Pathway 2010 GORR Limited Partnership

April 13, 2015 19:07 ET

CORRECTION FROM SOURCE: Pathway 2010 GORR Limited Partnership Provides Update on Atikwa Resources

TORONTO, ONTARIO--(Marketwired - April 13, 2015) - A correction from source is being issued with respect to the release issued for Pathway Oil & Gas 2010 GORR Limited Partnership at 4:45 PM ET on April 13. The release should have been issued for Pathway 2010 GORR Limited Partnership. The complete and corrected release follows.

Atikwa Resources Inc., the oil and gas company which is the other party to the Partnership's farm-out agreement, was placed into receivership in 2013. During the intervening period the receiver has been attempting to sell the Atikwa oil and gas assets. The General Partner was recently notified that the receiver has found a purchaser for the assets of Atikwa and will wind up the receivership.

In order to complete the asset sale the receiver obtained a court order to have all the security interests, including the GORR interests, discharged as part of the sale process. The proceeds of the asset sales, less the costs of the receivership, are being held in trust pending negotiations or a court-ordered division of the proceeds between the Partnership and the other security holders.

The General Partner has retained counsel to assist it with protecting the Partnership's interest in the assets.

Information on the Partnership can be obtained under the Partnership's profile available on SEDAR at www.sedar.com.

Forward-Looking Information:

This press release contains forward-looking information and statements relating, but not limited to, anticipated or prospective financial performance and results of operations of the Partnership. Any statements that are contained herein that are not statements of historical fact may be deemed to be forward-looking information. Without limiting the foregoing, the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "projects", and similar expressions are intended to identify forward-looking information.

The General Partner believes the forward-looking information herein is reasonable, however, readers are cautioned not to place undue reliance on such forward-looking information. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons including, but not limited to, market and general economic conditions, interest rates, regulatory and statutory developments, the effects of competition in the geographic and business areas in which the Partnership may invest and the risks detailed in the prospectus of the Partnership. We caution that the foregoing list of factors is not exhaustive.

The forward-looking information is given as of the date of this press release, and the General Partner undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.

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