FORENT ENERGY LTD. V.FEN

POG news. oh yee of little faith

[Phonse47]

FOR IMMEDIATE RELEASE Perisson Increases Maximum Financing Proceeds CALGARY, ALBERTA (December 7, 2016) Perisson Petroleum Corporation (Perisson or the Company) (TSXV:POG) is pleased to announce that it is approaching closing of its previously announced private placement in the amount of CDN$10 million in secured convertible debentures and has increased the maximum amount of the financing from CDN$10 million to CDN$50 million (collectively, the Financing). The proposed Financing will consist of convertible debentures (Debentures) maturing on the date that is two years following the Closing Date (the Maturity Date). Each Debenture will have a principal face value of $50,000 and entitles the holder to interest at a rate of 8% per annum, with such interest payment accruing from the Closing Date and being paid on the Maturity Date of the Debenture. The outstanding principal and accrued but unpaid interest of each Debenture is convertible by the holder into common shares of Perisson at a conversion price of $0.50 per share until the Maturity Date. The Debentures are entitled to be secured, at the request of the holder, as a first mortgage charge against any assets to be acquired with the proceeds of the Financing. A commission may be paid to eligible finders. The Financing remains subject to regulatory and TSX Venture Exchange approval. About Perisson Petroleum Corporation Perisson Petroleum Corporation trades on the TSX-V under the symbol "POG". The Corporation has ownership in certain oil and gas producing properties in the Twining area of Alberta, Canada. The Company also holds a 100% working interest in the VMM-17 block, a license located in the prolific, stable, oil-producing region of the Middle Magdalena Basin in central Colombia. FOR FURTHER INFORMATION, PLEASE CONTACT: Chien-Yeh (Gary) Chen Chairman of the Board and CEO [e-mail] OR Wayne Rousch President Direct Line: [phone] [e-mail]