2017.05.15

Pétrolia to Complete a Business Combination with Pieridae Energy Limited that will Create Canada’s First Publicly Traded, Integrated LNG Company

Québec, May 15, 2017: Pétrolia Inc. PEA-TSVX (“Pétrolia” or the “Company”) announces that it has entered into a definitive agreement dated May 15, 2017 (the "Arrangement Agreement") with Pieridae Energy Limited ("Pieridae"), a private Canadian corporation, providing for a business combination by way of plan of arrangement (the “Arrangement”) in accordance with Section 192 of the Canada Business Corporations Act (the "CBCA"), pursuant to which Pétrolia and Pieridae will amalgamate to form a new entity to be named "Pieridae Energy Limited" ("Amalco"). The completion of the Arrangement will result in a reverse takeover of the Company as defined in the policies of the TSX Venture Exchange (the “Exchange”). Completion of the Arrangement is subject to, among other things, the approval of the Exchange and shareholder approval from Pétrolia and Pieridae shareholders.

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2017.05.15

Pétrolia to Complete a Business Combination with Pieridae Energy Limited that will Create Canada’s First Publicly Traded, Integrated LNG Company

Québec, May 15, 2017: Pétrolia Inc. PEA-TSVX (“Pétrolia” or the “Company”) announces that it has entered into a definitive agreement dated May 15, 2017 (the "Arrangement Agreement") with Pieridae Energy Limited ("Pieridae"), a private Canadian corporation, providing for a business combination by way of plan of arrangement (the “Arrangement”) in accordance with Section 192 of the Canada Business Corporations Act (the "CBCA"), pursuant to which Pétrolia and Pieridae will amalgamate to form a new entity to be named "Pieridae Energy Limited" ("Amalco"). The completion of the Arrangement will result in a reverse takeover of the Company as defined in the policies of the TSX Venture Exchange (the “Exchange”). Completion of the Arrangement is subject to, among other things, the approval of the Exchange and shareholder approval from Pétrolia and Pieridae shareholders.

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2017.04.05

Pétrolia’s comment on the Anticosti negotiation

Québec, April 5, 2017: Pétrolia inc. (PEA-TSXV) confirms that, in response to a request for clarification from Hydrocarbures Anticosti (HASEC) concerning the status of the Anticosti project in light of the request that the island be recognized as a UNESCO world heritage site, the Gouvernement du Québec has begun negotiations with the company and its partners in HASEC with the goal of ending oil and gas exploration on Anticosti Island. 

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2017.03.17

Pétrolia Inc. closes a private placement in the amount of $940,000

Québec, March 17, 2017: Pétrolia Inc. (PEA-TSXV) (“Pétrolia” or the “Corporation”) is pleased to announce that it has closed a private placement. The Corporation has issued an aggregate of 5,222,223 “flow-through” shares at a price of $0.18 per share for gross proceeds of $940,000.14. 

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