Mr. William Andrew reports

LONG RUN EXPLORATION LTD. ANNOUNCES SECURITYHOLDER APPROVAL FOR ARRANGEMENT

Long Run Exploration Ltd. has received securityholder approval for the plan of arrangement pursuant to which Calgary Sinoenergy Investment Corp. will acquire all of the outstanding common shares of Long Run and all of the outstanding 6.40-per-cent convertible unsecured subordinated debentures due Jan. 31, 2019. The arrangement was approved by a vote of greater than 98 per cent of the votes cast by Long Run shareholders and optionholders and greater than 95 per cent of the votes cast by Long Run debentureholders.

Pursuant to the arrangement: (i) Long Run shareholders will receive 52 cents cash for each Long Run common share; and (ii) Long Run debentureholders will receive, for each $1,000 principal amount of debentures held, an amount equal to $750 plus accrued and unpaid interest up to the day immediately prior to the effective date of the arrangement.

Completion of the arrangement is subject to various closing conditions, including receipt of certain regulatory approvals required by the purchaser in China and both court and regulatory approvals in Canada. The purchaser has confirmed it has completed its applicable filings with and is in receipt of required approvals from the National Development and Reform Commission, Ministry of Commerce, Qingdao branch, and the State Administration of Foreign Exchange in China. An application for court approval of the arrangement is scheduled to be made to the Court of Queen's Bench of Alberta on March 2, 2016. Long Run and the purchaser are diligently working together toward the completion of the required Canadian regulatory approvals, including under the Investment Canada Act and the Competition Act (Canada). The arrangement is currently expected to close in late April, 2016, following the receipt of Canadian regulatory approvals.

Further details regarding the arrangement can be found in the company's information circular and proxy statement dated Jan. 29, 2016, and the addendum thereto, each filed on Long Run's SEDAR profile.

We seek Safe Harbor.