LAS VEGAS, NV–(Marketwired – Jun 17, 2016) – Methes Energies International Ltd. (OTC PINK: MEIL), announced today that it has closed on the sale of its biodiesel facility, including the two Denami 3000™, located in Sombra, Ontario, for $4.5M USD to BIOX Corporation (“BIOX”). Over the next few months Methes, acting as consultant, will assist BIOX in restarting the facility. The sale provides Methes with the working capital required to move forward with its other lines of business.

Due to, among other things, market conditions, the Sombra facility had been idle for the last 18 months. For the Company, this transaction greatly reduces monthly expenses, allows the mortgage on the Sombra facility to be paid in full (approx. $1M USD) and leaves the Company in a comfortable cash position with minimal fixed monthly expenses.

Moving forward the Company will focus on the sale of its Denami™ processors and its technology portfolio including its innovative PP-MEC™ pre-treatment system as well as the production of natural polyols. The Company is currently working with several potential clients that have shown strong interest in its biodiesel processors and the PP-MEC™ pre-treatment system.

The Company would also like to provide an update about the project in Havelock, Ontario with Drain Bros. Commissioning of the Denami 600™ and the PP-MEC™ pre-treatment system should start in a few weeks and as soon as Drain Bros completes their final phase of upgrades to their facility. One final payment is due from Drain Bros in the amount of $25,000 Canadian Dollars (CDN$) and payable 12 months after commissioning of their facility.

Michel G. Laporte, CEO of Methes said, “I want to thank and congratulate Alan and his team at BIOX. We have a great relationship and I’m confident that they will do well in Sombra. Moving forward, we’ll be focusing more on our technology portfolio and the production of natural polyols. We have been quiet over the last several months but busy and that will soon show with some exciting project announcements.”

About Methes Energies International Ltd.
Methes Energies International Ltd. is a renewable energy company that offers a variety of products and services to biodiesel and ethanol fuel producers. Methes owns a unique technology portfolio which includes biodiesel processors (Denami 600™ and Denami 3000™) that are truly compact, fully automated state-of-the-art and continuous flow that can run on a wide variety of feedstocks as well as a complete innovative located pre-treatment solution (PP-MEC™ system) for biodiesel feedstocks including corn oil. Among its services are selling commodities to its network of biodiesel producers, selling their biodiesel production and providing clients with proprietary software to operate and control their processors. Methes also remotely monitors the quality and characteristics of its clients’ production, upgrades and repairs their processors and advises clients on adjusting their processes to use varying feedstock to improve the quality of their biodiesel. For more information, please visit www.methes.com.

About BIOX Corporation
BIOX is a renewable energy company that owns and operates a 67 million litre per year continuous flow biodiesel production facility in Hamilton, Ontario. BIOX has an innovative, proprietary and patented production process that is capable of producing the highest quality, renewable, clean burning and biodegradable biodiesel fuel utilizing a variety of feedstocks — from pure seed oils to animal fats to recovered vegetable oils with no change to the production process. BIOX’s high quality biodiesel fuel meets North American (ASTM D-6751) quality standards. BIOX is a public company and trades on the Toronto Stock Exchange (“TSX”) under the symbol “BX”. For more information, please visit www.bioxcorp.com.

Forward-looking Statements

This press release contains forward-looking statements regarding future events and financial performance. In some cases, you can identify these statements by words such as “may,” “might,” “will,” “should,” “except,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of these terms and other comparable terminology. These statements involve a number of risks and uncertainties and are based on numerous assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. There are or may be important factors that could cause our actual results to materially differ from our historical results or from any future results expressed or implied by such forward looking statements. These factors include, but are not limited to, those discussed under the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended November 30, 2014, filed on March 11, 2015, which is available at the U.S. Securities and Exchange Commission website at www.sec.gov. The forward-looking statements in this press release are based upon management’s reasonable belief as of the date hereof. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

NEW YORK, NY –(Marketwired – June 17, 2016) – Petro River Oil Corp (OTCBB: PTRC) (“Petro River” or the “Company”) announced today that drilling has been completed at the Woodburn Forest-1 well in Larne Basin, Northern Ireland.

The well was drilled to a depth of 2,000 meters and encountered two conventional, porous sandstone reservoir intervals, the Triassic Sherwood and the Permian Collyhurst. As previously disclosed, our original objective was to reach the Carboniferous source rock at this depth, however the Permian section thickened considerably and the Carboniferous was not reached. A majority of the well participants supported drilling deeper, however several of the other well participants declined, and the decision was made to plug and abandon the well. Although our joint venture partners decided not to drill to the Carboniferous, we are encouraged by findings of thermogenic gas in the Collyhurst section. The presence of thermogenic gas supports our original assessment of the existence of hydrocarbon source rock in the Carboniferous and a viable petroleum system.

The Company will now work with our partners to incorporate the data from the Woodburn Forest-1 well into our basinal interpretation and focus on our next phase of development. Jamie Rector, Petro River’s Chief Geological Advisor, stated, “The Woodburn Forest-1 well confirmed a primary objective of showing the presence of thermogenic gas. Structural complexity, the absence of well control and modern seismic did not allow us to optimize the well location. Our next steps include reprocessing the existing 2D seismic in the offshore block and acquiring new seismic.”

“We made an incremental step in the right direction,” said Petro River president Stephen Brunner. “While we were unable to drill the well to the original target of the Carboniferous, the discovery of thermogenic gas is promising. We are encouraged and are moving forward in our efforts to explore the Larne Basin.”

About: Petro River Oil Corp.

Petro River Oil Corp. (OTCBB: PTRC) is an independent energy company with its core holdings in Northeast Oklahoma, the Larne Basin in Northern Ireland, and Kern County, California. Petro River’s strategy is to apply modern technology, such as 3D Seismic analysis to exploit hydrocarbon-prone resources in historically prolific plays and underexplored prospective basins to build reserves and to create value for the Company and its shareholders. For more information, please visit our website at www.petroriveroil.com.

About: Horizon Energy Partners, LLC.

Horizon Energy is an oil and gas exploration and development company with a portfolio of domestic and international assets. The majority of the funding for Horizon Energy has come from seasoned oil and gas industry professionals, including several former senior oil industry executives who have run both major and large independent oil and gas companies, and have advised large energy focused private equity funds and hedge funds. Horizon Energy is managed by Jonathan Rudney; Mr. Rudney has over 30 years of senior executive experience in the upstream oil and gas industry, and, throughout his career, has been instrumental in the growth and success of several private E&P companies. Horizon Energy was formed to take advantage of the current depressed oil market and has identified and acquired a portfolio of highly attractive oil and gas assets. A common theme underlying each project is the application of modern technology, such as the use of 3-D seismic data.

Forward-Looking Statements.

This news release contains forward-looking and other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward looking statements. These forward looking statements, projections and statements are subject to change and could differ materially from final reported results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. Petro River assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, Petro River undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect to the matters discussed above. Readers should also carefully review the “Risk Factors” in Petro River’s annual report on Form 10-K, its quarterly report on Form 10-Q, and its other reports filed with the SEC under the Securities Exchange Act of 1934, as amended.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 17, 2016) –

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Ultra Lithium Inc. (TSX VENTURE:ULI)(FRANKFURT:QFB) (“Ultra Lithium” or “the Company”) is pleased to announce that it has started Phase 1 exploration work at its 100% owned Georgia Lake Lithium Project located in the Thunder Bay Mining District, Northwestern Ontario, Canada.

The exploration work will target eight, lithium bearing spodumene pegmatite occurrences described from the property in historical geological and exploration reports.

The Phase 1 exploration program will focus on the following tasks:

• Prospecting and grab sampling of historical drilling and sampling areas on eight lithium pegmatites on the Property;
• Stripping and systematic channel sampling of lithium pegmatites at suitable intervals;
• Laboratory testing of samples for lithium, cesium, tantalum, beryllium and other rare metals; and,
• Identify areas for initial drill testing as part of a second phase of exploration.

The field crew has been mobilized to start prospecting, mapping, and grab sampling work. The Company has also initiated permitting for ground stripping, trenching, and diamond drilling.

Dr. Weiguo Lang, CEO of Ultra Lithium, stated that, “While ULI’s first priority remains ongoing exploration at the South Big Smoky Valley brine lithium project, the Company’s management considers the assessment of the potential of Georgia Lake lithium property important to the Company’s growth strategy. Lithium occurrences known in the Georgia Lake property were explored during the mid-1950’s, a period marked by a boom in the lithium industry in North America. The Company is in the process of acquiring more powerful drilling equipment for the South Big Smoky Valley project to complete the first two drill holes. The management is focused on adding shareholder value in the current strong lithium market through systematic exploration of both hard rock and brine lithium projects.”

The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., a qualified person, as defined by NI 43-101 who works as a consultant with the Company.

ON BEHALF OF THE BOARD OF DIRECTORS,

Kiki Smith, CFO

About Ultra Lithium Inc.

Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium assets. The Company is currently focused on North American acquisitions and exploring its Big Smoky Valley Project located in Nevada, USA.

For further information, visit www.ultralithium.com or view the Company’s filings at www.SEDAR.com.

CALGARY, ALBERTA–(Marketwired – June 16, 2016) – GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to announce its updated budget and guidance for the remainder of 2016.

With low commodity prices through the first half of 2016, Granite’s primary focus was to create long-term value with the expansion of its Gas Injection – Enhanced Oil Recovery (‘EOR’) scheme in its 100%-owned Alberta Bakken oil pool. Throughout the first and second quarter, the Company implemented a major EOR expansion and optimization project. In the first quarter the Company reached a major milestone in its development by achieving a Voidage Replacement Ratio (“VRR”) of over 100% in the core of the oil pool, covering 23 sections and containing an internally estimated original oil in place of approximately 200 million barrels. Since ramping up voidage replacement, the Company is seeing a material improvement on the rate of production decline on a pool-wide basis from both historical wells drilled before 2015 and from its EOR-optimized wells drilled in 2015. A figure illustrating these results is included in Granite’s current corporate presentation which is available at www.graniteoil.ca. Granite has recently ramped up its production with increased 2016 drilling and continues to maintain a VRR of over 100%. Going forward, Granite will utilize built-in spare capacity from its recent facility expansion to match production growth with gas injection and maintain a minimum VRR of 100%.

In response to an improving oil price outlook for the second half of 2016, and having effectively stabilized its base production with its expanded EOR initiatives, Granite has begun to allocate capital to measured production growth and resource development while continuing to maintain its sustainable dividend.

Updated 2016 Budget and Guidance

Granite has now increased its 2016 capital budget to $17.0 million from $10.2 million. The updated capital budget includes approximately $10.0 million on development drilling and completions, approximately $5.0 million on facilities, injectors and land, and approximately $2.0 million on delineation and exploration projects on its highly prospective Alberta Bakken fairway. The increased budget is directed to: a return to measured production growth in the core of the Company’s Bakken oil pool; continued optimization and expansion of its EOR scheme with the conversion of three producing wells to injectors, bringing its injector count to a total of ten; setting up for future development of the Company’s West Bakken acreage through the drilling of an exploration well; and seeking regulatory approval for a pilot gas flood scheme.

Granite expects that its oil production volumes will average 3,200 bbl/d for the second half of 2016. Assuming average US$WTI prices of $50.00 per barrel, Granite forecasts second-half 2016 cash flow of $14.6 million, matching budgeted capital expenditures and dividends during the period, and year-end net debt of $24.9 million.

Second Quarter Update

Granite continues to make material gains in reducing its capital costs, with the cost of its two most recent wells, drilled late in the quarter in the core Bakken oil pool, averaging $1.2 million, including drilling, completion and tie-in costs. As a Company first, Granite drilled these wells back to back on the same pad realizing significant drilling and completion efficiencies and cost reductions. These costs represent a 30% reduction in all-in well costs from the $1.7 million at the start of the year.

Subsequent to bringing these two wells on production late in the quarter, Granite’s current oil production is approximately 3,200 bbl/d. Second quarter oil production is expected to average approximately 2,900 bbl/d. Total capital expenditures during the second quarter is estimated to be approximately $5 million, which included the drilling of three, 100% working interest oil wells plus approximately $1.0 million on one time facilities expansions and land.

Granite is excited about its outlook for the second half of 2016. The Company has navigated the low oil price cycle while maintaining its dividend and also significantly advancing its EOR project, reducing its costs and improving its balance sheet. In combination with improving oil prices the Company is well positioned for sustainable growth and further developing its large inventory of organic opportunities.

Reader Advisory

Forward-Looking Statements. Certain statements contained in this news release may constitute forward-looking statements. These statements relate to future events or Granite’s future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Granite believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon by investors. These statements speak only as of the date of this news release and are expressly qualified, in their entirety, by this cautionary statement.

In addition, and without limiting the generality of the foregoing, this news release contains forward-looking statements pertaining to the following: Granite’s plans for 2016, Granite’s future production levels and cash flow, total payout ratio, net debt, projections of market prices and costs, supply and demand for oil and natural gas, the quantity of reserves, the effectiveness of the EOR Project, capital expenditure programs, treatment under governmental regulatory and taxation regimes, expectations regarding Granite’s credit facility and its ability to raise capital and to continually add to reserves through acquisitions and development, and projections of market prices and costs.

With respect to forward-looking statements contained in this news release related to Granite’s business and operations, Granite has made assumptions regarding, among other things: prevailing commodity prices, exchange rates, estimates of cost, including drilling and operating costs, the sufficiency of budgeted capital expenditures in carrying out planned activities; the state of the economy and the exploration and production business; the legislative and regulatory environments of the jurisdictions where Granite carries on business or has operations, the impact of increasing competition, and Granite’s ability to obtain additional financing on satisfactory terms.

Granite’s actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors that may include, but are not limited to: volatility in the market prices for oil and natural gas; uncertainties associated with estimating reserves; uncertainties associated with Granite’s ability to obtain additional financing on satisfactory terms; geological, technical, drilling and processing problems; liabilities and risks, including environmental liabilities and risks, inherent in oil and natural gas operations; incorrect assessments of the value of acquisitions; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel.

This forward-looking information represents Granite’s views as of the date of this document and such information should not be relied upon as representing its views as of any date subsequent to the date of this document. Granite has attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. However, there may be other factors that cause results, performance or achievements not to be as expected or estimated and that could cause actual results, performance or achievements to differ materially from current expectations. There can be no assurance that forward-looking information will prove to be accurate, as results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. . Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements.

This news release contains future-oriented financial information and financial outlook information (collectively, “FOFI”) about Granite’s prospective results of operations, cash flows, debt, drilling costs and components thereof, all of which are subject to the same assumptions, risk factors, limitations and qualifications as set forth in the above paragraphs. FOFI contained in this news release was made as of the date of this news release and was provided for the purpose of providing further information about Granite’s anticipated future business operations. Granite disclaims any intention or obligation to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein.

Original Oil in Place (OOIP). OOIP is the equivalent to Discovered Petroleum Initially In Place (DPIIP) for the purposes of this news release. DPIIP is defined as quantity of hydrocarbons that are estimated to be in place within a known accumulation, plus those estimated quantities in accumulations yet to be discovered. There is no certainty that it will be commercially viable to produce any portion of the resources. A recovery project cannot be defined for this volume of DPIIP at this time, and as such it cannot be further sub-categorized. The OOIP estimates included in this news release have an effective date of January 1, 2016.

HALIFAX, NOVA SCOTIA–(Marketwired – June 16, 2016) – Corridor Resources Inc. (TSX:CDH) (“Corridor”) announced today an update to the reserves set forth in the “Statement of Reserves Data and Other Oil and Gas Information” in Corridor’s Annual Information Form for the year ended December 31, 2015 (the “Statement of Reserves”). The Statement of Reserves summarizes the reserves report of GLJ Petroleum Consultants Ltd. (“GLJ”) for Corridor’s properties in the McCully Field and the Caledonia Field in New Brunswick as at December 31, 2015 (the “Original Reserves Report”) and was prepared in accordance with the COGE Handbook and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (“NI 51-101″).

On May 27, 2016, the Government of New Brunswick announced its decision to continue a moratorium on hydraulic fracturing for an indefinite period (the “NB Decision”). In light of this announcement, Corridor engaged GLJ to assess the extent of the impact of the NB Decision on Corridor’s reserves as set forth in the Original Reserves Report. For clarity, all of the undrilled wells and several standing wells in the McCully area in the Original Reserves Report contemplated the use of hydraulic fracture stimulations, as such wells could not be made commercially productive otherwise.

Section 5.5 (i.e. Regulatory Considerations) of the COGE Handbook states that … “For proved reserves, regulatory approval must be virtually certain.” and “For probable reserves, approval must be highly likely“. As a result of the NB Decision, Corridor, in consultation with GLJ, no longer considers that the undeveloped wells requiring hydraulic fracture stimulations in New Brunswick meet the necessary conditions set out in NI 51-101 to qualify as reserves. GLJ has advised that such wells would, however, qualify as Contingent Resources in the Project Maturity subclass of “development on hold.”

On June 15, 2016, GLJ provided Corridor with an updated reserves report incorporating the impact of the NB Decision on Corridor’s reserves and the value of reserves as if the NB Decision had been announced prior to December 31, 2015 (the “Updated Reserves Report”). The Updated Reserves Report was prepared in accordance with the COGE Handbook and NI 51-101, and continues to be effective as of December 31, 2015, subject to amendments to reflect the impact on reserves resulting from the NB Decision. In accordance with Part 6 of NI 51-101, Corridor is providing an update to the Statement of Reserves, as set out in Schedule “A”.

The Updated Reserves Report demonstrates that the NB Decision has resulted in a material reduction in Corridor’s undeveloped reserves, future development capital and associated net present value of future revenue. Below is a table providing a reconciliation of the Updated Reserves Report to the Original Reserves Report, both of which are effective as of December 31, 2015. Please note that rounding errors may occur in the table set forth below.

The Updated Reserves Report shows a decrease of 23.1 bscf in proved reserves and 38.8 bscf in proved plus probable reserves. The net present value before income tax discounted at 10% for proved reserves decreases by $13.3 million and by $32.4 million for proved plus probable reserves.

Reserves Reconciliation – Updated Reserves Report to Original Reserves Report

Corridor expects the reduction in the net present value of its proved plus probable reserves calculated at a discount factor of 10% will lead to an impairment loss. The final calculation of such loss will be disclosed in Corridor’s second quarter financial statements, currently planned for release on August 11, 2016.

Corridor is an Eastern Canadian junior resource company engaged in the exploration for and development and production of petroleum and natural gas onshore in New Brunswick and Québec and offshore in the Gulf of St. Lawrence. Corridor currently has natural gas production and reserves in the McCully Field near Sussex, New Brunswick. In addition, Corridor has a 21.67% interest in Anticosti Hydrocarbons, a joint venture which has undiscovered resources on Anticosti Island, Québec.

Forward Looking Statements

This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “plan”, “continuous”, “estimate”, “expect”, “may”, “will”, “project”, “should”, or similar words suggesting future outcomes. In particular, this press release contains forward-looking statements relating to the impact of the NB Decision on Corridor’s reserves and Corridor’s plans, “Reserves” are forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions that the reserves described exist in the quantities predicted or estimated and can profitably be produced in the future. Information relating to the reserves of Corridor contains forward-looking statements relating to future net revenues, forecast capital expenditures, future development plans and costs related thereto, forecast operating costs, anticipated production and abandonment costs.

Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized. Actual results will differ, and the difference may be material and adverse to Corridor and its shareholders.

Forward-looking statements are based on Corridor’s current beliefs as well as assumptions made by, and information currently available to, Corridor including information concerning anticipated financial performance, business prospects, strategies, regulatory developments, future natural gas commodity prices, future natural gas production levels, the ability to obtain equipment in a timely manner to carry out development activities, the ability to market natural gas successfully to current and new customers, the impact of increasing competition, the ability to obtain financing on acceptable terms, and the ability to add production and reserves through development and exploration activities and the terms of agreements with third parties. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks that forward-looking statements will not be achieved. These factors may be found under the heading “Risk Factors” in Corridor’s Annual Information Form for the year ended December 31, 2015.

The forward-looking statements contained in this press release are made as of the date hereof and Corridor does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

Oil and Gas Disclosure

The following terms have the following meanings:

“boe” refers to barrels of oil equivalent. All calculations converting natural gas to crude oil equivalent have been made using a ratio of six mscf of natural gas to one barrel of crude oil equivalent. Boes may be misleading, particularly if used in isolation. A boe conversion ratio of six mscf of natural gas to one barrel of crude oil equivalent is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead;

“developed non-producing reserves” refers to those reserves that either have not been on production, or have previously been on production, but are shut-in, and the date of resumption of production is unknown;

“developed producing reserves” refers to those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut-in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty;

“developed reserves” refers to those reserves that are expected to be recovered from existing wells and installed facilities or, if facilities have not been installed, that would involve a low expenditure (for example, when compared to the cost of drilling a well) to put the reserves on production. The developed category may be subdivided into producing and non-producing;

“future net revenue” means a forecast of revenue, estimated using forecast prices and costs or constant prices and costs, arising from the anticipated development and production of resources, net of the associated royalties, operating costs, development costs and abandonment and reclamation costs;

“gross reserves” refers to Corridor’s working interest reserves before the deduction of royalties and before including any royalty interests;

“net reserves” refers to Corridor’s working interest reserves after royalty deductions plus royalty interest reserves;

“possible reserves” refers to those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved plus probable plus possible reserves;

“probable reserves” refers to those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves;

“prospective resources” refers to those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development;

“proved reserves” refers to those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves;

“reserves” refers to the estimated remaining quantities of oil and natural gas and related substances anticipated to be recoverable from known accumulations, as of a given date, based on: analysis of drilling, geological, geophysical and engineering data; the use of established technology; and specified economic conditions, which are generally accepted as being reasonable, and shall be disclosed. Reserves are classified according to the degree of certainty associated with the estimates; and

“undeveloped reserves” refers to those reserves expected to be recovered from known accumulations where a significant expenditure (for example, when compared to the cost of drilling a well) is required to render them capable of production. They must fully meet the requirements of the reserves classification (proved, probable, possible) to which they are assigned.

SCHEDULE “A”

UPDATE OF STATEMENT OF RESERVES BASED ON THE UPDATED RESERVES REPORT

The Updated Statement of Reserves set forth below is dated June 15, 2016 and is a summary of information contained in the Updated Reserves Report, which has an effective date of December 31, 2015 and a preparation date of June 15, 2016. The Updated Reserves Report was prepared by GLJ in accordance with the COGE Handbook and NI 51-101. The Updated Reserves Report updates certain information in the Original Reserves Report prepared by GLJ with an effective date of December 31, 2015 to reflect the impact of the NB Decision on Corridor’s reserves and the value of reserves as if the NB Decision had been announced prior to December 31, 2015. The reserves data summarizes the natural gas, oil and natural gas liquids reserves of Corridor and the net present values of future net revenue for these reserves using GLJ’s forecast prices and costs effective as at December 31, 2015. All of Corridor’s reserves are located in the McCully Field and the Caledonia Field in New Brunswick, Canada.

The following information should be read in conjunction with the Statement of Reserves Data and Other Oil and Gas Information” disclosed in Corridor’s 2015 Annual Information Form. Please note that rounding errors may occur in the tables set forth below.

Reserves Data

Future Development Costs

The following table outlines development costs deducted in the estimation of future net revenue calculated using forecast prices and costs, undiscounted, attributable to the reserve categories noted below.

Future development costs may be funded with a combination of cash flow, debt, equity and asset sales or joint venture partnerships.

CALGARY, AB–(Marketwired – June 16, 2016) – Husky Energy has commenced steam operations at the 4,500 barrels per day (bbls/day) Edam West Thermal in Saskatchewan, its third thermal project to be brought online this year.

The 10,000 bbls/day Edam East Thermal Project, which achieved first oil in April, is now producing above its design rate at approximately 11,000 bbls/day. At the 10,000 bbls/day Vawn development, first production has started approximately six weeks after steaming began.

“The addition of these three projects is yet another significant step in our continued transition towards higher quality production,” said CEO Asim Ghosh. “Thermal technology has turned our heavy oil business into a resilient growth engine, with some of the lowest operating costs in the industry at about $7 per barrel.

“And we have room to grow even further with another 18 thermal projects ready for advancement.”

Husky is leveraging its growing thermal expertise at the Tucker Thermal Project near Cold Lake, Alberta, where production is now approximately 22,000 bbls/day. Combined production from Lloyd thermals and Tucker is now 85,000 bbls/day and is expected to exceed 100,000 bbls/day in the second half of 2016.

By the end of this year, more than 40 per cent of Husky’s overall production is expected to come from low sustaining capital projects, including its thermal projects, compared to just eight per cent in 2010.

Husky’s thermal business is supported by its tightly integrated Downstream operations. The Lloyd Value Chain originates with the Company’s extensive resource in the Lloyd area and includes the Saskatchewan Gathering System, the Upgrader and Asphalt Refinery, and oil storage capacity at Hardisty.

Husky Energy is one of Canada’s largest integrated energy companies. It is headquartered in Calgary, Alberta, Canada and its common shares are publicly traded on the Toronto Stock Exchange under the symbol HSE. More information is available at www.huskyenergy.com

FORWARD-LOOKING STATEMENTS

Certain statements in this news release are forward-looking statements and information (collectively “forward-looking statements”), within the meaning of the applicable Canadian securities legislation, Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended.

The forward-looking statements contained in this news release are forward-looking and not historical facts. Some of the forward-looking statements may be identified by statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “will continue”, “is anticipated”, “is targeting”, “estimated”, “intend”, “plan”, “projection”, “could”, “aim”, “vision”, “goals”, “objective”, “target”, “schedules” and “outlook”). In particular, forward-looking statements in this news release include, but are not limited to, references to: the Company’s general strategic plans and growth strategies; forecast net peak daily production from the Company’s Edam West, Edam East and Vawn heavy oil thermal projects; anticipated combined daily production from the Company’s Lloyd thermals and Tucker in the second half of 2016; and anticipated proportion of total production from low sustaining capital cost projects by the end of 2016.

There are numerous uncertainties inherent in projecting future rates of production. The total amount or timing of actual future production may vary from production estimates.

Although the Company believes that the expectations reflected by the forward-looking statements presented in this news release are reasonable, the Company’s forward-looking statements have been based on assumptions and factors concerning future events that may prove to be inaccurate. Those assumptions and factors are based on information currently available to the Company about itself and the businesses in which it operates. Information used in developing forward-looking statements has been acquired from various sources including third party consultants, suppliers, regulators and other sources.

Because actual results or outcomes could differ materially from those expressed in any forward-looking statements, investors should not place undue reliance on any such forward-looking statements. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predicted outcomes will not occur. Some of these risks, uncertainties and other factors are similar to those faced by other oil and gas companies and some are unique to Husky.

The Company’s Annual Information Form for the year ended December 31, 2015 and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com and the EDGAR website www.sec.gov) describe risks, material assumptions and other factors that could influence actual results and are incorporated herein by reference.

Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable securities laws, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are dependent upon other factors, and the Company’s course of action would depend upon its assessment of the future considering all information then available.

Note to U.S. Readers

All currency is expressed in Canadian dollars unless otherwise indicated.

TORONTO, ONTARIO and NUCLA, COLORADO–(Marketwired – June 17, 2016) – Western Uranium Corporation (CSE:WUC)(OTCQX:WSTRF) (the “Company”) announces that Azarga Uranium Corp. (“Azarga Uranium”) (TSX:AZZ)(FRANKFURT:P8AA)(OTC PINK:PWURFP) has divested its equity interest in the Company.

Western Uranium Corporation wishes to thank Azarga Uranium for its support over the past two years.

About Western Uranium Corporation

Western Uranium Corporation is a Colorado based uranium company focused on the near-term production of uranium and vanadium in the western United States.

This news release may contain forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made.

Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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KELOWNA, BRITISH COLUMBIA–(Marketwired – June 15, 2016) – Fission 3.0 Corp. (TSX VENTURE:FUU) (“Fission 3“) announces that it has received written notice from Aldrin Resource Corp. that, effective immediately, Aldrin is exercising its right to terminate the Property Option agreement with Fission 3 for the Key Lake Property Package. Fission 3 management will now pursue alternate options for developing the claims in the Key Lake area.

About Fission 3.0 Corp.

Fission 3.0 Corp. is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol “FUU.”

ON BEHALF OF THE BOARD

Ross McElroy, COO

Fission 3.0 Corp.

Cautionary Statement: Fission 3.0 Corp.

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3.0 Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

KELOWNA, BRITISH COLUMBIA–(Marketwired – June 15, 2016) – FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) (“Fission” or “the Company“) is pleased to announce preparations have begun for a $13.3M summer program at its PLS property in Canada’s Athabasca Basin that will include a 52 hole, 15,200m drill program focused primarily on zone expansion and exploration targets. In addition, other activities, including geotechnical and metallurgical work will be carried out towards a Pre-Feasibility Study (“PFS”) for the Triple R deposit.

Program Highlights

• 36 holes focused on growing and connecting the new high-grade zones on 2.58km trend (that are not yet included in the Triple R deposit)
• 16 holes focused on key regional exploration targets
• 32 line-km Moving Loop Electromagnetic (“MLTDEM”) survey targeting Paterson Lake Corridor to identify further drill targets
• 138 line-km 2D Marine Seismic Survey aimed at identifying areas of stronger, wider mineralization and generating data necessary for geotechnical engineering
• Pre-Feasibility activity, including geotechnical borehole testing, hydrogeology monitoring wells and metallurgical studies

Ross McElroy, President, COO, and Chief Geologist for Fission, commented:

“This exciting summer program follows the tremendous success of our winter drilling, which opened up new areas of shallow, high-grade mineralization and delivered the largest mineralized trend in the Athabasca Basin region – a trend that is still wide open. This new program will focus on aggressive growth of our high-grade zones to the east and west of the 2.58km trend, together with a large number of key regional targets. We will also be testing between our mineralized zones to evaluate the potential of connecting them.”

• Growing and connecting the zones with 36 holes targeting the R840W, R780E and R1620E high-grade, shallow mineralized zones along the 2.58km mineralized trend, which remains open in multiple directions. A particular focus will be the new, high-grade R840W and R1620E zones discovered during the 2016 winter program and also testing the prospective 480m gap between the R600W and R00E zones, where PLS16-472 intersected mineralization on line 435W.
• Large Regional Focus with sixteen regional exploration holes in 10 core holes and 6 Reverse Circulation (“RC”) holes, will test a series of high-priority exploration targets on multiple basement Electromagnetic (“EM”) conductors within the Patterson Lake Conductive Corridor (“PLCC”) to the north, east and west of the 2.58km long PLG-3B mineralized trend, as well as EM conductors within the Forest Lake Conductive Corridor (“FLCC”).
• Ground Geophysics to help locate and prioritize new drill targets, featuring a 32 line-km Moving Loop Electromagnetic (“MLTDEM”) survey will be completed on the Patterson Lake Corridor, focusing primarily on the group of basement EM conductors north and west of the 2.58km mineralized trend.
• 2D Marine Seismic Survey: A 138 line-km 2D Marine Seismic survey will provide coverage of the Patterson Lake. The survey will image the unconformity (bedrock / overburden interface) and will provide important data for the Geotechnical Engineering component. In addition, this survey may help to image the major cross-faults suspected to exist along the mineralized trend. Cross-faults can be important in structurally hosted deposits in cases where they create dilatency within the structural fabric where the result may be wider and stronger mineralization. The marine seismic survey may prove to be the first geophysics survey on PLS to properly resolve these difficult to detect cross-faults.
• Activities toward PFS Study: A number of activities, including geotechnical drilling, metallurgical testing and environmental data collection, will be undertaken to support work towards a PFS. The geotechnical work will be conducted under the design and supervision of BGC Engineering Inc., who were the lead 3^rd party consultants for the geotechnical component of the 2015 PEA study. Metallurgical work will be conducted under the supervision of Melis Engineering Ltd. widely recognized as one of the premiere experts in this area. Canada North (CanNorth) Environmental Services designs and manages all aspects of baseline environmental programs for PLS. This summer, CanNorth will complete the hydrology, summer aquatic, and meteorological assessments to lengthen the hydrological and meteorological classification of the area and to provide information for further baseline programs.
  • Ring Dike Geotechnical Soil Borehole Testing: Four overburden boreholes will be drilled along the expected R00E perimeter wall area. This testing will aid in understanding of the overburden material properties and characteristics for future open-pit mine design. This survey involves specialized drilling and will include Triple Tube coring, packer testing of bedrock and piezometer installation.
  • Regional Hydrogeology Monitoring Wells: Eight regional hydrogeology monitoring wells will be drilled using RC drills already on-site. These holes are designed to provide long-term water flow analysis in areas that are contemplated for major infrastructure such as: overburden dump, proposed plant site, lake-shore south-west of proposed open-pit, and north-west and south-west corners of the proposed development areas.
  • Phase 2 Metallurgical Study: The 1^st Phase of metallurgical analysis that was completed for the 2015 PEA study, centered on the Triple R deposit ore mineralogy and tested grindability and leachability. Phase 2, to be conducted this summer, will focus on proving the performance and efficiency of the processing steps post leach, which involves: solid/liquid separation test work to size the CCD circuit, solvent extraction test work, impurity removal test work, yellowcake precipitation test work and effluent / tailings treatment. Sample material for Phase 2 work will come from 3 HQ diameter drill holes strategically located in the R780E zone.

PLS Mineralized Trend & Triple R Deposit Summary

Uranium mineralization at PLS occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling approximately 2.58km of east-west strike length in five separated mineralized “zones”. From west to east, these zones are: R840W, R600W, R00E, R780E and R1620E. Thus far only the R00E and R780E have been included in the Triple R deposit resource estimate.

The discovery hole of what is now referred to as the Triple R uranium deposit was announced on November 05, 2012 with drill hole PLS12-022, from what is considered part of the R00E zone. Through successful exploration programs completed to date, it has evolved into a large, near surface, basement hosted, structurally controlled high-grade uranium deposit.

The Triple R deposit consists of the R00E zone on the western side and the much larger R780E zone further on strike to the east. Within the deposit, the R00E and R780E zones have an overall combined strike length validated by a resource estimate of approximately 1.05km with the R00E measuring approximately 105m in strike length and the R780E zones measuring approximately 945m in strike length. A 225m gap separates the R00E zone to the west and the R780E zones to the east, though sporadic narrow, weakly mineralized intervals from drill holes within this gap suggest the potential for further significant mineralization in this area. The R780E zone is located beneath Patterson Lake which is approximately six metres deep in the area of the deposit. The entire Triple R deposit is covered by approximately 50m to 60m of overburden.

Mineralization remains open along strike both to the western and eastern extents. Mineralization is both located within and associated with a metasedimentary lithologic corridor, associated with the PL-3B basement Electro-Magnetic (EM) Conductor. Recent very positive drill results returning wide and strongly mineralized intersections from the R600W zone and the newly discovered R840W zone, located 480m and 765m respectively to the west along strike have significantly upgraded the prospectivity of these areas for further growth of the PLS resource on land to the west of the Triple R deposit. The recently discovered high-grade mineralization in the R1620E zone, located 300m to the east along strike has significantly upgraded the prospectivity for further growth of the PLS resource to the east of the Triple R deposit.

Updated maps can be found on the Company’s website at http://fissionuranium.com/project/pls/.

Patterson Lake South Property

The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, P.Geol., President and COO for Fission Uranium Corp., a qualified person.

About Fission Uranium Corp.

Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit – and is headquartered in Kelowna, British Columbia. Fission’s common shares are listed on the TSX Exchange under the symbol “FCU” and trade on the OTCQX marketplace in the U.S. under the symbol “FCUUF.”

ON BEHALF OF THE BOARD,

Ross McElroy, President and COO

Cautionary Statement:

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission and Fission Uranium which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company and Fission Uranium disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 15, 2016) – Aldrin Resource Corp (“Aldrin” or the “Company”); (TSX VENTURE:ALN)(FRANKFURT:OAA)(OTC PINK:AOUFF) is pleased to announce commencement of the 2016 field exploration program on the Triple M Property (“Triple M”) in the Patterson Lake area of the Athabasca Basin. Aldrin is beginning the 2016 Triple M exploration program with a deep penetrating electromagnetic (EM) and magnetic airborne geophysical survey, covering the projected extension of the highly mineralized structural trend that hosts Fission Uranium Corp’s high-grade Patterson Lake (Triple R) uranium deposit, 15 km to the northeast. The same structural trend also host’s Nexgen Energy Ltd’s another 5 kms further northeast.

Aldrin contracted Geotech to fly the geophysical survey using their helicopter-borne, deep-penetrating ZTEM system, which is already in the area conducting similar surveys for nearby uranium exploration groups. The primary goal of the survey is to identify potential deep-seated basement conductors that may be associated with uranium mineralization where the high-grade structure hosting both Fission Uranium and Nexgen’s Patterson Lake projects intersects the western claims block of Aldrin’s Triple M Property.

Aldrin’s primary focus remains completion of a follow-up drill program on the Anticline Target in the southeast claims block of the Triple M Property, located adjacent to Fission Uranium’s Patterson Lake (PLS) Property and its contained Triple R uranium deposit. Aldrin’s first drill hole into the high-priority Anticline Target demonstrated uranium mineralized at multiple levels. Drill hole ALN14-008 intersected uranium mineralization over significant intervals including (see details in a news release dated June 27, 2014):

1. 53.4 ppm U over 10.0 m between 178.0 and 188.0 m, including a higher value zone of 148.7 ppm U over 1.5 m between 182.5 and 184.0 m;
2. 273 ppm U over 0.5 m between 235.0 and 235.5 m;
3. 97.4 ppm U over 3.5 m between 243.0 and 246.5 m, including a higher value zone of 144.8 ppm U over 2.0 m between 243.5 and 245.5 m

Aldrin believes the initial drill results on the Anticline Target are consistent with being in the halo of a potential high-grade uranium discovery. To date, only the margin of the Anticline Target basement conductor has been drill tested. Aldrin remains focused on a summer/fall drill program to test the heart of the 2.5 km long conductor target.

Key Lake Property Package JV Option terminated

Aldrin has chosen to terminate the JV option agreement with Fission 3.0 Corp. on the Key Lake Property Package in the southeastern Athabasca Basin Region, in order to focus on our Triple M Property. Aldrin considers the Triple M Property our highest priority, due to its advanced and mineralized Anticline drill target, as well as its proximity to the new high-grade deposits at Patterson Lake. Aldrin thus has elected to focus its resources on the 2016 Triple M drill program to follow-up our initial success at the Anticline Target.

Harrison Cookenboo, Ph.D., P.Geo., is a Qualified Person (QP) by the standards of National Instrument 43-101. He has reviewed the technical data described above and approves the contents of this news release.

ON BEHALF OF THE BOARD

Rob Dardi, Chairman and Director

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.

CALGARY, ALBERTA–(Marketwired – June 14, 2016) – Perisson Petroleum Corporation (“Perisson” or the “Company”) (CSE:POG) is pleased to announce the closing of the third and final tranche of its previously announced debenture financing. Perisson has issued a further convertible secured debenture (the “Convertible Debenture“) in the aggregate principal amount of $100,000 to an arm’s length party, with outstanding principal and accrued but unpaid interest convertible by the holder into common shares of Perisson at a conversion price of $0.40 per share until June 8, 2017. The Convertible Debenture matures on June 8, 2017 (the “Maturity Date“) if not otherwise converted. The debentures are secured, as a first mortgage charge, against the oil and gas assets acquired by the Company in Alberta and disclosed in a press release on May 19, 2016. The debenture holders will receive a monthly interest payment equal to 1.5% of the principal amount of the debentures, with such interest payment accruing from the closing date until the maturity date of the convertible debentures. The convertible debenture holders also received a bonus from the Corporation equal to 10% of the principal amount which is payable by the Corporation on the Maturity Date. The Corporation received an aggregate of CAD $1,505,000 from the Convertible Debenture financing.

In addition, the Company has agreed to amend the terms of the USD $1 million unsecured debenture issued to an arm’s length holder on May 24, 2016, to make it convertible into common shares of the Company on the same terms as the secured debentures issued in May and June 2016. The outstanding principal and accrued but unpaid interest under the unsecured debenture are convertible by the holder into common shares of Perisson at a conversion price of $0.40 per share until May 24, 2017.

About Perisson Petroleum Corporation

Perisson Petroleum Corporation holds a 100% working interest in 39,927 hectares (almost 100,000 acres) known as the VMM-17 block, a license located in the prolific, stable, oil-producing region of the Middle Magdalena Basin in central Colombia. The Corporation’s objectives are to explore, exploit and produce oil from the relatively shallow reservoirs believed to be within the VMM-17 block. The Corporation also maintains a beneficial interest in certain oil and gas producing properties (approximately 200 boe/d) in the Twining area of Alberta, Canada.

FORWARD-LOOKING STATEMENTS

This news release includes certain information, with management’s assessment of Perisson’s future plans and operations, and contains forward-looking statements which may include some or all of the following: (i) anticipated production rates; (ii) expected results of capital programs; (iii) expected timelines for production optimization; (iv) net debt levels; (v) anticipated operating costs; and (vi) expected capital projects and associated spending; which are provided to allow investors to better understand the Company’s business. By their nature, forward-looking statements are subject to numerous risks and uncertainties; some of which are beyond Perisson’s control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, changes in environmental tax and royalty legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources, and other risks and uncertainties described under the heading ‘Risk Factors’ and elsewhere in the Company’s Management Discussion and Analysis and other documents filed with Canadian provincial securities authorities and are available to the public at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The principal assumptions Perisson has made includes security of land interests; drilling cost stability; finance and debt markets continuing to be receptive to financing the Company, the ability of the Company to monetize non-core assets and industry standard rates of geologic and operational success. Actual results could differ materially from those expressed in, or implied by, these forward-looking statements. Perisson disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For more information on the Company, Investors should review the Company’s registered filings which are available at www.sedar.com.

Barrel (“bbl”) of oil equivalent (“boe”) amounts may be misleading particularly if used in isolation. All boe conversions in this report are calculated using a conversion of six thousand cubic feet of natural gas to one equivalent barrel of oil (6 mcf=1 bbl) and is based on an energy conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 14, 2016) – Unity Energy Corp. (TSX VENTURE:UTY)(FRANKFURT:UJN2) “Unity” or the “Company” is pleased to announce that it has commenced drilling at its 100% owned Miller’s Crossing Lithium Project in the South Big Smoky Valley, Nevada. The Company intends on completing up to 18 holes, utilizing NQ rods (47.6mm core diameter) as well as AQ rods (27.0mm core diameter) for superior sample recovery and is expected to reach depths of up to 50m, depending on ground conditions. The purpose of the drilling will be to test subsurface layers for lithium and other commercial elements.

The Miller’s Playa Lithium Project fits well into the playa-type brine deposit model as it is located adjacent to, and shares geological similarities with the Clayton Valley, home to the only lithium producing brine operation in North America. A playa is an internally drained brine deposit, the surface of which is primarily composed of silts and clays in which lithium can accumulate from the surrounding source rocks during successive evaporation and concentration events. Evaluation of regional gravity data has led to the hypothesis that the Big Smoky Valley has been in-filled with an estimated 2000-2500m of alluvial fill and may have the potential to host a significant mineral deposit.

Regarding the commencement, CEO Ian Graham commented: “The board is very pleased to be finally drilling at Miller’s, especially given the anomalous lithium values obtained through the previously reported surface sampling program.”

Unity is also pleased to announce that it has reacquired its 100% interest in the Carter Lake Uranium Project (West Athabasca Basin) through the termination of an earn-in agreement with Aldever Resources Inc. The project covers ~1113 hectares on the Carter Lake Corridor, an exploration zone adjacent to the Patterson Lake Corridor, which hosts two of the most significant recent discoveries in the basin, some 21km to the southwest: Nexgen’s Arrow Prospect and Fission’s Patterson Lake South Deposit. The project also lies within ALX Uranium Corp.’s Hook-Carter Project. Depths to basement at Carter Lake are estimated at between 400-500m, directly comparable with the depth to mineralization at the McArthur River mine.

The principal exploration target at Carter Lake is ~4.7km of subsurface conductive anomalies, identified in a 2006 MegaTEM survey and a 2008 VTEM survey, both completed by ESO Uranium Corp. The anomalies are interpreted as a possible conductive horizon, at or adjacent to the sandstone-basement unconformity, and which may be indicative of localized hydrothermal enrichment in uranium.

About the acquisition, Dr. Peter Born commented, “Given the tremendous success of Nexgen, the board is very enthusiastic about our reacquisition of Carter Lake and is in the process of designing Phase 1 ground work for the 2016 season.”

The technical contents of this news release have been prepared under the supervision of Dr. Peter Born, P. Geo. Dr. Born is a Qualified Person, as that term is defined in National Instrument 43-101, and has approved this news release.

For more information, visit www.unityenergycorp.com.

On Behalf of the Company,

Anita Algie, President

Neither 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.

REDMOND, WA–(Marketwired – June 14, 2016) – Planetary Power, developer of the HyGen hybrid generator, announced today that it has secured US$3.43 million in Series A funding. Investors are a mix of previous investors and new angel investors. This funding round follows Planetary Power’s previous seed funding by well-known investors including Miguel Forbes, Ross Perot Jr., Peter Diamandis, Richard Garriott de Cayeux and Eric Anderson. The capital will be used to finalize development and release of the HyGen hybrid generator to the telecom market where it will provide energy for off-grid telecom towers.

“We are pleased to have the support and confidence of our investors as we conclude the development of HyGen and prepare for introduction into the telecom market,” Joe Landon, CEO of Planetary Power said. “Our vision to provide efficient, reliable and secure power to off-grid telecom towers is coming to fruition. This financing has allowed us to build the leadership, engineering and design teams to take the lead in the market for efficient off-grid energy.”

Last year, Planetary Power made a significant shift in market focus to serve off-grid telecom towers. There are over one million cell towers around the world that are not connected to a reliable power grid, and the vast majority of these essential communication nodes run on conventional diesel generators that are inefficient and costly. Planetary Power has developed its HyGen hybrid generator specifically for deployment at off-grid telecom towers around the world. HyGen reduces emissions and operating expenses for telecom companies and mobile network operators while providing a conduit for reliable communication to those in emerging markets who rely on their mobile phones as their sole connection to the rest of the world.

In preparation for the launch of HyGen, Planetary Power has added multiple engineering, design and manufacturing resources. HyGen has undergone successful field trials, and will begin shipping to off-grid telecom towers in Latin America in the third quarter of this year.

About Planetary Power

Efficient and Reliable Energy Anywhere
Planetary Power’s vision is to make efficient and reliable energy accessible anywhere on the planet. Distributed — or off-grid — energy is the best way to bring power and connectivity to the billions who live off-grid today. Planetary Power’s hybrid power generation technology, HyGen, combines advanced generator technology with integrated energy storage for the most fuel-efficient, off-grid power available. HyGen also reduces fuel consumption by leveraging every available energy source at the site.

Planetary Power’s goal is to replace the diesel generators currently powering over one million off-grid telecommunications sites around the world. The company is backed by world-class investors who share a vision for a connected world powered by distributed energy. Learn more at planetarypower.com.

VANCOUVER, BC–(Marketwired – June 13, 2016) – Zadar Ventures Ltd. (the “Company”) (TSX VENTURE: ZAD) (FRANKFURT: ZAV) (OTC PINK: ZADDF) is pleased to provide an update with respect to the Company’s significant Canadian uranium project portfolio. Zadar was founded on the strength of a suite of highly prospective advanced uranium exploration projects, and while the Company has recently added a set of exciting Nevada lithium projects, Zadar maintains a large holding of high quality uranium assets. Company management upholds a bullish long-term view on the uranium market and in particular believes that its Canadian uranium projects present shareholders with an exceptional opportunity for exposure to two specialty minerals; Uranium and Lithium.

Zadar’s Uranium Assets:

• Pasfield Lake Uranium Project — Athabasca Basin (32,415 hectares)
• West Carswell Uranium Project — Athabasca Basin (8,106 hectares)
• Riverlake Uranium Project — Athabasca Basin (5,559 hectares)
• Upper Poulton Uranium Project — Athabasca Basin (1,746.5 hectares)
• Whiskey Gap — Alberta (107,726.2 hectares)
• $12 million in exploration data and work compiled by Triex Minerals

Together, the Company holds over 42,800 hectares of highly prospective, advanced uranium exploration projects in the Athabasca Basin. The Athabasca Basin in Northern Saskatchewan is a well-known location for active uranium extraction, development and exploration; indeed all major uranium producers have a presence in the Basin.

The Pasfield Lake, West Carswell and Riverlake advanced Athabasca Basin exploration projects represent the uranium development package that was created and advanced by Triex Minerals Corporation (“Triex”) during the 2000’s, that culminated in more than $10 million in exploration expenditures, resulting in an impressive project dataset, to which Zadar now holds 100% interest. The value of the historical data compilation and exploration work conducted on these projects under the guidance of Dr. Michael Gunning. Ph.D, P.Geo., cannot be understated. Dr. Gunning has a proven track record of uranium discovery in the Athabasca Basin, and this suite of projects represents high priority, advanced exploration targets Dr. Gunning personally developed during his management of Triex Explorations. Zadar management has prioritized the Pasfield Lake Project as the most compelling of the Company’s holdings and will actively be seeking to advance the project this season.

Importantly, the majority of these mineral dispositions claims have had historical assessment work applied to them affording a zero cost to Zadar to maintain them in good standing. Zadar is utilizing this period of quiescence in the uranium market to continually review the large dataset that came with the project portfolio and has prioritized targets for exploration on the Athabasca Basin Projects.

About Pasfield Lake

The Pasfield Lake Uranium Project lies within the Pasfield Structure (a structure interpreted to be formed as the results of an astroblem impact; similar to the uranium mineralized Cluff Lake Structure) and importantly also lies next to the prolific Cable Bay shear zone (“CBSZ”). The project is extremely compelling as it represents a major basement uplift feature (the Pasfield Structure), with at least 600 metres of vertical displacement confirmed as well as to being located on a major regional shear zone, with strong surface geochemical anomalies and strongly altered and radioactive rocks discovered in drill core.

Uranium exploration to date has identified indications of the presence of uranium‐bearing hydrothermal fluids along the fault that forms the eastern arm of the CBSZ. Intital diamond drilling (and detailed geophysical surveys) within the Pasfield Lake project has identified anomalous uranium and confirmed uplifted basement lithologies (300-500 metres) within the Project area. Additional drilling is required to adequately test for uranium mineralization in the structurally complex area.

Historic exploration consisted of focused lake sediment sampling, detailed soil and biogeochemical sampling, repeated airborne electromagnetic and gravity surveys, and first phase diamond drilling. The soil and biogeochemical surveys defined a valid multi‐element anomaly with elevated uranium boron, lead, molybdenum, vanadium and arsenic, the five key pathfinder elements associated with alteration halos above unconformity‐type uranium deposits in the Athabasca Basin. Phase I diamond drilling returned alteration features well documented to be indicative of proximity to uranium mineralization and pervasive bleaching was present in all basement lithologies intersected at the unconformity. Moreover, intensely clay‐altered granitic gneiss, hematite‐filled breccia in basement granite gneiss, + 300 metres of graphitic garnet-mica-metapelitic gneiss, strongly graphitic fracture zones, and weak but extensive clay alteration of the sandstone was intersected during the drilling activities. Most striking, two discreet zones of elevated radioactivity and correspondingly anomalous uranium and boron were intersected; one immediate to the unconformity and the other 800 metres above the unconformity.

Zadar also announces it has set 200,000 incentive stock options at a price of $0.21cents for a period of two years.‎

The Company believes the balance of the quality uranium projects coupled with the lithium brine opportunity currently progressing in Nevada, affords a unique specialty minerals opportunity to the shareholders and allows the Company to explore and advance green energy and storage minerals as a one stop shop.

ON BEHALF OF THE BOARD OF DIRECTORS
Paul D. Gray, P. Geo., President

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company’s disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 13, 2016) – GoviEx Uranium Inc. (CSE:GXU) (“GoviEx”) and Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN) (“Denison”) are pleased to announce the completion of the transaction to combine their respective African uranium interests (the “Transaction”), previously announced on March 30, 2016.

Under the terms of the Transaction, GoviEx has acquired Denison’s wholly owned subsidiary, Rockgate Capital Corp., which holds all of Denison’s Africa-based uranium interests (collectively “DML Africa”), in exchange for 56,050,450 shares of GoviEx (the “Consideration Shares”) and 22,420,180 common share purchase warrants of GoviEx (the “Consideration Warrants”).

GoviEx’s new, combined asset portfolio now includes two permitted uranium development projects – the Madaouela Project in Niger and the Mutanga Project in Zambia. It also includes the Falea Project, an advanced exploration-stage project in Mali, and the exploration-stage Dome Project in Namibia. GoviEx now controls one of the largest uranium resource bases among publicly listed companies, with combined National Instrument 43-101 (“NI 43-101″) Measured & Indicated resources of 124.29 Mlbs U₃O₈, plus Inferred resources of 73.11 Mlbs U₃O₈.

Govind Friedland, Founder and Executive Chairman of GoviEx, commented: “The closing of this transaction with Denison signifies a new beginning for GoviEx. The company has greatly expanded its uranium resources, diversified geographically, and introduced a project pipeline to add leverage to the development of our flagship Madaouela Project in Niger. The uranium market also may be reaching a turning point, as we are seeing the classic signs of a commodity being at, or near, the bottom of the commodity cycle. In March, China unveiled its new, five-year plan to increase its nuclear power generation capacity from 27 gigawatts to 150 gigawatts by 2030. With more than US$700 billion in nuclear power generation investments currently planned, the long-term fundamentals for the uranium market remain incredibly strong.”

David Cates, President and Chief Executive Officer of Denison, commented: “Denison is very pleased to have closed this transaction and is looking forward to joining a group of shareholders at GoviEx, which includes other uranium and mining industry heavyweights. This transaction provides Denison shareholders with significant exposure to GoviEx’s Madaouela project, which is one of the world’s most advanced and arguably underappreciated uranium development assets. The closing of this transaction also marks the end of Denison’s transition from being a globally diversified company to one with a clear focus on advancing its Wheeler River project to become the next uranium producer in the Athabasca Basin region.”

Benefits to GoviEx shareholders

• Creation of a growth-focused African uranium company with a robust project development pipeline and increased jurisdictional diversification, with assets in Niger, Zambia, Mali and Namibia.
• Control of one of the largest combined uranium resource bases, estimated in accordance with NI 43-101, amongst its peer group with combined Measured resources of 28.59 Mlbs U₃O₈, Indicated resources of 95.70 Mlbs U₃O₈, and Inferred resources of 73.11 Mlbs U₃O₈.
• Considerable exploration potential to further increase mineral resources, with several drill-ready targets defined at each property.
• Mining permits approved or granted in Niger and Zambia, both recognized mining countries with good infrastructure and mining history.
• Significant metallurgical testwork and engineering studies already completed on its three principal development assets, providing GoviEx with an opportunity to continue with optimization work.
• Strong shareholder base, including Denison, Ivanhoe Industries, Toshiba Corporation and Cameco Corporation.

Benefits to Denison shareholders

• Indirect ownership in GoviEx’s Madaouela Project, one of the few permitted, near-term uranium development projects in the world.
• Continued exposure to DML Africa assets through an equity ownership position in GoviEx.
• Enhanced optionality to the uranium price through significant ownership of share purchase warrants in GoviEx.
• Renewed focus for Denison on its principal assets in the Athabasca Basin region of northern Saskatchewan, Canada.
• Right to nominate one director to the GoviEx board of directors and participate in future GoviEx equity financings in order to maintain pro-rata ownership.

Transaction details

Pursuant to the terms of the Agreement, GoviEx acquired DML Africa from Denison in exchange for 56,050,450 Consideration Shares and 22,420,180 Consideration Warrants. The Consideration Shares have an approximate value of C$5,045,000 based on the closing price of GoviEx’s common shares on June 10, 2016. Denison received the Consideration Shares and Consideration Warrants in reliance on the exemption in section 2.12 of National Instrument 45-106. Each such Consideration Warrant is convertible into one common share of GoviEx at a price of US$0.15 per share for a period of three (3) years. The Consideration Warrants include an acceleration clause which provides that in the event the closing price of GoviEx’s common shares is equal to or greater than C$0.24 per share for a period of 15 consecutive trading days, GoviEx may provide holders of the Consideration Warrants with written notice that holders have 30 days within which to exercise the Consideration Warrants on the original terms. Failing exercise on the original terms within 30 days of notice, the exercise price of the Consideration Warrants will be increased to US$0.18 per share and the term of the Consideration Warrants will be reduced by six months.

At the time of closing the Transaction, DML Africa was capitalized with a minimum working capital of US$700,000, which is equivalent to the forecasted annual budget for the operations of DML Africa.

For so long as Denison holds at least 5% of the issued and outstanding common shares of GoviEx, Denison will have the right to nominate one director to the GoviEx board of directors and will have the right to participate in future GoviEx equity financings in order to maintain its pro-rata ownership.

Raymond James Ltd. acted as GoviEx’s financial advisor, and Haywood Securities Inc. acted as Denison’s financial advisor.

Appointment of a new director to the GoviEx board

GoviEx is pleased to announce the appointment of David Cates, Denison’s nominee director, to the GoviEx board of directors.

Mr. Cates is the President and Chief Executive Officer of both Denison and Uranium Participation Corporation. He is a Chartered Professional Accountant (CPA, CA) and holds Master of Accounting (MAcc) and Honours Bachelor of Arts (BA) degrees from the University of Waterloo. Prior to his appointment as President and Chief Executive Officer of Denison, Mr. Cates served as Denison’s Vice President Finance, Tax and Chief Financial Officer. As Chief Financial Officer, Mr. Cates played a key role in the company’s mergers and acquisitions activities – leading Denison’s acquisition of Rockgate Capital Corp. and International Enexco Ltd. Prior to joining Denison in 2008, Mr. Cates worked for Kinross Gold Corp. and PwC LLP.

Closing of concurrent financing

As part of the Transaction, GoviEx undertook a concurrent equity financing by means of a non-brokered private placement (the “Placement”).

Under the Placement, GoviEx has issued 40,568,871 units (each a “Unit”) at a price of C$0.07 per Unit, for gross proceeds of approximately C$2,839,821.

Each Unit consists of one common share and one common share purchase warrant, which is exercisable for a period of three years for one common share of GoviEx at a price of US$0.12 per share until June 10, 2018 and thereafter at a price of US$0.14 per share.

All warrants issued under the Placement are subject to an acceleration clause under which GoviEx may accelerate the expiry date of the warrants if the closing price of its shares is equal to or greater than C$0.20 for a period of 15 consecutive trading days. GoviEx may issue a written notice (an “Acceleration Notice”) to the holder within 60 days of such occurrence, which Acceleration Notice shall advise the holder that the holder has 60 days following the date of the Acceleration Notice to exercise the Warrants on the original terms, failing which the warrants will expire unexercised. Subject to this acceleration clause not being exercised, the warrants issued in relation to the Placement will be exercisable until June 10, 2019.

All securities issued under the Placement are subject to a four-month hold period expiring October 11, 2016.

GoviEx directors and officers subscribed for an aggregate of 407,144 Units or approximately C$28,500 in the Placement. Denison insiders subscribed for an aggregate of 321,400 Units or approximately C$22,498 in the Placement. Denison provided the lead order for the Placement of 9,093,571 Units or approximately C$636,550, subscribing in reliance on the exemption in section 2.3 of National Instrument 45-106.

As at the close of the Transaction and Placement, Denison holds a total of 65,144,021 common shares of GoviEx or approximately 24.6% of GoviEx’s issued and outstanding common shares and a total of 31,513,751 common share purchase warrants or approximately 36.7 % of GoviEx’s issued and outstanding warrants. Denison did not hold any shares or warrants of GoviEx prior to the close of the Transaction and Placement. Denison is holding the securities for investment purposes and may from time to time acquire additional securities, dispose of all or some of the existing or additional securities, or may continue to hold the securities of GoviEx.

In aggregate, the Placement was subject to the following finders’ fees: (i) approximately C$52,177 in cash fees and (ii) finders’ warrants exercisable for up to 728,451 common shares of GoviEx, subject to the same terms and conditions as the warrants issued to subscribers as part of the Placement.

GoviEx intends to use the net proceeds from the Placement for general corporate purposes, as well as to fund the continued project optimization of the Madaouela Uranium Project in Niger.

Qualified persons

For GoviEx, the scientific and technical information disclosed in this release and the technical reports referenced herein have been reviewed and approved by Dr. Rob Bowell, a chartered chemist of the Royal Society of Chemistry, a chartered geologist of the Geological Society of London and Fellow of the Institute of Mining, Metallurgy and Materials, who is an independent Qualified Person under the terms of National Instrument 43-101 for uranium deposits.

About GoviEx Uranium

GoviEx is a mineral resource company focused on the exploration and development its African uranium properties. GoviEx’s principal objective is to become a significant uranium producer through the continued exploration and development of its Mine Permitted Madaouela Project in Niger and its Mine Permitted Mutanga Project in Zambia and Falea Project in Mali.

About Denison

Denison is a uranium development and exploration company focused in the infrastructure rich eastern portion of the Athabasca Basin region in northern Saskatchewan, Canada. Highlighted by its 60% owned Wheeler River development project, which hosts the high grade Gryphon and Phoenix uranium deposits, Denison’s project portfolio covers over 350,000 hectares and includes a 22.5% interest in the McClean Lake uranium mill, which is permitted for annual production of up to 24 million pounds U₃O₈ and is currently processing ore from the Cigar Lake mine under a toll milling agreement. Denison’s interests in the eastern Athabasca Basin also include a 61.55% interest in the J Zone deposit on the Waterbury Lake property, a 25.17% interest in the Midwest deposit, and a 22.5% interest in the McClean lake uranium deposits – all of which are located within 20 kilometres of the McClean Lake mill.

Denison is also engaged in mine decommissioning and environmental services through its Denison Environmental Services division and is the manager of Uranium Participation Corp., a publicly traded company which invests in uranium oxide and uranium hexafluoride.

Cautionary statement regarding forward looking statements

This press release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this press release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in both GoviEx’s and Denison’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

Forward-looking statements include, without limitation, statements regarding expected benefits of the Transaction, those with respect to the use of the proceeds raised under Placement and other statements that are not facts. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which GoviEx and Denison operate, are inherently subject to significant operational, economic and competitive uncertainties and contingencies.

Assumptions upon which forward looking statements relating to the transaction have been made include that the uranium market may be reaching a turning point and that the long-term fundamentals of the uranium market remain incredibly strong In addition, the factors described or referred to in the section entitled “Financial Risks and Management Objectives” in the MD&A of GoviEx and “Risk Factors” in Denison’s Annual Information Form dated March 24, 2016, which are available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this news release.

Although GoviEx and Denison have attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the Transaction could be modified, restricted or not completed, and the results or events predicted in these forward looking statements may differ materially from actual results or events. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx and Denison disclaim any intention or obligation to update or revise such information, except as required by applicable law, and neither GoviEx nor Denison assume any liability for disclosure relating to the other company herein.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources: This press release may use the terms “measured”, “indicated” and “inferred” mineral resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.