Eagle Energy Inc EGRGF

News Release

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Dissidents Continue to Mislead Eagle Shareholders Calgary, Alberta – June 16, 2017 (TSX: EGL): Eagle Energy Inc. (“Eagle”) warns that the dissidents continue to mislead shareholders. It is disappointing that the dissidents feel it is necessary to use such tactics to garner support from Eagle shareholders. They distort information to draw attention away from their flawed plan to take over Eagle. This is not the type of leadership Eagle shareholders should accept. Contrary to what the dissidents imply in their June 15 press release, Institutional Shareholder Services Inc. (ISS) does not support the dissidents. ISS agrees with Eagle – the dissidents’ plan provides no new detailed long-term strategic initiatives. In its report, ISS stated, “Shareholders are advised to use the management [yellow] proxy card due to the risk that casting votes on the dissident card could result in dissidents’ nominees receiving control of the board, which potential outcome does not appear to represent a favourable riskbenefit balance from the company’s long-term perspective.” (emphasis added) Eagle’s incumbent Board enjoys strong support from Eagle’s shareholders, contrary to what the dissidents may want shareholders to believe. Eagle’s current board is better suited to lead the company forward and merits your continued support. VOTE FOR EAGLE’S BOARD Vote for Eagle’s Board using ONLY Eagle’s YELLOW Proxy or Voting Instruction Form. Discard the dissidents’ (blue) proxy or voting instruction form. (Voting on the dissidents' proxy or voting instruction form, even if it is against their nominees, will cancel your previous vote using Eagle’s YELLOW Proxy or Voting Instruction Form.) If you have already voted using the dissidents’ proxy or voting instruction form, you can change your vote by simply voting using the YELLOW Proxy or Voting Instruction Form. It is the later-dated proxy or voting instruction form that will be counted. For more information, Eagle Shareholders are encouraged to review in detail Eagle’s letter to Shareholders and the Management Information Circular on its website at www.EagleEnergy.com or under Eagle’s profile at www.sedar.com.