Day: May 24, 2017

FOR: CANADIAN OVERSEAS PETROLEUM LTD
TSX VENTURE SYMBOL: XOP
LSE SYMBOL: COPL

Date issue: May 25, 2017
Time in: 2:00 AM e

Attention:

CALGARY, AB–(Marketwired – May 24, 2017) – Canadian Overseas Petroleum Ltd
(TSX VENTURE: XOP) (LSE: COPL)

(TSXV: XOP) (LSE: COPL)

Canadian Overseas Petroleum Limited

Common Share Offering

Calgary, Canada, 25 May 2017- Canadian Overseas Petroleum Limited (the
“Company”) (TSXV: XOP) (LSE: COPL), is pleased to announce a Common Share
offering to raise gross proceeds of £ 3.25 million (the “Placing”),
pursuant to which the Company will issue 650,000,000 new common shares
(“Placing Shares”) at a price of 0.5 pence per Placing Share. Management,
including Arthur Millholland, President & CEO, representing approximately
3% of the existing share capital of the Company, and certain existing
shareholders, plan to participate in the Placing for an amount approximately
equal to their proportionate current holdings in the Company.

Full details of the Placing will be included in the Prospectus filed with the
UK Listing Authority, which is expected to be published later today and be
available on SEDAR and the Company’s website, http://canoverseas.com (subject
to certain access restrictions), shortly thereafter.

The Company intends to use the net proceeds of the Placing to fund the
Company’s on-going general and administrative expenses which principally covers
a full technical team including geologists, a geophysicist, reservoir
engineers, a drilling engineer and in-house Counsel, which are approximately
US$385,000 per month, as the Company seeks to progress its projects in West
Africa.

Mr. Arthur Millholland, President & CEO
Canadian Overseas Petroleum Limited
Tel: + 1 (403) 262 5441

Cathy Hume
CHF Investor Relations
Tel: +1 (416) 868 1079 ext. 231
Email: cathy@chfir.com

Harriet Jackson/Charles Goodwin
Yellow Jersey PR Limited
Tel: +44 (0) 75 4427 5882
Email: copl@yellowjerseypr.com

Broker: London Stock Exchange
Shore Capital Stockbrokers Limited
Edward Mansfield / Mark Percy
Phone: T: +44 20 7408 4090

Click on, or paste the following link into your web browser, to view the
associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/1771G_1-2017-5-25.pdf

This information is provided by RNS
The company news service from the London Stock Exchange

– END RELEASE – 25/05/2017

For further information:
RNS
Customer
Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com

COMPANY:
FOR: CANADIAN OVERSEAS PETROLEUM LTD
TSX VENTURE SYMBOL: XOP
LSE SYMBOL: COPL

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170525CC0004

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: MACRO ENTERPRISES INC.TSX VENTURE SYMBOL: MCRDate issue: May 24, 2017Time in: 8:00 PM eAttention:
FORT ST. JOHN, BRITISH COLUMBIA–(Marketwired – May 24, 2017) – Macro
Enterprises Inc. (TSX VENTURE:MCR) –
/T/
…

FOR: CRESCENT POINT ENERGY CORP.
TSX SYMBOL: CPG
NYSE SYMBOL: CPG

Date issue: May 24, 2017
Time in: 7:46 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – May 24, 2017) – Crescent Point Energy Corp.
(“Crescent Point” or the “Company”) (TSX:CPG)(NYSE:CPG) held its annual general
meeting on May 24, 2017, in Calgary. Approximately 247 million shares,
representing 45.25% of common shares, were represented in person or by proxy at
the meeting.

During the regular business proceedings at the meeting, shareholders approved
the election of all nominated directors.

Full voting results for all resolutions are below. For comparison, the Company
has also included the voting results in favour of resolutions that were passed
at last year’s annual general meeting, which had 46.84% of common shares
represented in person or by proxy.

/T/

1. Fixing Number of Directors

/T/

The appointment of 10 board members for the ensuing year was approved by a show
of hands. Proxies and in-person votes were received as follows:

/T/

—————————————————————————-
Votes For Percent Against Percent 2016 Votes For
—————————————————————————-
244,038,359 99.02% 2,423,725 0.98% 99.68%
—————————————————————————-

2. Election of Directors

/T/

The 10 director nominees proposed by management were elected by a show of
hands. Proxies and in-person votes were received as follows:

/T/

—————————————————————————-

2016 Votes
Nominee Votes For Percent Withheld Percent For
—————————————————————————-
Rene Amirault 225,222,556 91.96% 19,692,511 8.04% 78.43%
Peter Bannister 228,096,881 93.13% 16,818,186 6.87% 98.53%
Laura A. Cillis 230,027,638 93.92% 14,887,429 6.08% 89.49%
D. Hugh Gillard 225,870,725 92.22% 19,044,342 7.78% 88.46%
Ted Goldthorpe 240,695,393 98.28% 4,219,674 1.72% N/A
Robert F. Heinemann 222,532,395 90.86% 22,382,672 9.14% 89.29%
Mike Jackson 232,957,004 95.12% 11,958,063 4.88% N/A
Barbara Munroe 229,394,691 93.66% 15,520,376 6.34% 99.59%
Gerald A. Romanzin 235,966,066 96.35% 8,949,001 3.65% 98.68%
Scott Saxberg 230,364,374 94.06% 14,550,693 5.94% 97.04%
—————————————————————————-

3. Appointment of Auditors

/T/

The appointment of PricewaterhouseCoopers LLP as Crescent Point’s auditors was
approved by a show of hands. Proxies and in-person votes were received as
follows:

/T/

—————————————————————————-
Votes For Percent Withheld Percent 2016 Votes For
—————————————————————————-
244,568,538 99.23% 1,893,546 0.77% 99.31%
—————————————————————————-

4. Advisory Vote on Executive Compensation

/T/

The resolution to accept the Company’s approach to executive compensation, the
full text of which is set forth in the Information Circular, was approved.
Proxies and in-person votes were received as follows:

/T/

—————————————————————————-
Votes For Percent Against Percent 2016 Votes For
—————————————————————————-
211,568,818 86.36% 33,422,825 13.64% 31.00%
—————————————————————————-

/T/

“Throughout 2016, our Board and Compensation Committee worked with shareholders
and incorporated their feedback in our revised compensation plan,” said Scott
Saxberg, president and CEO of Crescent Point. “We remain committed to being
transparent and accountable with our investors and value ongoing feedback.”

The biographies of Crescent Point’s board members and more details about the
Company’s corporate governance practices are available on
www.crescentpointenergy.com.

Crescent Point is one of Canada’s largest light and medium oil producers, based
in Calgary, Alberta. The Company is focused on growing its significant resource
base in the Williston Basin, southwest Saskatchewan and the Uinta Basin in
Utah. Crescent Point strives to maximize shareholder returns through its total
return strategy of long-term growth plus dividend income.

CRESCENT POINT ENERGY CORP.

Scott Saxberg, President and Chief Executive Officer

Crescent Point shares are traded on the Toronto Stock Exchange and New York
Stock Exchange under the symbol CPG.

– END RELEASE – 24/05/2017

For further information:
Crescent Point Energy Corp.
Ken Lamont
Chief Financial Officer
(403) 693-0020 or Toll-free (US & Canada): 888-693-0020
OR
Crescent Point Energy Corp.
Brad Borggard
Vice President, Corporate Planning and Investor Relations
(403) 693-0020 or Toll-free (US & Canada): 888-693-0020
(403) 693-0070 (FAX)
www.crescentpointenergy.com

COMPANY:
FOR: CRESCENT POINT ENERGY CORP.
TSX SYMBOL: CPG
NYSE SYMBOL: CPG

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170524CC0075

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: DIVESTCO INC.
TSX VENTURE Symbol: DVT

Date issue: May 24, 2017
Time in: 6:28 PM e

Attention:

CALGARY, AB –(Marketwired – May 24, 2017) – (TSX VENTURE: DVT) – Divestco
Inc. (“Divestco” or the “Company”), an exploration services company dedicated
to providing a comprehensive and integrated portfolio of data, software and
services to the oil and gas industry worldwide, today announced its financial
and operating results for the three months ended March 31, 2017.

Financial Highlights

Overall Performance and Operational Results

/T/

—————————————————————————-
Financial Results (Thousands, Except Per Share Amounts)
—————————————————————————-

Three months ended March 31
—————————————————————————-
2017 2016 $ Change % Change
—————————————————————————-

Revenue $ 3,981 $ 3,137 $ 844 27%

Operating Expenses (1) 2,897 2,675 222 8%

Other Loss 22 69 (47) -68%
—————————————————————————-

EBITDA (2) 1,062 393 669 170%

Finance Costs 353 355 (2) -1%

Depreciation and Amortization (3) 3,103 1,432 1,671 117%
—————————————————————————-

Net Loss $ (2,394) $ (1,394) $ (1,000) N/A
Per Share – Basic and Diluted (0.04) (0.02) (0.02) N/A
—————————————————————————-

Funds from Operations $ 485 $ 397 $ 88 22%
Per Share – Basic and Diluted 0.01 0.01 – 0%
—————————————————————————-

Class A Shares Outstanding 66,884 67,252 N/A N/A

Weighted Average Shares
Outstanding

Basic and Diluted 66,884 67,211 N/A N/A
—————————————————————————-

/T/

/T/

(1) Includes salaries & benefits, general & administrative expenses and

share-based payments but excludes depreciation and amortization and
other losses (income)
(2) See the “Non GAAP Measures” section of the Company’s Management
Discussion and Analysis filed on the Company’s website and on SEDAR
(3) Increase in Q1 2017 from Q1 2016 is due to a new seismic survey
completed in Q1 2017. The Company’s policy is to amortize 40% of the
cost of a new seismic survey in the period of data delivery.

/T/

Q1 2017 vs. Q1 2016

Divestco generated revenue of $4.0 million in Q1 2017 compared to $3.1 million
in Q1 2016, an increase of $0.9 million (27%) mainly due to higher Seismic
Data segment revenue related to the completion of a new seismic survey.
Revenue in the Seismic Data segment ($2.6 million) increased by $1.7 million
(186%). Revenue in the Software & Data segment ($0.7 million) decreased by
$0.4 million (29%) and revenue in the Services segment ($0.6 million)
decreased by $0.6 million (47%). Operating expenses increased by $0.2 million
(8%) due to higher business taxes and royalties. Finance costs remained
unchanged. Depreciation and amortization was $3.1 million in Q1 2017 compared
to $1.4 million in Q1 2016, an increase of $1.7 million (117%) due to the
completion of a new seismic survey. Depreciation and amortization was $3.1
million in Q1 2017 compared to $1.4 million in Q1 2016, an increase of $1.7
million (117%) due to the completion of a new seismic survey.

Financial Position (1)

As at March 31, 2017, Divestco had a working capital deficiency of $0.1
million (December 31, 2016: $3.9 million deficiency), excluding deferred
revenue of $1.1 million (December 31, 2015: $1.7 million). The decrease in the
working capital deficit from the end of 2016 was due to the repayment of a
bridge loan in March 2017 and positive funds from operations.

/T/

(1) See the “Non GAAP Measures” section of the Company’s Management

Discussion and Analysis filed on the Company’s website and on SEDAR

/T/

Operations Update and Outlook

The improvement in West Texas Intermediate oil prices from a low of
US$33/barrel in March 2016 to a high of US$54/barrel in March 2017 has led to
increases in capital spending by the industry. With the recent announcements
of equity and debt financings, access to capital also seems to be improving
for our clients leading us to view the later part of the year in a more
favourable light. Divestco diligently monitors its operating expenses, and we
have reduced our costs by over 50% since 2014. Most of the austerity measures
that the Company put in place in response to the downturn are expected to
remain in place for the remainder of 2017 or until a change in activity levels
is realized.

Mr. Stephen Popadynetz, CEO and President commented: “Divestco has continued
to see improvements in the financial results in Q1 2017, completing the
quarter with $0.5 million in positive funds from operations and reducing our
working capital deficit by $3.8 million. We also negotiated new financing and
retired our $3.2 million bridge loan in March 2017. Our strategy of focussing
on international markets resulted in us being awarded several contracts which
we expect to complete over the next two quarters. Domestically, we continue to
see new opportunities within all our divisions and we are well positioned to
take advantage of the uptick in activity levels and capital spending plans.
After two long years of industry contraction, we are finally starting to see
opportunities for growth throughout our organization and for improved earnings
and financial stability.”

About the Company

Divestco is an exploration services company that provides a comprehensive and
integrated portfolio of data, software, and services to the oil and gas
industry. Through continued commitment to align and bundle products and
services to generate value for customers, Divestco is creating an unparalleled
set of integrated solutions and unique benefits for the marketplace.
Divestco’s breadth of data, software and services offers customers the ability
to access and analyze the information required to make business decisions and
to optimize their success in the upstream oil and gas industry. Divestco is
headquartered in Calgary, Alberta, Canada and trades on the TSX Venture
Exchange under the symbol “DVT”.

Additional information on the Company is available on its website at
Divestco.com and on SEDAR at sedar.com.

Neither 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.

This press release contains forward-looking information related to the
Company’s capital expenditures, projected growth, view and outlook with
respect to future oil and gas prices and market conditions, and demand for its
products and services. Statements that contain words such as “could’,
“should”, “can”, “anticipate”, “expect”, “believe”, “will”, “may” and similar
expressions and statements relating to matters that are not historical facts
constitute “forward-looking information” within the meaning applicable by
Canadian securities legislation. Although management of the Company believes
that the expectations reflected in such forward-looking information are
reasonable, there can be no assurance that such expectations will prove to
have been correct because, should one or more of the risks materialize, or
should the assumptions underlying forward-looking statements or
forward-looking information prove incorrect, actual results may vary
materially from those described in this press release as intended, planned,
anticipated, believed, estimated or expected. Readers should not place undue
reliance on forward-looking statements or forward-looking information. All of
the forward-looking statements and forward-looking information of the Company
contained in this press release are expressly qualified, in their entirety, by
this cautionary statement. Except where required by law, the Company does not
assume any obligation to update these forward-looking statements or
forward-looking information if conditions or opinions should change.

In particular, this press release contains forward-looking statements
pertaining to the following: Company’s ability to keep debt and liquidity at
acceptable levels, improve/maintain its working capital position and maintain
profitability in the current economy; availability of external and internal
funding for future operations; relative future competitive position of the
Company; nature and timing of growth; oil and natural gas production levels;
planned capital expenditure programs; supply and demand for oil and natural
gas; future demand for products/services; commodity prices; impact of Canadian
federal and provincial governmental regulation on the Company; expected levels
of operating costs, finance costs and other costs and expenses; future ability
to execute acquisitions and dispositions of assets or businesses; expectations
regarding the Company’s ability to raise capital and to add to seismic data
through new seismic shoots and acquisition of existing seismic data; treatment
under tax laws; and new accounting pronouncements.

These forward-looking statements are based upon assumptions including: future
prices for crude oil and natural gas; future interest rates and future
availability of debt and equity financing will be at levels and costs that
allow the Company to manage, operate and finance its business and develop its
software products and various oil and gas datasets including its seismic data
library, and meet its future obligations; the regulatory framework in respect
of royalties, taxes and environmental matters applicable to the Company and
its customers will not become so onerous on both the Company and its customers
as to preclude the Company and its customers from viably managing, operating
and financing its business and the development of its software and data; and
that the Company will continue to be able to identify, attract and employ
qualified staff and obtain the outside expertise as well as specialized and
other equipment it requires to manage, operate and finance its business and
develop its properties.

These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the Company’s control, including:
general economic, market and business conditions; volatility in market prices
for crude oil and natural gas; ability of Divestco’s clients to explore for,
develop and produce oil and gas; availability of financing and capital;
fluctuations in interest rates; demand for the Company’s product and services;
weather and climate conditions; competitive actions by other companies;
availability of skilled labour; failure to obtain regulatory approvals in a
timely manner; adverse conditions in the debt and equity markets; and
government actions including changes in environment and other regulation.

– END RELEASE – 24/05/2017

For further information:

For more information please contact:
Divestco Inc.
(www.divestco.com)
Mr. Stephen Popadynetz
CEO and President
Tel 587-952-8152

Mr. Danny Chiarastella
CFO
Tel 587-952-8027

COMPANY:
FOR: DIVESTCO INC.
TSX VENTURE Symbol: DVT

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170524CC013

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: DIVERGENT ENERGY SERVICES CORP.TSX VENTURE SYMBOL: DVGDate issue: May 24, 2017Time in: 6:09 PM eAttention:
CALGARY, ALBERTA–(Marketwired – May 24, 2017) –
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
DIVERGENT Energy Services Corp. (TSX…

FOR: RAISE PRODUCTION INC.
TSX VENTURE SYMBOL: RPC

Date issue: May 24, 2017
Time in: 5:48 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – May 24, 2017) – Raise Production Inc. (TSX
VENTURE:RPC) (“Raise” or the “Company”) has released its financial results for
three months ended March 31, 2017.

PRESIDENT’S UPDATE

The Company is pleased to provide shareholders with an updated report on
current activities regarding its Horizontal Wellbore Production System (the
“System”) and recent developments related to its patent pending High Angle Lift
Solution (“HALS”).

Horizontal Pumping System (the “System”)

The System has worked flawlessly over the last few months with the downhole
pumps and surface unit controls giving continuous operation with the only
required down time for routine maintenance of compressors. The Company has been
implementing various optimization scenarios to assess what expected production
increases may be seen from this older wellbore. To date, we are confident that
all production is being produced from the toe area and not from the depleted
heel area and will be accretive to heel production once the well is
reconfigured to allow full productivity. Based on this deployment and in
additional discussions with Canadian and U.S. operators we are confident that
the vast majority of horizontal wellbores are disadvantaged in terms of
productivity from the toe area compared to the heel sections.

High Angle Lift Solution (“HALS”)

The Company has deployed the last prototype test of its HALS for a major E & P
company and, as stated in the last press release dated April 26, 2017 regarding
previous installs, this new install has again produced outstanding results.
Since the last press release, the Company has initiated a sales program to
identify and engage the best candidates to bring this technology to the right
market in the shortest time frame possible. The Company is excited to offer a
number of options to industry operators that will eventually lead to the
horizontal multiple pumps as the ultimate recovery method for stranded reserves
in the toe area of wellbores.

Future Opportunities

The Company continues to receive positive feedback from some U.S. operators
with interest in pursuing development of the System and the HALS for use in
U.S. basins. The Company continues to be in discussions with a number of
companies and will update shareholders as these talks progress.

RESULTS OF OPERATIONS

Statements of Loss and Comprehensive Loss

/T/

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

Three Months ended
March 31
2017 2016
—————————————————————————-

Revenue $ 7,400 $ 55,650

Cost of sales 6,999 38,471
—————————————————————————-
Gross margin 401 17,179
—————————————————————————-

Interest Income 2,859 5,964
—————————————————————————-

Expenses:

General and administration 291,890 361,828
Depreciation and amortization 27,219 34,464
Stock-based compensation 12,947 28,443
Finance costs 3,021 4,983
—————————————————————————-
335,077 429,718

—————————————————————————-

Net loss and comprehensive loss $ (331,817) $ (406,575)
—————————————————————————-
—————————————————————————-

Net loss per share – basic and diluted $ (0.00) $ (0.00)
—————————————————————————-
—————————————————————————-

/T/

Raise’s full unaudited condensed interim financial statements and management’s
discussion and analysis will be filed shortly on the Company’s profile on the
SEDAR website.

About Raise Production Inc.

The Company is an innovative oilfield service company that focuses its efforts
on the production service sector, utilizing its proprietary products to enhance
and increase ultimate production in both conventional and unconventional
horizontal oil and gas wells.

Neither 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.

Certain information included in this news release constitutes forward-looking
statements under applicable securities legislation. Forward-looking statements
or information typically contain or can be identified by statements that
include words such as “anticipate”, “assume”, “based”, “believe”, “can”,
“continue”, “depend”, “estimate”, “expect”, “forecast”, “if”, “intend”, “may”,
“plan”, “project”, “propose”, “result”, “upon”, “will”, “within” or similar
words suggesting future outcomes or statements regarding an outlook. Such
forward-looking statements or information are based on a number of assumptions
that may prove to be incorrect. Assumptions have been made regarding, among
other things: the ability of the Company to obtain required capital to continue
to finance its product development, the successful completion of further
product development and testing within predicted timelines or at all, the
ability to commercialize products and operations, the ability to adequately
protect proprietary information and technology from its competitors; the
ability to obtain partnering opportunities; the ability to attract and retain
key personnel and key collaborators; and the ability to successfully compete in
targeted markets.

The forward-looking statements contained in this news release are made as of
the date hereof and the Company does not undertake any obligation to publicly
update or revise any of the included forward-looking statements, except as
required by applicable Canadian securities law. Forward-looking statements are
based upon the current opinions, estimates, projections, assumptions and
expectations of management of the Company as at the effective date of such
statements and, in some cases, information supplied by third parties. Although
the Company believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions and that information received
from third parties is reliable, it can give no assurance that those
expectations will prove to have been correct. By its nature, forward-looking
information involves numerous assumptions, known and unknown risks and
uncertainties, both general and specific, that contribute to the possibility
that the predictions, forecasts, projections and other forward-looking
statement will not occur. These risks and uncertainties include, but are not
limited to: the possibility that testing, deployment and commercialization of
the System and Rod Pumps may not be successfully completed for any reason
(including the failure to obtain the required approvals from regulatory
authorities) and regulatory changes. Accordingly, readers should not place
undue reliance upon the forward-looking statements contained in this news
release and such forward-looking statements should not be interpreted or
regarded as guarantees of future performance and actual results or developments
may differ materially from those projected in the forward-looking statements.
For more information on the Company, investors should review the Company’s
continuous disclosure filings that are available at www.sedar.com.

– END RELEASE – 24/05/2017

For further information:
Raise Production Inc.
Eric Laing
President and Chief Executive Officer
(403) 699-7675
elaing@raiseproduction.com
OR
Raise Production Inc.
Susan Scullion
Chief Financial Officer
(403) 699-7675
sscullion@raiseproduction.com
www.raiseproduction.com

COMPANY:
FOR: RAISE PRODUCTION INC.
TSX VENTURE SYMBOL: RPC

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170524CC0072

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: CANADIAN UTILITIES LIMITED
TSX SYMBOL: CU
TSX SYMBOL: CU.X

Date issue: May 24, 2017
Time in: 5:35 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – May 24, 2017) – Canadian Utilities Limited
(TSX:CU) (TSX:CU.X)

Canadian Utilities Limited announced today that after having taken into account
all election notices following the conversion deadline for the Cumulative
Redeemable Second Preferred Shares Series Y (“Series Y Preferred Shares”)
tendered for conversion into Cumulative Redeemable Second Preferred Shares
Series Z (“Series Z Preferred Shares”), the holders of Series Y Preferred
Shares are not entitled to convert their Series Y Preferred Shares into Series
Z Preferred Shares. There were approximately 508,379 Series Y Preferred Shares
tendered for conversion, which is less than the two million shares required to
give effect to conversions into Series Z Preferred Shares.

The Series Y Preferred Shares will continue to pay on a quarterly basis, for
the five-year period from and including June 1, 2017 to but excluding June 1,
2022, as and when declared by the Board of Directors of Canadian Utilities
Limited, a fixed dividend based on an annual dividend rate of 3.40%.

For more information on the terms of, and risks associated with an investment
in, the Series Y Preferred Shares, please see Canadian Utilities Limited’s
prospectus supplement dated September 15, 2011, which can be found under
Canadian Utilities Limited’s profile on SEDAR at www.sedar.com.

With approximately 5,400 employees and assets of $19 billion, Canadian
Utilities Limited is an ATCO company. ATCO is a diversified global corporation
delivering service excellence and innovative business solutions in Structures &
Logistics (workforce housing, innovative modular facilities, construction, site
support services, and logistics and operations management); Electricity
(electricity generation, transmission, and distribution); Pipelines & Liquids
(natural gas transmission, distribution and infrastructure development, energy
storage, and industrial water solutions); and Retail Energy (electricity and
natural gas retail sales). More information can be found at
www.canadianutilities.com.

Forward-Looking Information:

Certain statements contained in this news release may constitute
forward-looking information. Forward-looking information is often, but not
always, identified by the use of words such as “anticipate”, “plan”,
“estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar
expressions.

Forward-looking information involves known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking information.

The Company’s actual results could differ materially from those anticipated in
this forward-looking information as a result of regulatory decisions,
competitive factors in the industries in which the Company operates, prevailing
economic conditions, and other factors, many of which are beyond the control of
the Company.

The Company believes that the expectations reflected in the forward-looking
information are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forward-looking information
should not be unduly relied upon.

Any forward-looking information contained in this news release represents the
Company’s expectations as of the date hereof, and is subject to change after
such date. The Company disclaims any intention or obligation to update or
revise any forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable securities
legislation.

– END RELEASE – 24/05/2017

For further information:
Media & Investor Inquiries:
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer
403-292-7502

COMPANY:
FOR: CANADIAN UTILITIES LIMITED
TSX SYMBOL: CU
TSX SYMBOL: CU.X

INDUSTRY: Energy and Utilities – Utilities, Energy and Utilities –
Pipelines
RELEASE ID: 20170524CC0071

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: EPSILON ENERGY LTD.
TSX SYMBOL: EPS

Date issue: May 24, 2017
Time in: 4:11 PM e

Attention:

HOUSTON, TEXAS–(Marketwired – May 24, 2017) – Epsilon Energy Ltd. (“Epsilon”
or the “Company”) (TSX:EPS) is pleased to announce that all the nominees listed
in its Management Information Circular dated April 25, 2017 were elected as
directors of Epsilon, until the next annual meeting of shareholders. The
detailed results of the vote held Wednesday, May 24, 2017 are set out below.

Election of Directors

An amendment was passed to increase the number of directors from six to seven.
The appointment of Deloitte & Touche as auditors passed as well as the new
Share Compensation Plan. Each of the following seven nominees proposed by
management was elected as a director of Epsilon.

/T/

—————————————————————————-
Nominee % For % Withheld
—————————————————————————-

John Lovoi 97.5% 2.5%
Matthew Dougherty 99.3% 0.7%
Ryan Roebuck 100.0% 0.0%
Adrian Montgomery 100.0% 0.0%
Michael Raleigh 100.0% 0.0%
Jacob Roorda 100.0% 0.0%
Tracy Stephens 100.0% 0.0%
—————————————————————————-

/T/

About Epsilon

Epsilon Energy Ltd. is a North American onshore exploration and production
company with a current focus on the Marcellus Shale of Pennsylvania.

Special note for news distribution in the United States

The securities described in the news release have not been registered under the
United Stated Securities Act of 1933, as amended, (the “1933 Act”) or state
securities laws. Any holder of these securities, by purchasing such securities,
agrees for the benefit of Epsilon Energy Ltd. (the “Corporation”) that such
securities may not be offered, sold, or otherwise transferred only (A) to the
Corporation or its affiliates; (B) outside the United States in accordance with
applicable state laws and either (1) Rule 144(as) under the 1933 Act or (2)
Rule 144 under the 1933 Act, if applicable.

– END RELEASE – 24/05/2017

For further information:
Epsilon Energy Ltd.
Michael Raleigh
Chief Executive Officer
281-670-0002
Michael.Raleigh@EpsilonEnergyLTD.com

COMPANY:
FOR: EPSILON ENERGY LTD.
TSX SYMBOL: EPS

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170524CC0059

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: ALECTRA INC.

Date issue: May 24, 2017
Time in: 12:00 PM e

Attention:

“CS Week” organization recognizes utility’s excellence in CIS
implementation

VAUGHAN, ON –(Marketwired – May 24, 2017) – Alectra Utilities was recognized
Wednesday by CS Week for the best implementation of a customer information
system (CIS) by one of its legacy utilities.

Alectra Utilities, recently created following the merger of four Ontario
electricity distribution companies, was presented with the CS Week 2017
Expanding Excellence Award, which honors outstanding contributions and
innovation in utility customer service in four award categories, including
best CIS implementation for a large utility.

Alectra’s legacy utility, PowerStream, in May 2015 replaced its over
30-year-old customer information system with Oracle Customer Care and Billing
(CC&B) in an effort to better serve customers residing or operating a business
in York Region and Simcoe County.

The implementation of the CC&B system was a major project for Alectra’s legacy
utility, which involved integration with over 22 interfaces to support the
company’s business operations. The three year project was staffed with 42 full
time project employees in addition to the on-going support of the operational
organization.

Using lessons learned, Alectra has now begun the consolidation of its four
legacy CIS systems onto a common CC&B platform across its broader service
territory. A new dedicated project team has been established to achieve this
goal.

“The team demonstrated a proactive approach to project management in our
initial conversion to CC&B and it will be this strength that we expect will
contribute to our success going forward,” said Eileen Campbell, VP, Customer
Service for Alectra with project co-leads Linas Medelis, Director, Customer
Service Excellence and William Schmidt, VP, Information Technology. “We share
this honour with our vendors as well as our dedicated staff who remain
customer-focused in everything that they do.”

All North American utility companies including gas, electric, water,
wastewater, sanitation and retail electric/gas were eligible to participate in
the Expanding Excellence Awards program. Nominated projects were evaluated
based upon budget adherence, schedule adherence, operational efficiency after
go-live, innovation, and improved service levels.

About Alectra’s Family of Companies

Alectra’s family of energy companies distributes electricity to nearly one
million customers in Ontario’s Greater Golden Horseshoe Area and provides
innovative energy solutions to these and thousands more across Ontario. The
Alectra family of companies includes Alectra Inc. (Mississauga), Alectra
Utilities Corporation (Hamilton) and Alectra Energy Solutions (Vaughan).

Image Available: http://www.marketwire.com/library/MwGo/2017/5/24/11G139592/Images/alec05242-092587f136a594c5a12ff06054b7f0d0.jpg

– END RELEASE – 24/05/2017

For further information:

Media Contact
Eric Fagen
Email – media@alectra.com
Media Phone Line – 1-844-372-4400

COMPANY:
FOR: ALECTRA INC.

INDUSTRY: Energy and Utilities – Pipelines, Energy and Utilities – Utilities
RELEASE ID: 20170524CC006

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: EAST WEST PETROLEUM CORP.
TSX VENTURE SYMBOL: EW

Date issue: May 24, 2017
Time in: 9:00 AM e

Attention:

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 24, 2017) – East West Petroleum
Corp. (TSX VENTURE:EW) (“East West” or the “Company”) – Mr. Dylan Sidoo,
Director, is pleased to announce the successful drilling and flow testing of
the Cheal-E8 exploration well, which will now be tied-in to existing
infrastructure as a permanent producer. The Company has a 30% interest in this
well.

The Company’s joint venture partner and operator, TAG Oil Ltd. (“TAO”) drilled
Cheal-E8 on the Cheal East permit (PEP 54877) in the Taranaki Basin of New
Zealand. The well was drilled and completed on time and on budget to a total
measured depth of over 2,000 meters. The primary objective of Cheal-E8 was to
test the potential of the Urenui formation, with the deeper Mt. Messenger
formation as the secondary objective. Net pay of approximately 17 meters of
Urenui sands and 4 meters of Mt. Messenger sands was recorded.

Following the completion of the Urenui zone, Cheal-E8 naturally free flowed oil
and gas on choke at an average rate of 318 boe/d over a four and a half day
test. No water production was observed during the test.

The Mt. Messenger formation is also estimated to be commercial, and will be
completed in the future.

The Company’s next well will be Cheal-D1, which will also be drilled on the
Cheal East permit and is scheduled for drilling in July 2017. Construction of
the Cheal-D1 well pad is currently underway and is proceeding on schedule. The
Cheal-D1 pad is located near, and will be used to explore, the northern portion
of the Cheal E permit.

In Romania, completion and testing work is ongoing on the first well in the Ex7
Periam block. The Company will provide an update once the operator completes
the scheduled work.

David Sidoo, CEO, commented, “I am pleased with the results of the E8 well in
New Zealand and look forward to providing further updates on the work program
in Romania. The ongoing work augers well for building our resource base and
augmenting our cash flow.”

About East West Petroleum Corp.

East West Petroleum Corp. (www.eastwestpetroleum.ca) is a TSX Venture Exchange
listed company established in 2010 to invest in international oil & gas
opportunities. East West has built a diverse portfolio of attractive
exploration assets covering a gross area of over one million acres. The Company
has its primary focus on two key areas: New Zealand, where it has established
production and cash flow and is evaluating a low risk exploration play, and
Romania where it is fully carried on a seismic surveying and 12 well
exploration program. In New Zealand, East West holds an interest in three
exploration permits near to existing commercial production in the Taranaki
Basin, operated by TAG Oil Ltd. The Company also has interests in four
exploration concessions covering 1,000,000 acres in the prolific Pannonian
Basin of western Romania with Naftna Industrija Srbije (“NIS”).

Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the Company’s actual results,
level of activity, performance or achievements to be materially different from
those expressed or implied by such forward-looking information. Such factors
include, but are not limited to: the ability to raise sufficient capital to
fund exploration and development; the quantity of and future net revenues from
the Company’s reserves; oil and natural gas production levels; commodity
prices, foreign currency exchange rates and interest rates; capital expenditure
programs and other expenditures; supply and demand for oil and natural gas;
schedules and timing of certain projects and the Company’s strategy for growth;
competitive conditions; the Company’s future operating and financial results;
and treatment under governmental and other regulatory regimes and tax,
environmental and other laws.

Prospective Resources are those quantities of petroleum estimated, as of a
given date, to be potentially recoverable from undiscovered accumulations by
application of future development projects. Prospective resources have both an
associated chance of discovery and a chance of development. Prospective
Resources are further subdivided in accordance with the level of certainty
associated with recoverable estimates assuming their discovery and development
and may be subclassified based on project maturity. Best estimate resources are
considered to be the best estimate of the quantity that will actually be
recovered from the accumulation. If probabilistic methods are used, this term
is a measure of central tendency of the uncertainty distribution (most
likely/mode, P50/median, or arithmetic average/mean). As estimates, there is no
certainty that any portion of the resources will be discovered. If discovered,
there is no certainty that it will be commercially viable to produce any
portion of the resources that the estimated reserves or resources will be
recovered or produced.

BOEs may be misleading, particularly if used in isolation. A BOE conversion
ratio of 6 mcf: 1bbl is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.

This list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and readers
should not place undue reliance on such forward-looking information. The
Company disclaims any intention or obligation to update or revise
forward-looking information, whether as a result of new information, future
events or otherwise.

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 – 24/05/2017

For further information:
East West Petroleum Corp.
Max Sali
Corporate Development
+1 604 682 1558
+1 604 683 1585 (FAX)
info@eastwestpetroleum.ca

COMPANY:
FOR: EAST WEST PETROLEUM CORP.
TSX VENTURE SYMBOL: EW

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170524CC0025

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: POINT LOMA RESOURCES LTDTSX VENTURE Symbol: PLXDate issue: May 24, 2017Time in: 8:00 AM eAttention:
CALGARY, AB –(Marketwired – May 24, 2017) – Point Loma Resources Ltd. (TSX
VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to annou…

FOR: BEWHERE HOLDINGS INC.TSX VENTURE SYMBOL: BEWOTCQB SYMBOL: BEWFFDate issue: May 24, 2017Time in: 7:30 AM eAttention:
TORONTO, ONTARIO–(Marketwired – May 24, 2017) – BeWhere Holdings Inc. (TSX
VENTURE:BEW)(OTCQB:BEWFF) (“BeWhere” or the “Company”)…

FOR: MANITOK ENERGY INC.
TSX VENTURE SYMBOL: MEI

Date issue: May 24, 2017
Time in: 7:30 AM e

Attention:

CALGARY, ALBERTA–(Marketwired – May 24, 2017) –

THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED
STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF
UNITED STATES SECURITIES LAW.

Manitok Energy Inc. (the “Corporation” or “Manitok”) (TSX VENTURE:MEI) is
pleased to announce amended terms of its Lease Issuance and Drilling Commitment
Agreement (the “Agreement”) with an Alberta based royalty company (the
“Company”). Summary of the key terms of the revised Agreement are as follows:

In the amended Agreement, Manitok has agreed to:

/T/

— the early surrender of approximately 148,000 acres of undeveloped leased

lands located mostly in the northern end of the Entice block in
Manitok’s Beiseker and Strathmore areas and the payment of cash
consideration of approximately $1,998,520, with $350,000 having been
paid immediately on the execution of Agreement and the remainder to be
paid by Manitok following the completion of its previously announced
plan of arrangement with Craft Oil Ltd. which is anticipated to be
closed on or about June 6, 2017 (the “Arrangement”);
— assign its existing gross overriding royalty (“GORR”) on Section 28-41-
07 W5M at Willesden Green, Alberta, grant a 4% GORR on its working
interests on developed and undeveloped lands at Willesden Green, Alberta
and grant a 4% GORR on its working interest on undeveloped lands at
Stolberg, Alberta, and related tax pools; and
— convey its proprietary interest in various 2D and 3D seismic data sets
and related tax pools while obtaining a concurrent 15 year seismic data
licence to such 2D and 3D seismic data.

/T/

In the amended Agreement, the Company has agreed to:

/T/

— adjust the remaining drilling and completion expenditure commitment from

$56.0 million to $24.0 million, with $8 million required by December 31,
2017 and the remainder by August 31, 2018;
— conditional upon closing of the Arrangement, extend the primary term on
1,554 hectares (3,885 acres) of undeveloped land at Wayne, Alberta that
were previously due to expire on June 15, 2017; the renewed primary term
will extend these leases for an additional three (3) years; and
— adjust the Agreement terms to provide Manitok with the option to extend
the primary term associated with all undeveloped leased lands within the
Agreement (expiring on April 30, 2018) for an additional thirty-two (32)
months to December 31, 2020 at $600/hectare with no capital commitment
in the future, versus the previous $400/hectare plus future capital
commitment.

/T/

The land under the Agreement held by Manitok has become its core area of
operation. The Corporation has taken the production in the Entice area from
zero to a peak of approximately 3,200 boe/d in December 2016, during the early
development phase of its operations. Currently Manitok has identified a
development drilling inventory of approximately 56 Lithic Glauconitic oil
horizontal locations and approximately 46 Basal Quartz oil horizontal locations
on the Carseland and Wayne area lands continued to be held under the Agreement
in this area. The amended terms of the Agreement will enable the Corporation to
continue to develop this prolific core area in a financially stable manner.

About Manitok

Manitok is a public oil and gas exploration and development company focused on
Lithic Glauconitic light oil in southeast Alberta and Cardium light oil in west
central Alberta. The Corporation utilizes its expertise, combined with the
latest recovery techniques, to develop the remaining oil and liquids-rich
natural gas pools in its core areas of the Western Canadian Sedimentary Basin.

For further information on Manitok view Manitok’s website at
www.manitokenergy.com.

Barrels of Oil Equivalent

The term barrels of oil equivalent (“boe”) may be misleading, particularly if
used in isolation. Per boe amounts have been calculated using a conversion
ratio of six thousand cubic feet (6 mcf) of natural gas to one barrel (1 bbl)
of crude oil. The boe conversion ratio of 6 mcf to 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. 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 on a 6:1 basis may be misleading as an indication of value.

Forward-looking Information Cautionary Statement

This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the timing and completion of the
Arrangement, management estimated development drilling inventory and the
potential outcome of the amended terms of the Agreement to Manitok’s future
operations.

The forward-looking statements in this press release are based on certain key
expectations and assumptions made by Manitok, including expectations and
assumptions concerning the prevailing market conditions, the intentions of its
lenders, commodity prices, and the availability of capital.

Although Manitok believe 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 Manitok 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 adverse market
conditions, the inability of Manitok to complete the Arrangement at all or on
the terms announced, not obtaining the required court, shareholder and
regulatory approvals for the Arrangement, a lender not approving the amendment
to a credit facility and the risks associated with the oil and gas industry in
general (e.g., operational risks in development, exploration and production;
delays or changes in plans with respect to exploration or development projects
or capital expenditures; the uncertainty of reserves estimates; the uncertainty
of estimates and projections relating to production, costs and expenses; and
health, safety and environmental risks), uncertainty as to the availability of
labour and services, commodity price and exchange rate fluctuations, unexpected
adverse weather conditions, general business, economic, competitive, political
and social uncertainties, capital market conditions and market prices for
securities and changes to existing laws and regulations. More information about
certain of these risks are set out in the documents filed from time to time
with the Canadian securities regulatory authorities, available on Manitok’s
SEDAR profiles at www.sedar.com.

Forward-looking statements are based on estimates and opinions of management of
Manitok at the time the statements are presented. Manitok may, as considered
necessary in the circumstances, update or revise such forward-looking
statements, whether as a result of new information, future events or otherwise,
but Manitok undertake no obligation to update or revise any forward-looking
statements, except as required by applicable securities laws.

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 – 24/05/2017

For further information:
Manitok Energy Inc.
Massimo M. Geremia
President & Chief Executive Officer
403-984-1751
mass@manitok.com
www.manitokenergy.com

COMPANY:
FOR: MANITOK ENERGY INC.
TSX VENTURE SYMBOL: MEI

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170524CC0014

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.