Gibsons Declares Dividend

FOR: GIBSON ENERGY INC.
TSX SYMBOL: GEI

Date issue: May 08, 2017
Time in: 4:39 PM e

Attention:

CALGARY, ALBERTA--(Marketwired - May 8, 2017) -

All financial figures are in Canadian dollars

Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) announced today that its Board of Directors has approved a quarterly dividend of $0.33 per common share payable on July 17, 2017, to shareholders of record at the close of business on June 30, 2017. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibsons' dividends are subject to Canadian withholding tax.

About Gibsons

Gibsons is a Canadian-based midstream energy company with operations in most of the key hydrocarbon-rich basins in North America. For over 60 years, Gibsons has delivered integrated midstream solutions to customers in the oil and gas industry. With headquarters in Calgary, Alberta, the Company's North American operations include the storage, blending, processing, transportation, marketing and distribution of crude oil, natural gas liquids and refined products. The Company also provides oilfield waste and water management services.

Gibsons' shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information visit www.gibsons.com.

Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking
information and statements (collectively, "forward-looking statements")
including, but not limited to, statements concerning the Company's future
payment of dividends and the amount thereof and management's expectation with
respect to the Company's business and financial prospects and opportunities.
These statements relate to future events or the Company's future performance.
All statements other than statements of historical fact are forward-looking
statements. The use of any of the words "anticipate", "plan", "contemplate",
"continue", "estimate", "expect", "intend", "propose", "might", "may", "will",
"shall", "project", "should", "could", "would", "believe", "predict",
"forecast", "pursue", "potential" and "capable" and similar expressions are
intended to identify forward-looking statements. These statements involve 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 statements. No assurance can be given that these expectations
will prove to be correct and such forward-looking statements included in this
news release should not be unduly relied upon. These statements speak only as
of the date of this news release. In addition, this news release may contain
forward-looking statements and forward-looking information attributed to third
party industry sources. The Company does not undertake any obligations to
publicly update or revise any forward looking statements except as required by
securities law. Actual results could differ materially from those anticipated
in these forward-looking statements as a result of numerous risks and
uncertainties including, but not limited to, the risks and uncertainties
described in "Forward-Looking Statements" and "Risk Factors" included in the
Company's Annual Information Form dated March 7, 2017 as filed on SEDAR and
available on the Gibsons website at www.gibsons.com.

- END RELEASE - 08/05/2017

For further information:
Tammi Price
Vice President Finance & Corporate Affairs
(403) 206-4212
tprice@gibsons.com

COMPANY:
FOR: GIBSON ENERGY INC.
TSX SYMBOL: GEI

INDUSTRY: Energy and Utilities - Oil and Gas
RELEASE ID: 20170508CC0088

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