June 1, 2016

CALGARY, AB–(Marketwired – May 31, 2016) – Marquee Energy Ltd. (“Marquee” or the “Company”) (TSX VENTURE: MQL) is pleased to announce that it has completed the previously announced disposition of its non-core, shallow gas asset for total cash consideration of $5.57 million, net of initial closing adjustments (the “Transaction”). The asset includes approximately 500 gross / 396 net wells, average

CALGARY, ALBERTA–(Marketwired – May 31, 2016) – Bonterra Energy Corp. (TSX:BNE) (“Bonterra” or the “Company”) today announces that following a semi-annual review of its credit facilities and in light of current market conditions, its borrowing base has been adjusted by approximately 10% from $425 million to $380 million, comprised of a $330 million syndicated revolving credit facility, and a $50

CALGARY, AB–(Marketwired – May 31, 2016) – Kelt Exploration Ltd. (“Kelt” or the “Company”) (TSX: KEL) has completed its semi-annual borrowing base review with its syndicated group of lenders. The Company has agreed to certain amendments to its existing credit facility and the borrowing base has been re-determined at $185.0 million. All of the lenders, other than a single lender representing

CALGARY, ALBERTA–(Marketwired – May 31, 2016) – Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE MKT:GTE)(TSX:GTE), today announced the following (all dollar amounts are in United States dollar unless otherwise stated): Increase in Base 2016 Capital Budget Gran Tierra is increasing its base 2016 capital budget by $33 million to $43 million to a revised total of $140