Tanager Announces Test Results Confirming Yegua Discovery in Raptor A #1 Well in Polk County, Texas

CALGARY, ALBERTA--(Marketwired - Feb. 15, 2017) - Tanager Energy Inc. ("Tanager" or the "Corporation") (TSX VENTURE:TAN) is pleased to announce a new field discovery in the Raptor A #1 well, the first Yegua sandstone well to be drilled in its Polk County, Texas venture with Paleo Oil Company, LLC ("Paleo"). Tanager owns a fifty percent (50%) working interest in the Raptor A #1 well. The well was completed at a measured depth of 2,580-2,592 feet and flow tested over a four day period. The Raptor A #1 tested 1,685 mcf gas per day on an 18/64 choke with stabilized flowing pressure of 915 psi, bottom hole pressure of 1,054 psi, and a calculated Absolute Open Flow Rate (AOF) of 9,750 mcf gas per day. Paleo, the fifty percent (50%) working interest partner and the operator of the Raptor A #1, is currently assessing two alternative gas pipeline connection sales points within 1.5 miles of the Raptor A lease. Tanager will provide an update as to timing of construction of the gas sales line when further material information becomes available.

Tom M. Crain, Jr., interim Chairman and CEO of Tanager, stated, "We are pleased with the results of the Raptor A #1, Tanager's initial discovery well in the prolific Yegua trend in East Texas. This result confirms our views that the Yegua sandstone prospects in our JV area have substantial potential. We will commence operations immediately to drill an appraisal well in this prospect area, which will allow us to take advantage of existing infrastructure and minimize well costs. We remain committed to drilling quality prospects, while controlling costs, to maximize shareholder value."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Tanager Energy Inc. is an oil and natural gas and mineral exploration company headquartered in Calgary, Alberta, with executive offices in Houston, Texas. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "TAN".

Forward Looking Statements

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