Mr. David Greenway reports

PANORAMA PETROLEUM INC. ANNOUNCES RESULTS OF SPECIAL MEETING

Panorama Petroleum Inc. has provided a corporate update and strategy for refocus and renewal for 2017. In conjunction with the refocus and renewal, the consolidation and name change were approved by the shareholders at the corporation's special meeting held on March 24, 2017. The shareholders have approved a share consolidation of the company's issued and outstanding common shares on a one-new-for-5.5-preconsolidation-common-share basis. No fractional common shares will be issued pursuant to the consolidation. All fractional interests will be rounded down to the nearest whole number of shares. As of date hereof, the corporation has 143,200,080 common shares issued and outstanding, and the corporation will have approximately 26,036,378 common shares issued and outstanding postconsolidation.

The purpose of a structural adjustment of the company's stock is to better position Panorama to refocus its efforts on international opportunities in the energy sector and evaluate projects in undervalued jurisdictions.

The corporation's new Cusip number is 85284P102, and new ISIN is CA85284P1027. The company will commence trading on the TSX Venture Exchange under the new symbol STMP within a few days.

A letter of transmittal with respect to the consolidation will be mailed to the shareholders of the corporation.

About Panorama Petroleum Inc.

Panorama Petroleum is a resource exploration company engaged in the business of acquiring and exploring oil and gas properties. The company has assembled an experienced management team with a growth strategy to develop a portfolio of oil and gas projects. The company's main objective is to add shareholder value through exploration and development of high-quality resources through strategic acquisitions and joint ventures while maintaining a lower-risk profile through project diversification and efficient financial management. The company is focusing on late-exploration- and early-development-stage projects of high technical merit in favourable geopolitical jurisdictions.

We seek Safe Harbor.