Octant Energy Corp. Announces Resignation of Director

CALGARY, ALBERTA--(Marketwired - June 2, 2016) - Octant Energy Corp. (TSX VENTURE:OEL) (the "Corporation" or "Octant") announces that J. Christopher McLean has resigned from the Board of Directors of the Octant effective June 1, 2016.

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This news release contains certain statements that constitute forward-looking statements under applicable securities legislation including estimates as to the future opportunities for Octant. All statements other than statements of historical fact are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", or the negative of these terms or other comparable terminology. These statements are only as of the date of this document and Octant does not undertake to publicly update these forward-looking statements except in accordance with applicable securities laws. Forward-looking statement are based on current expectations, estimates, projections and assumptions, which Octant believes are reasonable but which may prove to be incorrect and therefore such forward-looking statements should not be unduly relied upon. These forward-looking statements involve known and unknown risks and uncertainties which may cause actual results or performance to be materially different from any future results or performance expressed or implied herein.

Actual timelines may vary from those anticipated in this news release and such variations may be material. Octant undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law.