Mr. Al Kroontje reports

BORDER ANNOUNCES FILING OF FINANCIALS

Border Petroleum Ltd. has released its financial results for the three months ended June 30, 2016, and 2015. The unaudited condensed interim financial statements and management discussion and analysis have been filed on SEDAR. These filings may be viewed on SEDAR.

Outlook

The corporation continues to focus on production optimization and cost-cutting, including general and administrative cost reductions, which are continuing. Currently, a significant portion of Border's production is shut in due to the current low commodity price environment. Operating costs for properties that are not operated by Border are under review as management continues to review alternatives to enhance shareholder value.

Appointment of new director

The corporation welcomes the appointment of Donald J. Brown to the corporation's board of directors.

Financial overview

Certain selected financial and operational information for the three months ended June 30, 2016, is set out in the attached tables and should be read in conjunction with the corporation's unaudited condensed interim financial statements and related management discussion and analysis. The attached tables provide a summary of key financial results for the three months ended June 30, 2016, and 2015.

                                                  June 30,           June 30,                                          
                                                     2016               2015                  
Financial
Petroleum and natural gas revenues          $     129,693      $     354,268
Funds flow from operations                  $    (129,251)     $      55,354
per share -- basic and diluted              $           -      $
Net (loss)                                  $    (235,414)     $     (59,344)
per share -- basic and diluted              $           -      $           -
Capital expenditures, including
decommissioning liabilities                 $      22,743      $    (196,830)

                                                  June 30,           June 30,                                          
                                                     2016               2015
Production
Oil and liquids (bbl/d)                                33                 54
Natural gas (mcf/d)                                   187                391
Oil equivalent (boe/d)                                 64                119
Sales price per unit
Oil and liquids ($/bbl)                             36.34              55.50
Natural gas ($/mcf)                                  1.26               2.27
Royalty income ($/boe)                               0.18               0.15
Oil equivalent ($/boe)                              22.25              32.55

We seek Safe Harbor.