Mr. Jean-Yves Lavoie reports

JUNEX INC. MAILS CIRCULAR TO SHAREHOLDERS IN CONNECTION WITH BUSINESS COMBINATION

Junex Inc. has mailed to its shareholders a management information circular dated July 6, 2018, in connection with the proposed business combination between Junex and Cuda Energy Inc. announced on June 11, 2018. Junex obtained an interim order from the Superior Court of Quebec on July 4, 2018, under which it will hold a meeting of its shareholders on Thursday, Aug. 2, 2018, at 11 a.m. at the Hotel Bonaventure in Montreal, Que., in order to vote on the proposed transaction.

The proposed transaction remains subject to customary closing conditions, including approval by Junex's shareholders and final approval from the Superior Court of Quebec. Subject to satisfaction of these closing conditions, the proposed transaction is expected to close on or about Aug. 10, 2018.

Junex's board of directors has unanimously recommended that Junex's shareholders vote in favour of the proposed transaction. In addition, KPMG LLP, as financial adviser to Junex's special committee, has provided Junex's board with an opinion that, the consideration to be received by Junex shareholders pursuant to the proposed transaction is fair, from a financial point of view, to Junex's shareholders. A copy of that opinion appears in the circular.

Your vote is important -- please vote today. Your vote is important regardless of the number of shares you own. Junex shareholders are encouraged to read the circular in detail.

Junex shareholders are being asked to vote in advance of the upcoming meeting on Aug. 2. All shares must be voted prior to 5 p.m. (Eastern Time) on July 31, 2018. If you are mailing a signed form of proxy or voting instruction form, please ensure that it arrives before this time. It is suggested that shareholders vote on-line or by telephone to prevent delays that may result in your vote not being received in time. If you have yet to receive your Junex proxy materials, please contact your financial intermediary and request they provide you with the control number associated with your form of proxy or voting instruction form.

Junex shareholders who have questions regarding the proposed transaction or who require assistance with voting may contact D.F. King, Junex's proxy solicitation agent, by telephone toll-free at 1-800-294-5107 (1-212-771-1133 by collect call) or by e-mail at inquiries@dfking.com.

A copy of the circular will be available on SEDAR as well as Junex's website.

For more information on the proposed transaction, please see Junex's press release of June 11, 2018.

About Junex Inc.

Junex is a Quebec SME that seeks to be a catalyst in accessing Quebec's oil and gas resources while ensuring that their development becomes an important means of creating collective wealth for Quebeckers.

We seek Safe Harbor.