Tidewater Midstream and Infrastructure Ltd. Announces First Quarter 2017 Dividend and Corporate Update

FOR: TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD.
TSX VENTURE Symbol: TWM

Date issue: March 21, 2017
Time in: 9:00 PM e

Attention:

CALGARY, AB --(Marketwired - March 21, 2017) -

THIS RELEASE IS INTENDED FOR DISTRIBUTION OUTSIDE THE UNITED STATES ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION WITHIN THE UNITED STATES

Tidewater Midstream and Infrastructure Ltd. (TSX VENTURE: TWM) (the "Corporation") is pleased to announce that its Board has declared a dividend for the first quarter 2017 of $0.01 per common share payable on or about April 28, 2017 to shareholders of record on March 31, 2017. The ex-dividend date is March 29, 2017. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada).

The Corporation is also pleased to report that it has been designated as a Tier 1 Issuer by the TSX Venture Exchange. All of the remaining securities held by principals which were held in escrow pursuant to the Initial Public Offering are now eligible for release.

The Corporation's Business
Tidewater is a public company listed on the TSX-V that was incorporated under
the Alberta Business Corporations Act on February 4, 2015 to pursue the
purchase, sale and transportation of natural gas and natural gas liquids
("NGLs") throughout North America and export to overseas markets. Tidewater is
also engaged in the acquisition of oil and gas infrastructure, including gas
plants, pipelines, NGLs by rail, export terminals and storage facilities.
Tidewater continues to investigate opportunities with North American producers
and mid-streamers for the acquisition and operation of such infrastructure
projects.

U.S. Securities Laws
This press release does 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 prior
to registration or qualification under the securities laws of such
jurisdiction. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended, or any state securities
laws and may not be offered or sold within the United States unless an
exemption from such registration is available.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.

TSX Venture Exchange
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 - 21/03/2017

For further information:

Contact Information
Tidewater Midstream and Infrastructure Ltd.
Joel A. MacLeod
Chairman, President and Chief Executive Officer
587-475-0210

COMPANY:
FOR: TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD.
TSX VENTURE Symbol: TWM

INDUSTRY: Energy and Utilities - Oil and Gas
RELEASE ID: 20170321CC019

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