Mr. Alex Verge reports

JOURNEY ENERGY INC. ANNOUNCES THE CLOSING OF THE SALE OF 37.5% OF ITS SHARES BY ITS MAJORITY SHAREHOLDER

The previously announced disposition of an aggregate of 16,355,798 common shares and restricted voting shares in the capital of Journey by Infra-PSP Partners Inc. (PSP) pursuant to a share purchase agreement dated Sept. 15, 2016, has closed. Upon closing of the disposition, the purchaser, Maple Investments Ltd. (MIE), will own 37.5 per cent of the issued and outstanding shares of Journey. After the sale of the shares, PSP will own approximately 12.5 per cent of the outstanding shares of Journey.

Concurrently with the closing of the sale of PSP's shares, Marc Drouin, an employee of PSP, and director of Journey, has resigned. Journey management and directors would like to thank Mr. Drouin for his guidance and leadership as a director of the company.

With the addition of MIE as a major shareholder, and the resignation of Mr. Drouin, Journey has initiated a review of its board composition and intends to provide a further update on Nov. 7, 2016, in conjunction with its third quarter financial and operating results.