Shoreline Energy Corp.
TSX : SEQ

Shoreline Energy Corp.

October 05, 2011 22:53 ET

Shoreline Energy Announces Dividend Reinvestment Program

CALGARY, ALBERTA--(Marketwire - Oct. 5, 2011) - Shoreline Energy Corp. (the "Company") (TSX:SEQ) is pleased to announce that it has adopted a Dividend Reinvestment Plan (the "Plan").

The Plan provides eligible shareholders with the opportunity to reinvest their quarterly cash dividends in new shares at a 5% discount to the Average Market Price (as defined in the Plan) on the applicable dividend payment date, which new shares will, at the participant's election be credited to the participant's account under the Plan.

Those shareholders who do not enroll in the Plan will still receive quarterly cash dividends as declared by the Company.

The dividend record date will continue to be the last business day of each quarter.

Registered shareholders who wish to enroll in the Plan must enroll using the internet or deliver a completed Enrollment Form to Computershare Trust Company of Canada, as Plan Agent, before 5:00 p.m. (Toronto time) on the 5th business day preceding the record date for the dividend. For enrollment using the internet, or to obtain a copy of the Enrollment Form, see the Plan Agent's website at www.computershare.com/investorcentrecanada. A copy of the Enrollment Form may also be available from the Company's website at www.shorelineenergy.ca.

Beneficial shareholders who wish to enroll in the Plan should contact the broker or other nominee through which their shares are held to provide appropriate instructions and to ensure any deadlines or other requirements that such broker or nominee may impose or be subject to are met. These instructions will be collected and aggregated within the brokerage system and ultimately communicated to the Plan Agent.

Shareholders who are resident in Canada may participate in the Plan. Unless otherwise announced by the Company, a shareholder who is a resident of the United States or is otherwise a "U.S. person" (as defined in the Plan) may not participate in the Plan.

Shareholders who are resident in any jurisdiction outside of Canada (other than the United States) may participate in the Plan only if their participation is permitted by the laws of the jurisdiction in which they reside and provided that the Company is satisfied, in its sole discretion, that such laws do not subject the Plan or any of the Company or the Plan Agent to additional legal or regulatory requirements.

Shareholders who are not residents of Canada will be reduced by the amount of any applicable nonresident withholding tax.

The Company reserves the right to limit the amount of new equity available under the Plan on any particular dividend payment date. No assurances can be made that new shares will be made available under the Plan on a quarterly basis, or at all. Accordingly, participation may be prorated in certain circumstances. If on any dividend payment date the Company determines not to issue any equity under the Plan, or the availability of new shares is prorated in accordance with the terms of the Plan, then participants will be entitled to receive from the Company the full amount of the regular dividend for each share in respect of which the dividend is payable but cannot be reinvested under the Plan in accordance with the applicable election.

No commissions, service charges or similar fees are payable in connection with the purchase of shares from treasury under either component of the Plan. All administrative costs of the Plan will be paid by the Company. Shareholders who wish to participate in the Plan indirectly through the brokers, investment dealers, financial institutions or other similar nominees through which their shares are held should consult such nominees to confirm whether commissions, service charges or similar fees are payable.

Participation in the Plan does not relieve shareholders of any liability for taxes that may be payable in respect of dividends that are reinvested in new shares under the Plan. Shareholders should consult their tax advisors concerning the tax implications of their participation in the Plan having regard to their particular circumstances.

A complete copy of the Plan, together with a related series of Questions and Answers, are available on the Company's website at www.shorelineenergy.ca or by contacting the Company's Chief Executive Officer directly at the number indicated below, or on the Plan Agent's website at www.computershare.com/investorcentrecanada. Shareholders should carefully read the complete text of the Plan before making any decisions regarding their participation in the Plan.

About Shoreline Energy Corp.

Shoreline Energy Corp., is an emerging junior oil and gas company based in Calgary, Alberta. Shoreline provides shareholders a combination of value growth through development of oil and gas reserves and production with a specific focus in the Peace River Arch of northwest Alberta. In addition to asset value growth through development of oil focused projects in the short to medium term, the Company pays investors a fixed quarterly cash dividend of $0.20 per share beginning September 30, 2011.

The Company is publicly traded on the TSX under the trading symbol "SEQ". Further information is available on SEDAR at www.sedar.com.

The TSX has neither approved nor disapproved of the information contained herein.

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