Mr. Jean-Yves Lavoie reports

JUNEX ANNOUNCES VOTING RESULTS FROM ITS ANNUAL GENERAL MEETING AND ANNOUNCES NEW SHAREHOLDER PRESENTATION

Junex Inc. held its annual general meeting of its shareholders on Thursday, June 21, 2018. At the meeting, a strong majority of shareholders approved the re-election of each of Junex's directors as well as the reappointment of the company's auditor.

Also at that meeting, Jean-Yves Lavoie, president and chief executive officer of Junex, delivered a presentation to shareholders that provided information regarding the merger with Cuda Energy Inc. and the acquisition of oil assets in Wyoming. As outlined in the presentation, the new combined entity, to be named Cuda Oil and Gas Inc., is expected to exit 2018 with net production of 2,000 barrels of oil equivalent per day (60 per cent oil and liquids), generating a cash flow net back of $28 per barrel of oil equivalent (based on strip pricing following successful execution of the development drilling program). The presentation is available on Junex's website.

"We are pleased to provide our shareholders with an updated presentation that provides information on the merits of our merger with Cuda Energy, including the combined management and board of directors' track record of delivering strong shareholder returns through organic production and reserves growth. We believe that an active drilling program in Wyoming and Alberta will build a strong cash flow base that can be utilized to fund the future development of our large resource base in Quebec. Our combined asset base has the ability to generate short-term and long-term profitability for Junex shareholders while ensuring the continuity of projects in Quebec," said Mr. Lavoie.

For more information on this transaction, please see the press release issued on June 11, 2018.

We seek Safe Harbor.