Anticosti Hydrocarbons L.P.

Anticosti Hydrocarbons L.P.

June 17, 2014 11:07 ET

Anticosti Hydrocarbons L.P.: Stratigraphic Surveys Equipment Arrives on Anticosti

QUEBEC CITY, QUEBEC--(Marketwired - June 17, 2014) - (TSX VENTURE:PEA)(TSX:CDH)(EPA:MAU): Anticosti Hydrocarbons L.P. announces the kickoff of the Anticosti project with the shipment starting this week of the necessary equipment for the summer stratigraphic surveys program.

Anticosti Hydrocarbons L.P. will begin by preparing 15 to 18 sites where stratigraphic surveys will occur, starting in July and continuing until the end of the year. The first phase of the program will contribute to the Strategic Environmental Assessment (SEA) and help prepare for the second phase, planned for summer 2015. The results of these stratigraphic surveys will allow a better understanding and a geological characterization of the Macasty Formation, and will also help determine the best drilling sites for the three oil wells anticipated in the second phase.

Anticosti Hydrocarbons L.P. will work along with regulatory authorities to ensure its operations are conducted safely and with respect for the community by employing the highest industry standards. This work is being planned with the intent of maximizing the economic benefits for the Anticosti Island community.

About Anticosti Hydrocarbons L.P.

Anticosti Hydrocarbons L.P. is a partnership consisting of Ressources Québec Inc. (35%), Investissements PEA Inc. (a subsidiary of Pétrolia Inc.) (21.67%), St-Aubin E&P (Québec) Inc. (21.67%), and Corridor Resources Inc. (21.67%). The company holds 38 permits for hydrocarbon exploration totaling 6,195 km² on Anticosti Island. The primary objective of this partnership will be to demonstrate the commercial viability of hydrocarbon resources on Anticosti Island. The board of directors of Anticosti Hydrocarbons L.P. consists of one representative from each of the partners and one independent director (to be named). The company has formed four committees made up of an equal number of representatives from each of the partners. The purpose of these committees is to help ensure the success of the project on the technical, economic, environmental, and social levels. The combined expertise of the organizations that comprise Anticosti Hydrocarbons L.P. will allow it to implement the exploration program, employing the highest industry standards, in full safety and with respect for the environment.

Forward-looking statements

Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Anticosti Hydrocarbons L.P. and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Anticosti Hydrocarbons L.P.. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Anticosti Hydrocarbons L.P. does not intend and undertakes no obligation to update these forward-looking statements.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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