Mr. Jean-Yves Lavoie reports

INDEPENDENT PROXY ADVISORY FIRM ISS RECOMMENDS JUNEX SHAREHOLDERS VOTE FOR PLAN OF ARRANGEMENT

Institutional Shareholder Services Inc. (ISS), a leading proxy advisory firm, has recommended that Junex Inc.'s shareholders vote in favour of the special resolution to approve the plan of arrangement under which Junex would complete a business combination with Cuda Energy Inc. The special resolution will be considered at the special meeting of Junex shareholders to be held on Aug. 2, 2018, at 11 a.m. EDT.

Explaining its support for the arrangement, ISS stated: "The proposed amalgamation makes strategic sense as current Junex shareholders will have a significant ownership stake in a much larger company with a more diversified asset portfolio, improved trading liquidity and capital markets exposure, and stronger financial position and flexibility. Given the implied premium, the favourable market reaction, the reasonable strategic rationale and the absence of significant governance concerns, shareholder approval of this resolution is warranted."

Junex shareholders who have questions regarding the arrangement 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.

For more information on the arrangement, 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. Junex's operations are conducted in a responsible manner, in strictest compliance with the rules, laws and regulations that govern oil and gas activities. To that end, every day it takes all measures to minimize the environmental impact of its activities.