Petrolia Inc.

Petrolia Inc.

May 28, 2015 16:01 ET

Petrolia Announces the Results from its 2015 Annual and Special Meeting of Shareholders

QUEBEC CITY, QUEBEC--(Marketwired - May 28, 2015) - Pétrolia (TSX VENTURE:PEA) announces that at its Annual General and Special Meeting held on May 28, 2015, shareholders elected Mr. Alexandre Gagnon, Mr. Jacques Bourgeois, Mr. David McCallum, Mr. Albert Wildgen, Mr. Martin Bélanger, Mr. Myron Tétreault and Mr. Charles Boulanger as directors.

All other items on the agenda were also approved, including the ratification of the Company's 10% rolling stock option plan. The Company's shareholders also approved the appointment of Ernst & Young LLP as the auditors of the Company.

Pétrolia granted 75,000 stock options to a director of the Corporation at an exercise price of $0.55 per share expiring May 27, 2020.

About Pétrolia

Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km² (4 million acres), which represents almost 23% of the Québec territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Anticosti Hydrocarbons L.P., a limited partnership in which Pétrolia holds a 21.7% interest. In order to carry out the project's operations, Pétrolia Anticosti Inc., a subsidiary of Pétrolia, was designated project operator. Pétrolia is a Quebec company whose objective is to develop oil from here, by the people here, for here. Pétrolia has 80 345 195 shares issued and outstanding.

Forward-looking statements

Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Pétrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Pétrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Pétrolia does not intend and undertakes no obligation to update these forward-looking statements.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information