Superior Plus Announces Retirement of CFO Mr. Wayne Bingham

CALGARY, ALBERTA--(Marketwired - June 17, 2015) - Superior Plus Corp. ("Superior") (TSX:SPB) today announced that, due to personal health reasons, Mr. Wayne Bingham, Chief Financial Officer (CFO) is expected to retire no later than February 2016. Mr. Bingham joined Superior in the capacity of CFO in October 2006. Mr. Bingham will remain with Superior until February 2016 or until his retirement date to assist in the transition of the new CFO as well as the corporate office relocation to Toronto which is anticipated in the fourth quarter of 2015. Superior has commenced a search for a successor to Mr. Bingham.

"I would like to thank Wayne for his contribution to Superior as Chief Financial Officer. Wayne has been an integral part of the Superior executive team and has been instrumental in Superior's ongoing financial and operational improvements," said Luc Desjardins, President and Chief Executive Officer.

About the Corporation

Superior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates, providing fixed-price energy services, and supply portfolio management; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.

Forward-Looking Information

This press release may contain forward-looking statements. All forward-looking statements are based on our beliefs as well as assumptions based on information available at the time the assumption was made and on management's experience and perception of historical trends, current conditions and expected future developments, as well as other factors deemed appropriate in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Forward-looking statements are not facts, but only predications and can generally be identified by the use of statements that include phrases such as "anticipate", "believe", "continue", "could", "estimate", "foresee", "expect", "plan", "intend", "forecast", "future", "guidance", "may", "predict", "project", "should", "strategy", "target", "will" or similar expressions suggesting future outcomes. Forward-looking information in this Press Release includes but is not limited to the future retirement of Superior's CFO and the timing of the corporate office relocation. Superior believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Superior's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks and uncertainties include but are not limited to the risks identified in the Corporation's 2014 Annual Information Form under the heading "Risk Factors", which is available on the SEDAR website (www.sedar.com). Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.