Granite Oil Corp. Announces Monthly Dividend for May, 2016

CALGARY, ALBERTA--(Marketwired - May 16, 2016) - GRANITE OIL CORP. ("Granite") (TSX:GXO) (OTCQX:GXOCF) is pleased to announce that a dividend of $0.035 per common share will be paid in cash on June 15, 2016 to shareholders of record on May 31, 2016 with an ex-dividend date of May 27, 2016. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.