Mr. Colin Watt reports

LYNDEN ENERGY CORP.'S SECURITYHOLDERS APPROVE ARRANGEMENT WITH EARTHSTONE ENERGY, INC.

Lynden Energy Corp.'s securityholders approved the proposal relating to the previously announced arrangement agreement entered into on Dec. 16, 2015, as amended, with Earthstone Energy Inc. and a wholly owned subsidiary of Earthstone, pursuant to which Earthstone Energy will acquire all of the outstanding common stock of Lynden, and Earthstone Energy and Lynden will amalgamate to continue as one corporate entity, with Lynden surviving the amalgamation as a wholly owned subsidiary of Earthstone. At the special meeting, Lynden securityholders voted on and approved a resolution with respect to the arrangement. The special meeting was held on May 12, 2016.

The arrangement resolution was approved by shareholders holding 99.7 per cent of the outstanding common shares, voting in person or by proxy at the special meeting, and by securityholders holding 99.72 per cent of common shares and options, voting together as a class, present in person or by proxy at the special meeting.

An application will be made for a final order of the Supreme Court of British Columbia for approval of the arrangement on May 13, 2016.

We seek Safe Harbor.