Resources and Energy Squatex Inc Answer on its Internet Site to Mr. Marc Durand Relative to an Article of Le Devoir Dated
November 14, 2017
BROSSARD, QUEBEC--(Marketwired - Nov. 22, 2017) - Resources & Energy Squatex Inc.
(CSE:SQX)(CSE:SQX.CN)(CNSX:SQX) has expressed publicly on its web site (www.squatex.com) its disagreement about an article recently published in Le
Devoir on November 14, 2017 (http://www.ledevoir.com/environnement/actualites-sur-l-environnement/512898/aurons-nous-droit-a-un-changement-dans-le-dossier-des-hydrocarbures).
Squatex has invested and explored since 2001 in the Lower St. Lawrence and made a first important oil and gas discovery in
conventional reservoirs in Silurian rocks with its team of Quebec experts. The management of Squatex who is
concerned that the good information reaches the public wants to reaffirm the existence of conventional hydrocarbons in
Quebec.
About Resources & Energy Squatex Inc.
Resources & Energy Squatex Inc. is a junior oil and gas exploration company established in 2001 and incorporated under the
Canada Business Corporations Act on April 12, 2002, with head office at 7055 Boul. Taschereau, Suite 500, Brossard, Quebec J4Z
1A7. The main activity of the company is, as operator, to carry out works and studies aiming at the evaluation and the full
development of the oil and gas potential of a territory of 656,093 hectares under exploration license in the Province
of Québec. Squatex holds 224,933 ha of exploration permits in the St. Lawrence Lowlands and 431,160 ha of permits in the
Lower St. Lawrence region (70% net interest).
Forward-Looking Statements
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or future
economic results of Squatex and involve known and unknown risks, uncertainties and other factors that could materially affect the
results, performance or achievements of the Company in relation to that expressed or implied by the statements of Squatex. Actual
events or results could be very different. Consequently, the decision to invest in the securities of Squatex should not be based
on such statements at any time. Squatex disclaims any intention and any obligation to update these forward-looking
statements.
SOURCE: Squatex Resource and Energy Inc