Kelt Announces Board Appointment
CALGARY, AB --(Marketwired - December 14, 2017) - The Board of
Directors (the "Board") of Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX: KEL) is pleased
to announce that it has appointed Geri Greenall as a director of the Company effective December 14, 2017. Ms. Greenall is
currently Executive Vice President, Portfolio Manager and Chief Operating Officer of Kyklopes Capital Management Ltd. She has
over 14 years of experience either as a Portfolio Manager or Research Analyst in the oil and gas industry. Ms. Greenall is
expected to be appointed as a member of the Audit Committee and the Nominating Committee of the Board.
Kelt is also pleased to announce that it expects to make a further addition to its Board following the
expected retirement of Eldon A. McIntyre, as a director, on or about April 18, 2018. Mr. McIntyre has served as a director of the
Company since its inception and is a member of the Audit, Reserves, Compensation and Nominating Committees of the Board. Kelt
would like to thank Mr. McIntyre for his leadership and service over the years and wishes him the best during his upcoming
expected retirement from the Board.
At the Company's next Annual General Meeting of Shareholders, expected to be held on or around April 18, 2018,
Kelt plans to nominate Michael R. Shea for election to the Board. Mr. Shea began his career in the oil and gas industry in 1980,
has held various senior executive positions and was Vice President, Land for Celtic Exploration Ltd. ("Celtic") for 10 years
prior to the sale of Celtic in February 2013. Mr. Shea is expected to become a member of the Company's Reserves Committee and
Compensation Committee.
ADVISORY REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements and forward-looking information within the meaning of
applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing",
"may", "will", "project", "should", "believe", "plans", "intends", "potentially" and similar expressions are intended to identify
forward-looking information or statements. In particular, this press release contains forward-looking statements pertaining to
the following: the expected retirement Eldon A. McIntyre as a director, the date of Kelt's April 18, 2018 Annual General Meeting
of Shareholders, the planned nomination and anticipated election of Michael R. Shea as a director of the Company and the expected
Board committee appointments for Kelt's new directors.
Although Kelt believes that the expectations and assumptions on which the forward-looking statements are based
are reasonable, undue reliance should not be placed on the forward-looking statements because Kelt cannot give any assurance that
they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number
of factors and risks.
In addition, the reader is cautioned that historical results are not necessarily indicative of future
performance. The forward-looking statements contained herein are made as of the date hereof and the Company does not intend, and
does not assume any obligation, to update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise unless expressly required by applicable securities laws.