Exito Energy II Inc. Receives an Extension of Its Qualifying Transaction Deadline

CALGARY, ALBERTA--(Marketwired - Aug. 17, 2015) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Exito Energy II Inc. ("Exito" or the "Corporation") (TSX VENTURE:EXI.P) announces that the TSX Venture Exchange (the "TSXV") has granted the Corporation an extension to its original deadline to complete a qualifying transaction ("QT"). Exito now has until February 13, 2016 to complete a QT. The common shares of Exito (the "Shares") have been suspended from trading and will remain suspended until a QT is completed or the TSXV otherwise determines that the Shares may re-commence trading.

The TSX Venture has neither approved nor disapproved the contents of this press release.

This news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Other than as required by law, Exito will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed by Exito from time to time with the Canadian securities regulatory authorities.