Stetson Appoints New Director

TORONTO, ONTARIO--(Marketwired - May 27, 2015) - Stetson Oil & Gas Ltd. (TSX VENTURE:SSN) is pleased to welcome Mr. Lars Vännman to its Board of Directors. Mr. Lars Vännman is a business executive and advisor with over 40 years of extensive experience in the international base and precious metal mining and processing industry. For the last 15 years he has provided advisory and executive services to public and private international companies, initially from his base in Toronto, Canada and since 2000 from Stockholm, Sweden. He is presently a partner and officer in a select number of private companies engaged in the development and financing of mining and energy businesses. Mr. Vännman has a M.Sc. in Mining and Metallurgy from the Royal Institute of Technology, Stockholm and is a graduate of Harvard Business School's PMD course.

The appointment of Mr. Vännman follows the resignation of Mr. Stan Bharti from the board of directors of Stetson. Mr. Bharti will stand for election at the company's upcoming shareholder meeting.

Regulatory Statements

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the appointment and resignation of directors of the company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Stetson, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate acquired properties; foreign operations risks; and other risks inherent in the oil and gas industry. Although Stetson has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Stetson does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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