Arsenal Energy Inc. Announces Results of Shareholders Meeting

CALGARY, ALBERTA--(Marketwired - June 18, 2015) - Arsenal Energy Inc. ("Arsenal" or the "Corporation") (TSX:AEI)(OTCQX:AEYIF) held its Annual and Special Meeting of Shareholders on June 18, 2015, (the "Meeting") in Calgary.

AGM Voting Results

All resolutions presented for approval at the Meeting have been authorized and approved. A total of 7,076,220 common shares representing 39.54% of the total issued and outstanding common shares were represented in person or by proxy at the Meeting.

Each of the five director nominees proposed in the Arsenal Information Circular - Proxy Statement were elected as Directors.

Shareholders of the Corporation approved the re-appointment of KPMG LLP Chartered Accountants as Arsenal's auditors.

Shareholders also approved the Amended and Restated Shareholder Rights Plan dated June 18, 2015 which amended and restated the Shareholder Rights Plan dated June 12, 2012 between the Corporation and a trust company designated as rights agent.

The Meeting concluded with a presentation by Tony van Winkoop, President and Chief Executive Officer, on Arsenal's upcoming activities. This presentation can be found on the Arsenal's website at www.arsenalenergy.com.

For more details of the matters considered at the shareholders annual and special meeting, shareholders may access the Corporation's Management Information Circular dated May 9, 2015 posted on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com or on the Corporation's website at www.arsenalenergy.com.

ABOUT ARSENAL ENERGY INC.

Arsenal Energy Inc. is an oil and gas exploration, development and production company headquartered in Calgary, Alberta, Canada. Arsenal's production mix is approximately 77% crude oil and natural gas liquids and 23% natural gas. Arsenal operates in the US in North Dakota and in Canada in Alberta and British Columbia with activities focused at Stanley and Lindahl in North Dakota and at Princess in Alberta. Arsenal initiated a quarterly dividend program thereby providing investors with a combination of growth and a return on capital. Arsenal initiated a share dividend plan whereby shareholders can elect to have the dividend value paid in common shares of the Corporation.

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