QUÉBEC CITY, QUÉBEC--(Marketwired - June 28, 2016) - On June 27, 2016, Pétrolia (TSX
VENTURE:PEA) has learned with regret the resignation of Mr. Kjell Pedersen as the independent director of Anticosti
Hydrocarbons L.P. (HASEC). Mr. Pedersen had joined the board of HASEC at the beginning of the project in 2014. Over the past two
years, the wisdom, the international business perspective and extensive experience of Mr. Pedersen in the oil & gas sector have
enriched in a lasting manner the discussions of the Board of Directors.
Petrolia wishes to thank Mr. Pedersen for his dedication and commitment to the Anticosti project and wishes him the best of
luck in pursuing his professional and personal projects.
About Pétrolia
Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km² (4
million acres), which represents almost 23% of the Québec territory under lease. The closing of a partnership on Anticosti Island
has led to the creation of Anticosti Hydrocarbons L.P., a limited partnership in which Pétrolia holds a 21.7% interest.
In order to carry out the project's operations, Pétrolia Anticosti Inc., a subsidiary of Pétrolia, was designated project
operator. Pétrolia is a Québec company whose objective is to develop oil from here, by the people here, for here. Pétrolia has
92 420 195 shares issued and outstanding.
Disclaimer
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the
future economic performance of Pétrolia and carry known and unknown risks, uncertainties and other factors that may appreciably
affect their results, economic performance or accomplishments when considered in light of the content or implications or
statements made by Pétrolia. Actual events or results could be significantly different. Accordingly, investors should not
place undue reliance on forward-looking statements. Pétrolia disclaims any intention or obligation to update these
forward-looking statements.
Neither the 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 release.