Canadian Natural Resources Limited Announces Pelican Lake and Other Asset Acquisition

FOR: CANADIAN NATURAL RESOURCES LIMITED
TSX SYMBOL: CNQ
NYSE SYMBOL: CNQ

Date issue: September 05, 2017
Time in: 6:00 AM e

Attention:

CALGARY, ALBERTA--(Marketwired - Sept. 5, 2017) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) ("Canadian Natural" or the "Company") announces that is has entered into an agreement to acquire assets in the Greater Pelican Lake region and other miscellaneous assets in northern Alberta with production of approximately 19,600 BOE/d, for gross cash consideration of $975 million.

The transaction is targeted to close on or before September 30, 2017, subject to normal closing conditions and approvals. For more information on this core area acquisition, please see the Company's website at www.cnrl.com.

Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.

- END RELEASE - 05/09/2017

For further information:
Canadian Natural Resources Limited
2100, 855 - 2nd Street S.W.
Calgary, Alberta, T2P 4J8 Canada
Phone: (403) 514-7777
Email: ir@cnrl.com
www.cnrl.com
OR
Steve W. Laut
President
OR
Corey B. Bieber
Chief Financial Officer and Senior Vice-President, Finance
OR
Mark A. Stainthorpe
Director, Treasury and Investor Relations

COMPANY:
FOR: CANADIAN NATURAL RESOURCES LIMITED
TSX SYMBOL: CNQ
NYSE SYMBOL: CNQ

INDUSTRY: Energy and Utilities - Oil and Gas
RELEASE ID: 20170905CC0006

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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.

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