Raise Production Inc. Announces New Director

CALGARY, Alberta, Aug. 27, 2018 (GLOBE NEWSWIRE) — Raise Production Inc. (TSX-V:RPC) (“Raise” or the “Company”) is pleased to announce the addition of Mr. Thomas Kehoe to its Board of Directors, subject to regulatory approval.

Mr. Kehoe is currently the Chairman of Abiwin Ventures Limited, a private investment company with interests in technology, healthcare and energy. Prior to Abiwin, he spent 25 years in Investment Banking, most recently as Director, Institutional Trading for GMP Securities, one of Canada’s leading independent financial services firms.

Mr. Kehoe has two decades of experience in the energy industry, working for firms including Citibank, UBS, Peters and Co, Credit Suisse and Scotiabank. He has been a member of Canada’s top ranked Energy Research team, the top block trader on the TSX and has been responsible for running a proprietary long/short hedge fund with assets in excess of $500 million.

Mr. Kehoe currently sits on the Board of the Thunder Bay Regional Health Research Institute and is Chair of the Commercialization Committee and also serves on the Board of XLV Diagnostics. Mr. Kehoe received his Bachelor of Commerce from the University of Toronto in 1991 and his Masters of Business Administration from York University in 1994. He was awarded his Chartered Financial Analyst designation in 1997. Tom currently resides in Toronto, Ontario.

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 oil and gas wells.

For further information please contact:

Eric Laing, President and Chief Executive Officer
E-mail: elaing@raiseproduction.com

Susan Scullion, Chief Financial Officer
E-mail: sscullion@raiseproduction.com

Raise Production Inc.
2620-58^th Avenue S.E.
Calgary, Alberta T2C 1G5
Tel: (403) 699-7675

Web site at: www.raiseproduction.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.