital, current
legislation, receipt of required regulatory approval, the success of future
drilling and development activities, the performance of existing wells, the
performance of new wells, the Company’s growth strategy, general economic
conditions, availability of required equipment and services and prevailing
commodity prices.
Although the Company 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 the Company 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;
delays or changes in plans with respect to exploration or development projects
or capital expenditures; as 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, changes in legislation affecting the oil and gas
industry and uncertainties resulting from potential delays or changes in plans
with respect to exploration or development projects or capital expenditures.
Please refer to the risk factors identified in the annual information form and
management discussion and analysis of the Company for the period ended December
31, 2016, on SEDAR at www.sedar.com.

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

NON-IFRS MEASURES: This press release contains the terms “funds flow from
operations”, “net debt”, “operating netback” and “run rate cash flow”, which do
not have standardized meanings prescribed by IFRS and therefore may not be
comparable with the calculation of similar measures by other companies. Funds
flow from operations represents cash flow from operating activities before
changes in non-cash working capital and decommissioning expenditures.
Management uses funds flow from operations to analyze operating performance and
leverage. Net debt is calculated as long-term debt less working capital (or
plus working capital deficiency), with working capital excluding mark-to-market
risk management contracts. Management believes net debt is a useful
supplemental measure of the total amount of current and long-term debt of the
Company. Operating netback equals total petroleum and natural gas sales less
royalties and operating costs calculated on a boe basis. Razor considers
operating netback as an important measure to evaluate its operational
performance as it demonstrates its field level profitability relative to
current commodity prices. The estimated operating netback was derived using the
Corporation’s 2017 commodity price forecast of US$54.27/Bbl WTI, $2.72/MCF
AECO, and a Canadian/US dollar exchange rate of $1.33 with the average
operating netback calculated from the Closing Date to December 31, 2017. Run
rate cash flow is based on annualized current production of 759 boe/d
multiplied by the operating netback for the Kaybob Assets of $11.87/boe.

ADVISORY ON PRODUCTION INFORMATION: Unless otherwise indicated herein, all
production information presented herein has presented on a gross basis, which
is the Company’s working interest prior to deduction of royalties and without
including any royalty interests.

DRILLING LOCATIONS: This press release discloses drilling inventory as unbooked
locations. Unbooked locations are internal estimates based on our prospective
acreage and an assumption as to the number of wells that can be drilled per
section based on industry practice and internal review. Unbooked locations do
not have attributed reserves or resources. Unbooked locations have been
identified by management as an estimation of the Company’s multi-year drilling
activities based on evaluation of applicable geologic, seismic, engineering,
production and reserves information. There is no certainty that the Company
will drill all unbooked drilling locations and if drilled, there is no
certainty that such locations will result in additional oil and gas reserves,
resources or production. The drilling locations on which Razor actually drill
wells will ultimately depend upon the availability of capital, regulatory
approvals, seasonal restrictions, oil and natural gas prices, costs, actual
drilling results, additional reservoir information that is obtained and other
factors. While certain of the unbooked drilling locations have been de-risked
by drilling existing wells in relative close proximity to such unbooked
drilling locations, other unbooked drilling locations are farther away from
existing wells where management has less information about the characteristics
of the reservoir and therefore there is more uncertainty whether wells will be
drilled in such locations and if drilled there is more uncertainty that such
wells will result in additional oil and gas reserves, resources or production.

BARRELS OF OIL EQUIVALENT: The term “boe” or barrels of oil equivalent may be
misleading, particularly if used in isolation. A boe conversion ratio of six
thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1
bbl) is based on an energy equivalency conversion method primarily applicable
at the burner tip and does not represent a value equivalency at the wellhead.
Additionally, given that the value ratio based on the current price of crude
oil, as compared to natural gas, is significantly different from the energy
equivalency of 6:1; utilizing a conversion ratio of 6:1 may be misleading as an
indication of value.

This press release is not an offer of the securities for sale in the United
States. The securities offered have not been, and will not be, registered under
the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any
U.S. state securities laws and may not be offered or sold in the United States
absent registration or an available exemption from the registration requirement
of the U.S. Securities Act and applicable U.S. state securities laws. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities, in any
jurisdiction in which such offer, solicitation or sale would be unlawful.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.

– END RELEASE – 19/04/2017

For further information:
Razor Energy Corp.
Doug Bailey
President and Chief Executive Officer
(403) 262-0242
www.razor-energy.com
OR
Razor Energy Corp.
Kevin Braun
Chief Financial Officer
(403) 262-0242
www.razor-energy.com

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

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170419CC0106

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FOR: NORTHWEST PIPE COMPANY

VANCOUVER, Wash., April 19, 2017 (GLOBE NEWSWIRE) — Northwest Pipe Company (Nasdaq:NWPX) today announced it intends to release first quarter 2017 results after market close on Tuesday, May 2, 2017.  A teleconference to discuss the financial results is scheduled to begin at 7:00 am PDT on Wednesday, May 3, 2017.  Northwest Pipe officials participating on the call will be Scott Montross, President and Chief Executive Officer, and Robin Gantt, Chief Financial Officer.  To listen to the live call, visit the Northwest Pipe Company website, www.nwpipe.com, under Investor Relations.  For those unable to listen to the live call, a replay will be available approximately one hour after the event and will remain available until Wednesday, May 31, 2017 by dialing 1-800-778-9712 passcode 6301.  About Northwest Pipe CompanyNorthwest Pipe Company is the largest manufacturer of engineered steel pipe water systems in North America. The Company’s Water Transmission manufacturing facilities are strategically positioned to meet North America’s growing needs for water and wastewater infrastructure. The Company serves a wide range of markets and their solution-based products are a good fit for applications including: water transmission, plant piping, tunnels, and river crossings. The Company is headquartered in Vancouver, Washington and has manufacturing facilities across the United States and one manufacturing facility in Mexico.For more information, visit www.nwpipe.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact: Robin Gantt Chief Financial Officer (360) 397-6325

INDUSTRY:

Aerospace and Defense – Electronics and Communications

SUBJECT: CAL

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FOR: NOVELION THERAPEUTICS, INC.

VANCOUVER, British Columbia, April 19, 2017 (GLOBE NEWSWIRE) — Novelion Therapeutics, Inc. (NASDAQ:NVLN) (TSX:NVLN), a biopharmaceutical company dedicated to developing new standards of care for individuals living with rare diseases, today announced that, as part of its cost rationalization process, the Company’s request to voluntarily delist its common shares on the Toronto Stock Exchange (“TSX”) at the close of markets on May 3, 2017 has been granted. The Company’s shares will continue to trade on the NASDAQ Global Select Market under the symbol “NVLN”.

The Company believes that the low trading volume of its shares on the TSX over a sustained period no longer justifies the financial and administrative costs associated with maintaining a dual listing. Canadian shareholders will be able to continue to trade the Company’s shares on the NASDAQ exchange through their brokers who have U.S. registered broker-dealer affiliates.

About Novelion Therapeutics Novelion Therapeutics is a biopharmaceutical company dedicated to developing new standards of care for individuals living with rare diseases. Novelion has a diversified commercial portfolio through its indirect subsidiary, Aegerion Pharmaceuticals, Inc., which includes MYALEPT® and JUXTAPID®, and is also developing zuretinol acetate for the treatment of inherited retinal disease caused by underlying mutations in RPE65 or LRAT genes. The company seeks to advance its portfolio of rare disease therapies by investing in science and clinical development.

FOR FURTHER INFORMATION PLEASE CONTACT:

CONTACT: Amanda Murphy, Director, Investor Relations & Corporate Communications Novelion Therapeutics 857-242-5024 Amanda.murphy@novelion.com

INDUSTRY:

Pharmaceuticals and Biotech – Biotech

SUBJECT: STK

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Globenewswire

FOR: NOVADAQ TECHNOLOGIES INC.

TORONTO, April 19, 2017 (GLOBE NEWSWIRE) — NOVADAQ Technologies Inc. (NASDAQ:NVDQ) (TSX:NDQ), the leading provider of proven comprehensive fluorescence imaging solutions that improve clinical outcomes and reduce healthcare costs in minimally invasive and open surgeries, today announced that it will release financial results for the first quarter of 2017 after the close of trading on Wednesday, May 3, 2017.  The Company’s management team will host a corresponding conference call beginning at 4:30 p.m. ET.

Investors interested in listening to the conference call may do so by dialing 877-407-8031 (within Canada and the U.S.) or 201-689-8031 (outside Canada and the U.S.).  A live and archived webcast of the event will be available on the “Investor Relations” section of the Company’s website at: www.novadaq.com.

A replay of the call will be available for 48 hours by calling (877) 481-4010 (within Canada and the U.S.) or (919) 882-2331 (outside Canada and the U.S.), using Conference ID:10307.

About NOVADAQ Technologies Inc. NOVADAQ’s global mission is to enable physicians with point-of-care imaging solutions that provide real-time clinically significant and actionable information to improve care quality and lower healthcare costs. Using NOVADAQ’s SPY fluorescence imaging technology, physicians can personalize therapy and achieve optimal results through the precise visualization of blood flow in vessels, micro-vessels, tissue perfusion and critical anatomical structures during the course of treatment. SPY technology enables the delivery of personalized therapies and the achievement of the optimal results for each individual patient. More than 240 peer-reviewed publications demonstrate that the use of SPY technology will reduce post-procedure complication rates and the cost of care for a broad variety of surgical treatments for cancer, cardiovascular diseases and other conditions, helping to ensure that patients benefit from the very best possible treatment and outcome.

SPY Imaging Systems are U.S. Food and Drug Administration 510(k) cleared, Health Canada licensed, CE Marked and registered worldwide for use in multiple surgical specialties and medical applications. The endoscopic version of SPY technology, known as PINPOINT, combines the fluorescence imaging capabilities of SPY with the high definition visible light visualization to establish a new standard in the quality and performance of minimally invasive surgery. NOVADAQ’s LUNA System is used to visualize blood flow and tissue perfusion while treating patients with atherosclerotic cardiovascular disease that impairs blood flow to the extremities and increases the risk for the development of complications such as acute and chronic non-healing wounds and limb loss. NOVADAQ is the exclusive worldwide distributor of LifeNet Health’s DermACELL acellular tissue products for wound and breast reconstruction surgery.

FOR FURTHER INFORMATION PLEASE CONTACT:

For more information, please contact: Lynn Pieper Lewis or Leigh Salvo (415) 937-5404 investors@novadaq.com

INDUSTRY:

Medical and Healthcare – Medical Devices

SUBJECT: MIS

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FOR: QU BIOLOGICS

VANCOUVER, British Columbia, April 19, 2017 (GLOBE NEWSWIRE) — Qu Biologics Inc., a biopharmaceutical company developing Site Specific Immunomodulators (SSIs), a unique platform of immunotherapies designed to restore the body’s innate immune system, reports high response and remission rates in anti-TNFa naïve patients in its recently completed randomized, placebo controlled trial in moderate to severe Crohn’s disease (CD). In the study, treatment with QBECO SSI for 8 weeks resulted in a statistically significant response rate of 64% compared to 27% in the placebo control (p=0.041). Clinical remission rates after 8 weeks of treatment were also impressive at 50%, more than double the placebo rate of 23% (p=0.16). Clinical response and remission rates were assessed using the standard Crohn’s Disease Activity Index (CDAI), defined as a decrease in CDAI of =70 points (response) and CDAI score =150 points (remission).   

Dr. Brian Bressler, UBC Clinical Assistant Professor of Medicine, Division of Gastroenterology, and Principal Investigator of the trial, explained, “Remission rates in similarly designed randomized placebo controlled trials with current ‘gold-standard’ treatments for CD, Remicade® and Humira®, are approximately 35% in anti-TNFa naïve patients at similar time-points, so the 50% remission rate in this important patient group in this trial is promising.” Dr. Hal Gunn, CEO of Qu Biologics, added, “We are pleased with the high response and remission rates in the QBECO-treated anti-TNFa naïve CD patients at the early Week 8 time-point, particularly as data from the trial suggests that many patients continue to improve on SSI treatment after this time-point. Future studies will assess response and remission rates with longer treatment periods.”

Anti-TNFa naïve patients (i.e., patients who have not been treated with the immunosuppressive drugs Remicade®, Humira®, Cimzia® and Simponi®) represent approximately two-thirds of Crohn’s disease patients in Europe and North America and a higher percentage of patients elsewhere. Patients who have previously been treated with and failed anti-TNFa agents are known to be a more difficult to treat patient group. Data from the trial’s cytokine analysis suggests that patients previously treated with anti-TNFa agents may have greater baseline innate immune suppression/dysregulation. SSI treatment is designed to restore innate immune function and therefore, a longer period of SSI treatment may be required in this latter patient group. As Jim Pankovich, Qu Biologics’ VP Clinical Operations and Drug Development noted, “In patients previously treated with TNFa inhibitors who completed 16 weeks of SSI treatment, 40% were in remission, suggesting that this more challenging patient group may respond to QBECO SSI with longer treatment.”

Dr. Hal Gunn added, “When this data is combined with the genetic and cytokine biomarker data from the trial, it suggests that we may be able to select patient groups with an even higher probability of response and remission with QBECO SSI treatment. These results are very encouraging and will guide us in the design of our next study and in future Phase 3 studies.” Qu Biologics plans to initiate a larger follow-on clinical trial in Crohn’s disease in late 2017/early 2018 with a 52-week QBECO SSI treatment period.

For more information about Qu Biologics and the science behind SSIs, please visit www.qubiologics.com.

About Qu Biologics Qu Biologics is a Vancouver-based private clinical stage biopharmaceutical company developing Site Specific Immunomodulators (SSI), a novel class of immunotherapies. SSIs are designed to stimulate an innate immune response in targeted organs or tissues to reverse the chronic inflammation underlying many conditions including cancer, inflammatory bowel disease, inflammatory lung disease and arthritis. SSIs are a broad platform technology being tested in multiple disease indications, including Health Canada approved clinical trials in lung cancer, Crohn’s disease and Ulcerative Colitis.

Backed by a prestigious group of scientific advisors and board members, Qu Biologics is led by a management team that includes co-founder and CEO Dr. Hal Gunn, a physician and expert on the body’s immune response to chronic disease; and Chief Medical Officer Dr. Simon Sutcliffe, former CEO of the BC Cancer Agency and a distinguished clinician, scientist and leader in cancer control in Canada and internationally.

Qu Biologics Inc. cautions you that statements included in this press release that are not a description of historical facts may be forward-looking statements. Forward-looking statements are only predictions based upon current expectations and involve known and unknown risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of release of the relevant information, unless explicitly stated otherwise. Actual results, performance or achievement could differ materially from those expressed in, or implied by, Qu Biologics’ forward-looking statements due to the risks and uncertainties inherent in Qu Biologics’ business including, without limitation, statements about: the progress and timing of its clinical trials; difficulties or delays in development, testing, obtaining regulatory approval, producing and marketing its products; unexpected adverse side effects or inadequate therapeutic efficacy of its products that could delay or prevent product development or commercialization; the scope and validity of patent protection for its products; competition from other pharmaceutical or biotechnology companies; and its ability to obtain additional financing to support its operations. Qu Biologics does not assume any obligation to update any forward-looking statements except as required by law.

FOR FURTHER INFORMATION PLEASE CONTACT:

For more information regarding this press release, contact: Hal Gunn, MD CEO Qu Biologics Inc. Phone: 604.734.1450  Email: media@qubiologics.com

INDUSTRY:

Pharmaceuticals and Biotech – Biotech

SUBJECT: PDT

NEWS RELEASE TRANSMITTED BY Globe Newswire

^{Information: For more information regarding this press release, contact: Hal Gunn, MD CEO Qu Biologics Inc. Phone: 604.734.1450  Email: media@qubiologics.com}

Globenewswire

FOR: TOTAL ENERGY SERVICES INC.TSX SYMBOL: TOTDate issue: April 19, 2017Time in: 7:21 PM eAttention:
CALGARY, ALBERTA–(Marketwired – April 19, 2017) – Total Energy Services Inc.
(“Total”) (TSX:TOT) will conduct a conference call and webcast following …

FOR: ZEPTOLAB

LONDON , April 19, 2017 (GLOBE NEWSWIRE) — Pump up your tires and prepare for battle! C.A.T.S.: Crash Arena Turbo Stars, the latest mobile PvP game from Cut the Rope and King of Thieves creators, is now available for free on iOS and Android. Build and customize battle cars in the role of a street kitten, and go head-to-head against other players to become the Crash Arena champion.

Get C.A.T.S.: Crash Arena Turbo Stars for free:

• Apple App Store: https://itunes.apple.com/us/app/cats-crash-arena-turbo-stars/id1208561922
• Google Play: https://play.google.com/store/apps/details?id=com.zeptolab.cats.google

View the official launch trailer here: https://youtu.be/Ssb-MHsOVvM

Your road to the top of the World Championship starts in the garage. Experiment, upgrade, and combine a variety of deadly hand-made weapons and gadgets — from drills and chainsaws to soda pop bottles — to build a machine that’s unlike any other. When your car is good enough, enter the Championship and fight against real players from all over the world in uncontrollable physics-based battles. Defeat all opponents in the group to move into the next stage. Higher stages allow access to higher ranked weaponry and accessories.

“We made sure that battles in C.A.T.S. are unpredictable, frantic and exciting to watch,” says ZeptoLab’s Co-founder Efim Voinov. “We are looking forward to all the amazing battles our players will experience — and share.”

And that’s not all! Customize your ride with different stickers, fight against friends to see who’s the better engineer, and bet the spare parts on the strongest machine created by other players to get bonuses for your weapons.

Get the game now for free and become the star of the Arena!

• Apple App Store: https://itunes.apple.com/us/app/cats-crash-arena-turbo-stars/id1208561922
• Google Play: https://play.google.com/store/apps/details?id=com.zeptolab.cats.google

Art assets are available in the press kit: https://drive.google.com/drive/u/0/folders/0B3ZKpPwCJsy0NzY5dEV6YS04WE0

For more information:

• Visit the official website: www.catsthegame.com
• Like the game on Facebook: www.facebook.com/catsthegame
• Follow the game on Twitter: www.twitter.com/catsthegame
• Subscribe to the official YouTube channel: https://www.youtube.com/c/CATSCrashArenaTurboStars

About ZeptoLabZeptoLab UK Limited is a global gaming and entertainment company best known for developing the award-winning hit franchise Cut the Rope®. Cut the Rope games have been downloaded more than 1 billion times by users around the world since the first game’s debut in October 2010. The company has also released King of Thieves, a massive multiplayer mobile title with more than 50 million downloads so far, as well as Pudding Monsters and My Om Nom games. All of the games can be enjoyed on all major mobile platforms, including (but not limited to): iOS, Google Play, Amazon and Windows Phone. For more information, please visit www.zeptolab.com.

ZeptoLab, Cut the Rope, Om Nom, Nommies and Feed with Candy are the trademarks or registered trademarks of ZeptoLab UK Limited. © 2017. All rights reserved.

FOR FURTHER INFORMATION PLEASE CONTACT:

Media Contact TriplePoint for ZeptoLab in US zeptolab@triplepointpr.com (415) 955-8500 ZeptoLab UK Ltd. Staple Court, 11 Staple Inn Buildings London, WC1V 7QH United Kingdom info@zeptolab.com +44 7949 320701

INDUSTRY:

Computers and Software – Software

SUBJECT: PDT

NEWS RELEASE TRANSMITTED BY Globe Newswire

^{Information: Media Contact TriplePoint for ZeptoLab in US zeptolab@triplepointpr.com (415) 955-8500 ZeptoLab UK Ltd. Staple Court, 11 Staple Inn Buildings London, WC1V 7QH United Kingdom info@zeptolab.com +44 7949 320701}

Globenewswire

FOR: SUNCOR ENERGY INC.TSX SYMBOL: SUNYSE SYMBOL: SUDate issue: April 19, 2017Time in: 6:00 PM eAttention:
CALGARY, ALBERTA–(Marketwired – April 19, 2017) – Suncor today provided an
update on the Syncrude Mildred Lake Oil Sands facility following the …

FOR: MULLEN GROUP LTD.TSX SYMBOL: MTLDate issue: April 19, 2017Time in: 5:45 PM eAttention:
OKOTOKS, ALBERTA–(Marketwired – April 19, 2017) – Mullen Group Ltd. (TSX:MTL)
(“Mullen Group”, “We”, “Our” and/or the “Corporation”), one of Canada’s largest
s…

FOR: AFRICA OIL CORP.TSX SYMBOL: AOIOMX SYMBOL: AOIDate issue: April 19, 2017Time in: 5:30 PM eAttention:
VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 19, 2017) – Africa Oil Corp.
(TSX:AOI) (OMX:AOI) (“Africa Oil”, “AOC” or the “Company”) announce…

FOR: BONTERRA ENERGY CORP.TSX SYMBOL: BNEDate issue: April 19, 2017Time in: 5:30 PM eAttention:
CALGARY, ALBERTA–(Marketwired – April 19, 2017) – Bonterra Energy Corp.
(www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or “the Company”) today
announces th…

FOR: UNITED HUNTER OIL & GAS CORP.
TSX VENTURE SYMBOL: UHO
FRANKFURT SYMBOL: A118VK

Date issue: April 19, 2017
Time in: 5:00 PM e

Attention:

VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 19, 2017) – United Hunter Oil
and Gas Corp. (TSX VENTURE:UHO)(FRANKFURT:A118VK) (“UHO” or the “Corporation”)
announces a non-brokered private placement (the “Private Placement”) of up to
1,000,000 Common Shares at a price of $0.20 per Common Share, with a 1/2
warrant per share issued for gross proceeds of up to $1 million.

Private Placement

The Private of up to 1,000,000 Common Shares at a price of $0.20 per Common
Share, with a 1/2 warrant per share issued, for gross proceeds of up to
$1,000,000 will be non-brokered, however, the Company may pay finder’s fees in
accordance with the rules and policies of the TSXV. It is expected that the
Common Shares offered under the Private Placement will be eligible under all
usual statutes including RRSPs and TFSAs.

The Private Placement is subject to certain customary conditions, including,
but not limited to, the execution of definitive subscription agreements with
subscribers, and the receipt of any and all necessary regulatory approvals,
including that of the TSXV. Closing of the Private Placement is anticipated to
occur within thirty days or as long as the Corporation deems necessary. All
securities issued in connection with the Private Placement will be subject to a
statutory hold period of four months plus one day from the date of completion
of the Private Placement in accordance with applicable securities legislation.

The net proceeds from the Private Placement will be used for continuing
expenses associated with the ongoing due diligence and legal expenses
associated with the Company’s interest in several oil and gas projects, general
working capital and repayment of debt.

About the Issuer

United Hunter Oil & Gas Corp. (www.unitedhunteroil.com) is a Canadian based
corporation with management very experienced in the oil and gas industry with
projects in the United States. United Hunter Oil & Gas Corp. is publicly traded
on the TSX Venture Exchange (TSX VENTURE:UHO) and Frankfurt Exchange
(FRANKFURT:A118VK). The Corporation’s public filings may be found at
http://www.sedar.com.

Certain statements contained in this press release constitute “forward-looking
statements” as such term is used in applicable Canadian and US securities laws.
These statements relate to analyses and other information that are based upon
forecasts of future results, estimates of amounts not yet determinable and
assumptions of management.

Forward-looking statements are made based on management’s beliefs, estimates
and opinions on the date the statements are made and the Corporation undertakes
no obligation to update forward-looking statements and if these beliefs,
estimates and opinions or other circumstances should change, except as required
by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

– END RELEASE – 19/04/2017

For further information:
Timothy Turner
CEO
(713) 858-3329
info@unitedhunteroil.com

COMPANY:
FOR: UNITED HUNTER OIL & GAS CORP.
TSX VENTURE SYMBOL: UHO
FRANKFURT SYMBOL: A118VK

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170419CC0085

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: UNITED HUNTER OIL & GAS CORP.
TSX VENTURE SYMBOL: UHO
FRANKFURT SYMBOL: A118VK

Date issue: April 19, 2017
Time in: 5:00 PM e

Attention:

VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 19, 2017) – United Hunter Oil
& Gas Corp. (“Corporation”) (TSX VENTURE:UHO)(FRANKFURT:A118VK) announces the
appointment of Miles Nagamatsu as Chief Financial Officer of the Corporation,
effective immediately. Mr. Nagamatsu previously served the Corporation in a
similar capacity and we welcome his services once again. A Chartered
Professional Accountant, Chartered Accountant with over 35 years of experience
who serves as Chief Financial Officer and director of public and private
companies primarily in the mineral exploration and investment management
sectors. Mr. Nagamatsu has over 35 years of experience in accounting,
management, lending, restructurings and turnarounds.

Since 1993, Miles has acted as a Chief Financial Officer of public and private
companies primarily in the mineral exploration and investment management
sectors. For over 25 years, Mr. Nagamatsu has served as volunteer Chair of the
Finance Committee and Director of Cystic Fibrosis Canada. He holds a Bachelor
of Commerce degree from McMaster University and is a Chartered Accountant.

Furthermore, the Corporation would like to announce the appointment of Mr. Alec
Robinson, as a new member to the Board of Directors. Alec brings an extensive
level of experience encompassing the many senior level executive positions that
he held within a major oil company and the work efforts he held with several
junior exploration companies. His experience includes several international,
onshore and offshore, exploration and production projects, which span from
South America to Europe, the Middle East and Africa. He has a Master’s Degree
in petroleum geology from Imperial College, London.

Timothy Turner, CEO of the Corporation, stated that “United Hunter is pleased
to welcome both Miles Nagamatsu, as the new Chief Financial Officer, and Alec
Robinson, as a new Board Member, to the Corporation. I have had the opportunity
to work with Miles in the past and I know that he will bring a high level of
energy and work ethic to this position and to our organization. Also, we are
pleased to welcome Mr. Alec Robinson to the Board of Directors. We anticipate
that Alec’s worldwide exploration and production experience will deliver an
additional level of experience so as to continue our efforts to locate scalable
projects for the Corporation and look forward to his contribution to the
Corporation’s future successes. He will be a significant asset to our Board and
we look forward to working with both gentlemen well into the future.”

Both appointments will require filing the necessary regulatory paperwork to the
TSX Venture exchange.

Certain statements in the documents referred to in this press release may
constitute forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements include, but are not limited to,
statements concerning (i) the acquisition of the Property Interest; and (ii)
potential results from the Property Interest. Forward-looking statements
generally can be identified by the use of forward looking terminology such as
“outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”,
“anticipate”, “believe”, “should”, “plans” or “continue”, or similar
expressions suggesting future outcomes or events. Such forward-looking
statements reflect management’s current beliefs and are based on information
currently available to management. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from those
contemplated by such statements. Such forward-looking statements are subject to
risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the statements
including, without limitation, the risks that: (1) UHO may not achieve the
results currently anticipated; and (2) UHO may not be able to obtain financing
in the future. Although UHO believes that the expectations reflected in its
forward-looking information are reasonable, undue reliance should not be placed
on forward-looking information because UHO can give no assurance that such
expectations will prove to be correct. In addition to other factors and
assumptions which may be identified in this press release, assumptions have
been made regarding and are implicit in, among other things, the timely receipt
of required regulatory approvals. Details of the risk factors relating to UHO
and its business are discussed under the heading “Risk Factors” in the
Management Discussion & Analysis dated November 22, 2016, a copy of which is
available on UHO’s SEDAR profile at www.sedar.com. Readers are cautioned that
the foregoing list is not exhaustive of all factors and assumptions which have
been used. Forward-looking information is based on current expectations,
estimates and projections that involve a number of risks and uncertainties
which could cause actual results to differ materially from those anticipated by
UHO and described in the forward looking information. The forward-looking
information contained in this press release is made as of the date hereof and
UHO 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.

Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

– END RELEASE – 19/04/2017

For further information:
Timothy Turner
CEO
(832) 487-0813
info@unitedhunteroil.com
OR
Mr. Miles Nagamatsu
CFO
miles.nagamatsu@gmail.com

COMPANY:
FOR: UNITED HUNTER OIL & GAS CORP.
TSX VENTURE SYMBOL: UHO
FRANKFURT SYMBOL: A118VK

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170419CC0086

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: HARVEST OPERATIONS CORP.

Date issue: April 19, 2017
Time in: 4:30 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – April 19, 2017) – Harvest Operations Corp.
(“Harvest” or the “Company”) announced that the Company has filed its 2016 Form
20-F with the United States Securities and Exchange Commission (“SEC”) for the
year ended December 31, 2016.

The Company filed its Audited Consolidated Financial Statements and related
Management’s Discussion and Analysis (“MD&A”) on SEDAR, EDGAR and SGXNet on
February 23, 2017 and filed its Annual Information Form (“AIF”) and its
Statement of Reserves Data and Other Oil and Gas Information Form 51-101F1 on
March 28, 2017 for the year ended December 31, 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 – 19/04/2017

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

COMPANY:
FOR: HARVEST OPERATIONS CORP.

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170419CC0081

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: GLOBALSTAR CANADA SATELLITE CO.
NYSE SYMBOL: GSAT

Date issue: April 19, 2017
Time in: 8:30 AM e

Attention:

30% of all SPOT rescues worldwide have been initiated in Canada

MISSISSAUGA, ONTARIO–(Marketwired – April 19, 2017) –

Note to editors: There is an infographic associated with this press release.

Globalstar Canada Satellite Co., a wholly owned subsidiary of Globalstar Inc.
(NYSE:GSAT) and a leader in satellite messaging and emergency notification
technologies, announced today that its SPOT family of products has surpassed
the milestone of initiating 5,000 rescues since its launch in 2007. These
rescues have taken place on six continents and in over 89 countries. 30% of
SPOT rescues around the world have been initiated in Canada (1,500 rescues and
counting).

SPOT provides affordable location-based messaging and a lifesaving S.O.S.
service to hundreds of thousands of users worldwide including campers, hikers,
fishermen, snowmobilers, hunters, motorcyclists and those who enjoy outdoor
adventures and travelling off-the-grid. SPOT users have the ability to track
assets, use location-based messaging and get help when beyond cellular
coverage.

1,500+ SPOT rescues initiated in Canada

In Canada, SPOT has been used to initiate more than 1,500 rescues since 2007.
The majority of these rescues have taken place in British Columbia (41%),
followed by Alberta (17%), the North including Yukon, Northwest Territories and
Nunavut (17%), Quebec (13%) and Ontario (12%). SPOT rescue incidents in Canada
primarily involve hiking and mountain sports, boating and water sports, motor
vehicle and medical incidents. In 2016, the SPOT family of products set a new
safety record in Canada with 274 rescues.

There are more than 65,000 SPOT customers in Canada who use the technology for
recreational and business applications, including compliance with lone worker
safety legislation and minimizing the risks for employees working in remote
areas. According to the National Search and Rescue Secretariat, Canada is
comprised of 18 million square kilometres of land and water(1). This area
covers 243,800 kilometres of coastline, 3 oceans and 3 million lakes including
the Great Lakes and the St. Lawrence River system. With one of the world’s
largest areas of responsibility for search and rescue, there are 8 million
square kilometres in Canada which fall outside the reach of traditional
cellular and GSM networks(2).

Recent worldwide rescues initiated with SPOT include a woman in Canada who was
involved in a snowmobile accident and was airlifted after suffering severe
injuries; a lone worker in the U.S. who pressed the SOS button on SPOT after
suffering from a seizure while on a logging job site; and a man in Switzerland
who was transported to a hospital via helicopter after a skiing accident. More
stories from some of the thousands of rescues initiated by SPOT are available
online, searchable by region.

“For nearly a decade, we have dedicated ourselves to offering affordable,
lifesaving technology that people can rely on,” said Jay Monroe, Chief
Executive Officer of Globalstar. “We are proud that SPOT has been universally
accepted as the leader in satellite messaging and that we have been able to
provide peace of mind to families, co-workers and loved ones worldwide. This
5000 rescue milestone is a result of the hard work put in by the entire team at
Globalstar, our partners at GEOS and the Search and Rescue community.”

SPOT customers are currently initiating nearly two rescues a day. SPOT excludes
test messages, false alarms, lost or stolen units and duplicate messages from
rescue count.

The centerpiece of the SPOT family is the award-winning SPOT Gen3(TM), a
global, satellite GPS messenger that provides on or off-the-cellular-grid
messaging, emergency alerts, and GPS tracking. SPOT Trace(TM) is a theft-alert
satellite device that can track anything, anytime, anywhere including cars,
snowmobiles, boats or other valuable gear. For more information on SPOT Gen3
and SPOT Trace, including pricing, promotions and dealer locator, visit
FindMeSPOT.ca.

SPOT Rescue Infographic

To view rescue information in more detail, download this new Infographic which
breaks down worldwide incidents by region and activity.

About Globalstar

Globalstar is a leading provider of mobile satellite voice and data services.
Customers around the world in industries such as government, emergency
management, marine, logging, oil & gas and outdoor recreation rely on
Globalstar to conduct business smarter and faster, maintain peace of mind and
access emergency personnel. Globalstar data solutions are ideal for various
asset and personal tracking, data monitoring, SCADA and IoT applications. The
Company’s products include mobile and fixed satellite telephones, the
innovative Sat-Fi satellite hotspot, Simplex and Duplex satellite data modems,
tracking devices and flexible service packages.

Note that all SPOT products described in this press release are the products of
SPOT LLC, which is not affiliated in any manner with Spot Image of Toulouse,
France or Spot Image Corporation of Chantilly, Virginia. SPOT Connect is a
trademark of SPOT LLC. All other trademarks are the property of their
respective owners.

For more information regarding Globalstar Canada Satellite Co., please visit
www.globalstar.ca.

(1)Source: Public Safety Canada, Quadrennial Search and Rescue Review, Dec.
2013. (section II, Executive Summary).

(2)Source: This stat was calculated based on the CRTC’s estimate that cell
coverage extends to 20% of Canada and that Canada’s total land mass is 9.98
million square kilometers. CRTC report, section 5.5 “Wireless networks cover
approximately 20% of Canada’s geographic land mass”

– END RELEASE – 19/04/2017

For further information:
Media Contact
Caroline McGrath
CMM Communications (for Globalstar Canada Satellite Co.)
cmcgrath@globalstar.ca
416-972-1642

COMPANY:
FOR: GLOBALSTAR CANADA SATELLITE CO.
NYSE SYMBOL: GSAT

INDUSTRY: Telecom – Cable and Satellite Services
RELEASE ID: 20170419CC0023

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: XTREME DRILLING CORP.
TSX SYMBOL: XDC

Date issue: April 19, 2017
Time in: 8:30 AM e

Attention:

CALGARY, ALBERTA–(Marketwired – April 19, 2017) –

(All amounts in Canadian dollars)

Xtreme Drilling Corp. (“Xtreme” or the “Company”) (TSX:XDC), today announced
the terms of its previously announced substantial issuer bid (the “Offer”),
pursuant to which Xtreme will offer to purchase for cancellation up to
10,416,667 of its common shares (“Shares”) for an aggregate purchase price not
to exceed CDN$25,000,000. The Offer will be conducted through a “modified Dutch
auction” within a price range of not less than CDN$2.40 per Share and not more
than CDN$2.80 per Share (in increments of CDN$0.05 per Share within that
range). We intend to fund the Offer with available cash on hand.

The “modified Dutch auction” tender process allows shareholders to individually
select the price, within the specified range (and specified increments), at
which they are willing to sell their Shares. When the Offer expires, we will
select the lowest purchase price that will allow us to purchase the maximum
number of Shares properly tendered to the Offer, and not properly withdrawn,
having an aggregate purchase price not exceeding CDN$25,000,000. If Shares with
an aggregate purchase price of more than CDN$25,000,000 are properly tendered
and not properly withdrawn, we will purchase the Shares on a pro rata basis
except that “odd lot” tenders (of holders beneficially owning fewer than 100
Shares) will not be subject to pro-ration. The Offer will not be conditioned on
any minimum number of Shares being tendered to the Offer, but will be subject
to other conditions customary for a transaction of this nature. The Offer will
expire at 5 p.m. Eastern time on June 1, 2017, unless terminated or extended by
Xtreme.

We expect to mail the formal Offer to Purchase, Issuer Bid Circular and other
related documents containing the terms and conditions of the Offer,
instructions for tendering Shares, and the factors considered by Xtreme and its
Board of Directors in making its decision to approve the Offer, among other
things, on or about April 26, 2017. These documents will be filed with the
applicable Canadian Securities Administrators and will be available free of
charge on SEDAR at www.sedar.com and on Xtreme’s website at
www.xtremedrillingcorp.com. Shareholders should carefully read the Offer to
Purchase, Issuer Bid Circular and other related documents prior to making a
decision with respect to the Offer.

Any questions or requests for information may be directed to Computershare
Trust Company of Canada, as the depositary for the Offer, at 1-800-564-6253
(Toll Free – North America) or 1-514-982-7555 (Overseas).

Xtreme’s Board of Directors has authorized the making of the Offer based on a
recommendation of an independent committee of Xtreme’s Board of Directors. None
of Xtreme, its Board of Directors or the depositary makes any recommendation to
any Xtreme shareholder as to whether to tender or refrain from tendering their
Shares under the Offer or as to the purchase price(s) at which such
shareholders may tender Shares under the Offer. Shareholders are urged to
consult their own financial, tax and legal advisors and to make their own
decisions whether to tender or to refrain from tendering their Shares to the
Offer and, if so, how many Shares to tender and at what price or prices.

About Xtreme

Xtreme designs, builds, and operates a fleet of high specification AC drilling
rigs featuring leading-edge proprietary technology. Currently, Xtreme operates
one service line – Drilling Services (XDR) under contracts with oil and natural
gas exploration and production companies and integrated oilfield service
providers in Canada and the United States. For more information about the
Company, please visit www.xtremedrillingcorp.com.

The Offer referred to in this news release has not yet commenced. This news
release is neither an offer to purchase nor a solicitation of an offer to sell
any common shares of Xtreme. Any solicitation and the offer to purchase Shares
by Xtreme will be made pursuant to an offer to purchase, issuer bid circular,
letter of transmittal and related materials that Xtreme will file with
applicable securities authorities and Xtreme will distribute these materials to
its shareholders. Copies of these materials will be available free of charge at
www.sedar.com. These materials will contain important information about the
Offer and Xtreme shareholders are urged to read them carefully.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information related to our plans,
objectives, expectations and intentions, including our expectations regarding
the launch, terms and timing of the Offer, that we intend to fund any purchases
of Shares pursuant to the Offer from available cash on hand, the intended
mailing date of the Offer materials, and other statements contained in this
release that are not historical facts. Such forward-looking statements are
predictive in nature and may be based on current expectations, forecasts or
assumptions involving risks and uncertainties that could cause actual outcomes
and results to differ materially from the forward-looking statements
themselves. Such forward-looking statements may, without limitation, be
preceded by, followed by, or include words such as “believes”, “expects”,
“anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”,
“potential”, “possible”, “contemplate”, “seek”, or similar expressions, or may
employ such future or conditional verbs as “may”, “might”, “will”, “could”,
“should” or “would”, or may otherwise be indicated as forward-looking
statements by grammatical construction, phrasing or context. For those
statements, we claim the protection of the safe harbor for forward-looking
statements contained in applicable Canadian securities laws. Forward-looking
statements are not guarantees of future performance and are subject to risks
that could cause actual results to differ materially from conclusions,
forecasts or projections expressed in such statements, including, among others,
risks related to: Xtreme’s future capital requirements, market and general
economic conditions, and its ability to obtain regulatory approvals. These
statements are inherently subject to significant risks, uncertainties and
changes in circumstances, many of which are beyond the control of Xtreme. Our
actual results may differ materially from those expressed or implied by such
forward-looking statements, including as a result of changes in global,
political, economic, business, competitive, market and regulatory factors.
These and other risks and uncertainties, as well as other information related
to Xtreme, are discussed in our public filings at www.sedar.com, including in
our annual MD&A and our Annual Information Form. Forward-looking statements are
provided for the purpose of assisting readers in understanding management’s
current expectations and plans relating to the future. Readers are cautioned
that such information may not be appropriate for other purposes. Except as
required by applicable law, we disclaim any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

– END RELEASE – 19/04/2017

For further information:
Xtreme Drilling Corp.
Matt Porter
President and Chief Executive Officer
+1 281 994 4600
ir@xdccorp.com
http://www.xdccorp.com/

COMPANY:
FOR: XTREME DRILLING CORP.
TSX SYMBOL: XDC

INDUSTRY: Energy and Utilities – Equipment, Energy and Utilities –
Oil and Gas
RELEASE ID: 20170419CC0025

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