Concerned Shareholders of Epsilon Energy Ltd.

June 17, 2013 09:46 ET

Concerned Shareholders of Epsilon Energy Ltd. Requisition Meeting of Shareholders, Expressing Lack of Confidence in Current Board and Management Team

TORONTO, ONTARIO--(Marketwired - June 17, 2013) - JVL Advisors, LLC and Advisory Research, Inc. (together, the "Concerned Shareholders") today requisitioned a meeting of the shareholders of Epsilon Energy Ltd. (TSX - EPS) ("Epsilon" or the "Company") pursuant to section 142 of the Business Corporations Act (Alberta), to replace the existing board of directors with a new and expanded board comprised of six independent directors (the "Requisition"). Together, the Concerned Shareholders own or control more than 28% of Epsilon's outstanding shares. The Concerned Shareholders have made the Requisition due to their lack of confidence in the current board of directors and management team of the Company.

The Concerned Shareholders have requested that the requisitioned meeting occur by no later than Friday, August 2, 2013, which provides the current board of Epsilon with ample time to call and hold a meeting. The Concerned Shareholders believe that the requisitioned meeting is required in order to prevent further deterioration of shareholder value.

Detailed information on the independent director nominees of the Concerned Shareholders, and the purpose and history leading up to the Requisition, will be provided in a subsequent press release to all shareholders. Additionally, an information circular of the Concerned Shareholders will be filed on SEDAR prior to the requisitioned shareholders' meeting.

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