Subject: Concerned Shareholders of Eagle Energy Inc. Set the Record Straight
PLAIN TEXT:
<html><head> <title>Concerned Shareholders of Eagle Energy Inc. Set the Record Straight</title></head><body><div st
--->yle="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt;"><table><tr><td width=270><img src="http://www.newsfi
--->lecorp.com/images/newsfile-wire-logo.jpg" width="248" height="54" alt="Newsfile Corp." /></td><td><h2 style="font-fami
--->ly: Arial, Helvetica, Sans-Serif;color:#0C2081;">Concerned Shareholders of Eagle Energy Inc. Set the Record Straight</
--->h2></td></tr></table><hr style="color: #0C2081; background-color: #0C2081; height: 5px; margin: 20px 0px;" /><h3 styl
--->e="font-family: Arial, Helvetica, Sans-Serif;color:#0C2081;margin-top:5px;"><i></i></h3><p>Calgary, Alberta--(Newsfile
---> Corp. - May 29, 2017) - Daniel Gundersen and Kingsway Financial Services Inc. (together, the "Concerned Shareholders"
--->) announce today that their information circular (the "Circular") and <b><u>BLUE</u></b> form of proxy have been maile
--->d to all shareholders of Eagle Energy Inc. ("Eagle" or the "Company"; TSX: EGL) in connection with Eagle's annual gen
--->eral meeting scheduled to be held at 10:00 a.m. (Calgary time) on Tuesday, June 27, 2017 (the "Meeting"). A copy of th
--->e Circular is available on SEDAR under Eagle's profile and at our website <b><u><a href="http://www.SaveEagle.ca" targ
--->et="_blank">www.SaveEagle.ca</a></u></b><u>. </u></p><p>The Concerned Shareholders urge Eagle shareholders to vote for
---> change by voting <b><u>FOR</u></b> the Concerned Shareholder nominees on the <b><u>BLUE</u></b> form of proxy or voti
--->ng instruction form in accordance with the instructions set out in the Concerned Shareholders' meeting materials. </p
--->><p>In addition, the Concerned Shareholders have also issued today the following letter to Eagle shareholders:</p><p><
--->b>May 29, 2017</b></p><p><b>Dear Fellow Shareholders,</b></p><p>You have or will soon receive an information circular
--->from the current management of Eagle Energy Inc. ("Eagle" or the "Company"). We have just read it. <b>IT IS AN INSULT
---> TO ALL SHAREHOLDERS.</b><b> </b>Eagle's management wants you to believe that we are behind a <i>hostile takeover with
---> inexperienced oil & gas personnel and a financial partner with questionable motives </i>and, if that were not eno
--->ugh, management has told you that if they lose, <i>an immediate event of default will be triggered and the future of t
--->he Company will be at risk</i>. <b>These are lies made up by a management group desperate to pursue its high-risk busi
--->ness plan in an attempt to justify its excessive overhead levels so that Eagle can continue to pay exorbitant salaries
---> to management. It's that simple.</b></p><p>Eagle is attacking us and making baseless allegations about our motives in
---> an attempt to mislead the shareholders of the Company. <b>Instead, Eagle should have answered the following important
---> questions:</b></p><table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style="wid
--->th: 0%;" valign="baseline"><p style="text-indent: 24px; padding-left: 48px;">1. </p></td><td style="padding-top: 0px
--->;"><p><b>Why is the stock down over 70% since 2015?</b></p></td></tr></tbody></table><table style="border-collapse: co
--->llapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 0%;" valign="baseline"><p style="text-indent: 24
--->px; padding-left: 48px;">2. </p></td><td style="padding-top: 0px;"><p><b>Why was the dividend cancelled in March 201
--->7?</b></p></td></tr></tbody></table><table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"><tbody><
--->tr><td style="width: 0%;" valign="baseline"><p style="text-indent: 24px; padding-left: 48px;">3. </p></td><td style=
--->"padding-top: 0px;"><p><b>Why did CEO Richard Clark receive compensation of $778,646 in 2016?</b></p></td></tr></tbody
--->></table><table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 0%;" v
--->align="baseline"><p style="text-indent: 24px; padding-left: 48px;">4. </p></td><td style="padding-top: 0px;"><p><b>W
--->hat will management do to fix Eagle's unsustainable cost structure?</b></p></td></tr></tbody></table><table style="bor
--->der-collapse: collapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 0%;" valign="baseline"><p style=
--->"text-indent: 24px; padding-left: 48px;">5. </p></td><td style="padding-top: 0px;"><p><b>What will management do to
--->fix Eagle's debt problems?</b></p></td></tr></tbody></table><table style="border-collapse: collapse;" cellspacing="0"
--->cellpadding="0"><tbody><tr><td style="width: 0%;" valign="baseline"><p style="text-indent: 24px; padding-left: 48px;">
--->6. </p></td><td style="padding-top: 0px;"><p><b>Why has Eagle been abandoned by the investment community?</b></p></t
--->d></tr></tbody></table><table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style=
--->"width: 0%;" valign="baseline"><p style="text-indent: 24px; padding-left: 48px;">7. </p></td><td style="padding-top:
---> 0px;"><p><b>Who approved the recent increase in severance payments to management?</b></p></td></tr></tbody></table><t
--->able style="border-collapse: collapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 0%;" valign="base
--->line"><p style="text-indent: 24px; padding-left: 48px;">8. </p></td><td style="padding-top: 0px;"><p><b>Who approved
---> directors and management receiving approximately 4% of Eagle for free?</b></p></td></tr></tbody></table><p><b>The exi
--->sting board and management have betrayed the shareholders of Eagle.</b></p><p><b>We, Daniel Gundersen and Kingsway Fin
--->ancial Services Inc. ("Kingsway"), are Concerned Shareholders of Eagle Energy Inc. </b><b>WE HAVE ONLY ONE MOTIVE AND
--->ONE OBJECTIVE:</b><b> MAXIMIZE SHAREHOLDER VALUE. </b>We have no ulterior motives and no hidden agenda. We believe tha
--->t the Company needs a plan that will benefit ALL shareholders, not just current management.<b> We have that plan and w
--->e have the right people to execute it.</b><b></b></p><p><b>Eagle has high quality assets, but it also has three seriou
--->s problems:</b></p><ul><li><b>Failed leadership</b></li><li><b>Excessive overhead costs including management salaries<
--->/b></li><li><b>Expensive and onerous debt</b></li></ul><p><b>Failed Leadership</b></p><p>On March 17, 2017, the last b
--->rokerage firm in Calgary that is providing research coverage on Eagle wrote that it was concerned about <b>"</b><b>man
--->agement's lack of alignment with shareholder interests".</b> This is the consensus in the Calgary investment community
--->. There is no trust. <b>CEO Richard Clark, a former lawyer, is believed to have lost focus on Eagle </b>and is pursuin
--->g other interests. However, this did not prevent him from receiving <b>total compensation of $778,646 </b>in 2016. We
--->remind you that Eagle's market capitalization is less than $25 million. <b>This is madness.</b></p><p>We also question
---> the existing board's justification and authority for dramatically increased severance and other payments if there is
--->a change of control. In 2015, the aggregate payments were $2.2 million. Eagle's current information circular indicates
---> that change of control payments would now total $4.0 million. This number is excessive relative to Eagle's current ma
--->rket capitalization of less than $25 million. <b>This is an absolute affront to shareholders. Eagle is completely out
--->of touch with reasonable corporate governance practices. This is not acceptable.</b></p><p><b>Our director nominees of
--->fer leadership that will be wholly aligned with shareholders. It is a group that will terminate the practice of excess
--->ive management compensation. Our director nominees will be stewards of good governance and will hold management as wel
--->l as themselves accountable.</b></p><p><b>Excessive Overhead Costs Including Management Salaries and </b><b><u>Free Sh
--->ares</u></b></p><p>Eagle's overhead costs including management salaries are <b>triple those of comparable companies</b
--->>. This level of costs is unsustainable. The same brokerage firm that was worried about shareholder alignment wrote th
--->at they <b>"struggle with EGL's cost structure". </b>In its current information circular, management fails to even ack
--->nowledge this problem. We believe Eagle's plan is designed to justify these excessive overhead costs. This is a prescr
--->iption for failure. <b>This is not acceptable.</b></p><p style="text-align: center;"><a href="http://orders.newsfileco
--->rp.com/files/5280/27039_eagle2.jpg"><img style="border-width: 0px;" src="http://orders.newsfilecorp.com/files/5280/270
--->39_eagle1.jpg" alt="Cannot view this image? Visit: https://mandrillapp.com/track/click/30568383/orders.newsfilecorp.co
--->m?p=eyJzIjoiZjFfVkVMd0VUNDdlWDBWWGxsbVdGZlM1eVdzIiwidiI6MSwicCI6IntcInVcIjozMDU2ODM4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwOl
--->xcXC9cXFwvb3JkZXJzLm5ld3NmaWxlY29ycC5jb21cXFwvZmlsZXNcXFwvNTI4MFxcXC8yNzAzOV9lYWdsZTEuanBnXFxcIlwiLFwiaWRcIjpcImNmNTI2
--->ZWY2YjJiZDRhYTA5MjYzYjc2NTkxNmM4MTU5XCIsXCJ1cmxfaWRzXCI6W1wiZTI2Y2MzYmQ1YWEwMzliZDhiYTE3MmYyNWZlZGMwM2U3ZmY5YTNiY1wiXX
--->0ifQ /></a><br /><br /><font style="font-size: 10px;">From Y/E public filings & December 31, 2016 closing share pr
--->ices.</font></p><p style="text-align: center;"><b>Eagle Energy Inc. CEO Compensation Comparison Table </b><br /><br />
--->To view an enhanced version of this graphic, please visit:<br /><a href="http://orders.newsfilecorp.com/files/5280/270
--->39_eagle2.jpg">http://orders.newsfilecorp.com/files/5280/27039_eagle2.jpg</a></p><p>CEO Richard Clark's 2016 compensat
--->ion of $778,646 is a significant part and representative of Eagle's cost problems. The chart to the left illustrates h
--->is compensation as a percentage of Eagle's market capitalization. Shockingly, on this basis, his compensation is six t
--->imes the average of other CEOs at comparable companies. <b><br />This is not acceptable.</b></p><p>The existing board
--->granted 1.66 million shares (in the form of Restricted Share Units and Performance Share Units) to the management grou
--->p and themselves in 2016. To put that in perspective, Eagle's board gave themselves and management the equivalent of
--->approximately 4% of the company - for free - while YOU, the true owners of Eagle, suffered losses.<b> </b><b>This is n
--->ot acceptable.</b><b></b></p><p><b>Expensive and Onerous Debt</b></p><p>In its information circular, management contin
--->ues to highlight its satisfaction with the White Oak term loan. We find it shocking that any company could be satisfie
--->d with a <b>debt that is three times its market capitalization and with interest rates that are more than double those
---> of a conventional bank facility</b>. Management describes the benefit of a 4 year loan, but not surprisingly fails to
---> mention that after only one month, the financial covenants contained in the agreement were amended without explanatio
--->n to shareholders, leaving us to conclude there were in fact, serious concerns about a potential breach. Management st
--->ates that "The covenants under the new loan are not materially different than they were under the old loan." However,
--->they fail to acknowledge that interest payments under the new loan will nearly triple to about $7 million annually. Th
--->e loss of this cash flow affects the covenants significantly. <b>We are worried that the financial covenants within th
--->e loan agreement may become problematic as soon as August 2017. This is not acceptable.</b></p><p>We are shocked that
--->Eagle is hiding behind a standard financial covenant in the White Oak loan agreement as a reason to entrench the curre
--->nt board. Citing this change of control covenant as a reason to discourage shareholders from supporting our director n
--->ominees is <b>completely irresponsible and evidence of Eagle's failed leadership.</b> We have carefully reviewed the l
--->oan agreement, including the change of control definition, with our legal counsel. We would expect that, in the event
--->that the Concerned Shareholder director nominees are successful, the current Eagle board would work cooperatively with
---> us to ensure a smooth transition that would result in ongoing compliance with the loan agreement. However, in the eve
--->nt the current Eagle board disregards its fiduciary responsibilities, we have numerous options available to us to effe
--->ctively manage the White Oak term loan. <b>Citing the change of control provision in its information circular is simpl
--->y fear mongering by Eagle and is only evidence of their desperation.</b><b> This is not acceptable.</b></p><p><b>Conce
--->rned Shareholders' Plan</b></p><p><b>On March 4, the Concerned Shareholders announced a plan that will fix Eagle's ove
--->rhead and debt problems. </b>Our plan is intended to fix problems in the short term and maximize value in the long ter
--->m. This long-term objective cannot be accomplished if Eagle has an unsustainable overhead burden and a crushing level
--->of expensive debt. <b>The oil & gas business today requires efficiency in all aspects of the business, especially
--->cost structure. </b></p><p>Unlike Eagle's plan, our plan will fix Eagle's overhead and debt problems. In order to achi
--->eve this critical objective, assets will have to be sold, but certainly not at fire sale prices as suggested in Eagle'
--->s information circular. Eagle has high quality assets. We have been in contact with the most reputable acquisition and
---> divestiture firms in Canada and the US. <b>We believe any one of Eagle's main assets could be sold for a premium to E
--->a gle's current corporate valuation.</b></p><p>Once Eagle's overhead and debt problems are fixed, the new board will q
--->uickly focus on the long-term. No alternative will be ignored.. A more efficient cost structure and a repaired balance
---> sheet will support both organic growth and corporate development. It may be possible to achieve the most value by mer
--->ging with another company. Any cost savings achieved by efficiency gains and cheaper access to capital would effective
--->ly flow to shareholders in this scenario. <b>Daniel Gundersen and the new board will be agents of positive change for
--->shareholders. </b><b>OUR PLAN IS A LOW-RISK PLAN THAT IS IN THE BEST INTERESTS OF ALL EAGLE SHAREHOLDERS. IT IS A PLAN
---> DEVELOPED TO MAXIMIZE SHAREHOLDER VALUE.</b></p><p><b>Concerned Shareholders' Board Nominees</b></p><p><b>Contrary to
---> the claims made by Eagle management, our board nominees are highly qualified.</b> <b>Dan Gundersen, Gerry Gilewicz an
--->d Brad Porter</b><b> have significant oil & gas experience, including </b><b>the management, operation, and acquis
--->ition and divestiture of assets in Canada and the United States.</b><b> </b><b>Rob Fong has significant financial, reg
--->ulatory and governance experience with public oil & gas</b><b></b><b> </b><b>companies in Canada.</b> As a group,
--->they are committed to shareholders. They are also a more conservative group. Unlike Eagle's current board that is comf
--->ortable with a highly-leveraged company reliant on a high-risk drilling program, this group believes a low risk plan t
--->o sell assets, reduce overhead and pay down debt is the right plan. <b>Remember, David Fitzpatrick and Warren Steckley
---> have histories of involvement with companies that have undergone bankruptcies and formal insolvencies (see page 10 of
---> Eagle's information circular). </b><b>We have no such appetite for risk. It is not in the best interests of sharehold
--->ers.</b></p><p><b>Concerned Shareholders' Motives</b></p><p>Eagle's information circular wrongly questions the experie
--->nce, talent, and motives of the Concerned Shareholders. Regarding <b>Daniel Gundersen</b>, we highlight director nomin
--->ee Bradley Porter's recent comments: "Having worked directly with Mr. Gundersen as management for three successful pub
--->licly-traded oil & gas exploration and production companies in the period of 2002 through 2010, I can personally v
--->ouch for his integrity, competence, and work ethic. <b>All shareholders will be well-served and reap the benefit of hi
--->s dedication</b>." Eagle has described Mr. Gundersen as an opportunist. This is absurd. In early 2016, Mr. Gundersen a
--->nd his fellow Maple Leaf Royalties Corp. shareholders received 7.7 million Eagle shares. These shares have since lost
--->substantial value. <b>Mr. Gundersen has every right to be a very disappointed and a very concerned shareholder of Eagl
--->e.</b></p><p><b>Kingsway </b>is a publicly listed merchant bank with offices in Toronto and Itasca, Illinois. The mark
--->et capitalization of Kingsway is approximately $200 million. Its shares are listed on the TSX and NYSE under the symbo
--->l KFS. Larry Swets is the Chief Executive Officer and owns 9% of Kingsway. Before joining Kingsway, Mr. Swets founded
--->Itasca Financial LLC, an advisory and investment firm specializing in the insurance industry. He is a Chartered Financ
--->ial Analyst (CFA) charterholder.</p><p>Kingsway is a value investor in the tradition of Benjamin Graham. It strongly b
--->elieves that the best investments arise at the extremes of market cycles. Because of low oil prices, Kingsway has iden
--->tified energy as a very positive investment opportunity. In early 2016, it acquired certain oil & gas operating as
--->sets in Texas. In late 2016, Mr. Swets was introduced to Mr. Gundersen and his opinions regarding the potential of Eag
--->le. Kingsway later made its initial investment in Eagle and could increase that investment if it had confidence in the
---> direction of the Company. </p><p><b>Eagle has described Kingsway as a short-term investor</b>. This is <b>an incorrec
--->t and</b> <b>misleading conclusion.</b> Larry Swets' 2016 letter to Kingsway shareholders highlights this issue. He wr
--->ote, <b>"</b><b>Kingsway focuses on building long-term value </b>by compounding capital with investments/acquisition/f
--->inancings that offer asymmetric risk/reward potential with a margin of safety supported by private market values using
---> a merchant banking approach".</p><p><b>Eagle has said Kingsway has suspect motives. </b><b>Like Benjamin Graham, King
--->sway is also an investor that will not tolerate mismanagement or a lack of shareholder alignment. </b><b>Kingsway does
---> not</b><b> back down from this. It is proud of this fact.</b> After ignoring its shareholders for years, it must be d
--->ifficult for existing Eagle management to accept a <b>shareholder demand for competent management, shareholder alignme
--->nt, and reasonable governance practices.</b></p><p><b>The Proxy to Vote is </b><b><u>BLUE</u></b></p><p>Time is of the
---> essence. Your Company is at a crucial juncture and your vote is important, regardless of how many shares you own.</p>
---><p><b>We urge you to save your investment and vote for change by voting FOR the Concerned Shareholder nominees on the
---></b><b><u>BLUE</u></b><b> Proxy today. Ensure that your vote is </b><b><u>FOR</u></b><b> Daniel Gundersen, Robert Fong
--->, Gerald Gilewicz, and Bradley Porter.</b></p><p>Voting is a quick and simple process. Your BLUE proxy must be receive
--->d well in advance of the deadline of 9:00 a.m. (Calgary time) on June 23, 2017. Due to the limited time available, we
--->recommend voting by internet, telephone or fax today or no later than 24 hours before the deadline. Visit our website
---><b><u><a href="http://www.SaveEagle.ca" target="_blank">www.SaveEagle.ca</a></u></b><b> </b>where you can vote. Shareh
--->olders with questions or who require any assistance in executing their proxy or voting instruction form, please call D
--->.F. King Canada at: North American Toll Free Number: 1-800-398-2816 Outside North America, Banks, Brokers and Collect
--->Calls: 1-201-806-7301. Email: <b><u><a href="mailto:inquiries@dfking.com">inquiries@dfking.com</a></u></b></p><p><b>Yo
--->ur vote is extremely important. Every share counts to ensure change is implemented to save your Company. Eagle shareho
--->lders should disregard any materials received from management and vote only the </b><b><u>BLUE</u></b><b> proxy today.
---></b></p><p>Sincerely,</p><p><u>Signed "Daniel Gundersen"</u> <br />Concerned Shareholder </p><p><u>Sign
--->ed "Larry Swets"</u><br />CEO, Kingsway Financial Services Inc.<br />Concerned Shareholder</p><p><b>C</b><b>ontacts</b
--->></p><p>Daniel Gundersen<br />403-852-4423<br /><a href="mailto:dan@SaveEagle.ca">dan@SaveEagle.ca</a></p><p>Larry G.
--->Swets Jr.<br />630-290-2432</p><p>Jack Muir<br /><a href="mailto:jackmuir@cogencygroup.ca">jackmuir@cogencygroup.ca</a
--->><br />604-836-8782</p><p>DF King<br />1-800-398-2816 (toll free within North America)<br />Email: <a href="mailto:inq
--->uiries@dfking.com" class="ApplyClass">inquiries@dfking.com</a></p><p>The Concerned Shareholders have hired Norton Rose
---> Fulbright Canada LLP as their legal counsel, Cogency Group Partners Inc. as their financial advisor and D.F. King as
--->its proxy advisor and proxy solicitation agent. </p><p><b>ADDITIONAL INFORMATION</b></p><p>The Concerned Shareholders
--->have filed the Circular containing the information required by Form 51-102F5 - <i>Information Circular</i> in respect
--->of the nominees of the Concerned Shareholders, which is available on Eagle's profile on SEDAR at <u><a href="http://ww
--->w.sedar.com" target="_blank">www.sedar.com</a></u>.</p><p><b>This solicitation is being made by the Concerned Sharehol
--->ders, and not by or on behalf of the management of Eagle.</b> Solicitations may be made by or on behalf of the Concern
--->ed Shareholders, by mail, telephone, fax, email or other electronic means, and in person by directors, officers and em
--->ployees of the Concerned Shareholders or their proxy advisor D.F. King or by the nominees of the Concerned Shareholder
--->s. All costs incurred for any solicitation will be borne by the Concerned Shareholders, provided that, subject to appl
--->icable law, the Concerned Shareholders may seek reimbursement from Eagle of the Concerned Shareholders' out-of-pocket
--->expenses, including proxy solicitation expenses and legal fees, incurred in connection with a successful reconstitutio
--->n of the board of directors. Pursuant to the agreement with D.F. King, for its solicitation services, D..F.King would
--->receive approximately $170,000 plus standard per call fees and out of pocket disbursements.</p><p>If you are the regis
--->tered holder of your Common Shares, you may revoke a proxy previously given: (a) by completing and signing a valid for
--->m of proxy bearing a later date and returning it in accordance with the instructions contained in the accompanying <b>
---><u>BLUE</u></b> form of proxy or as otherwise provided in the Circular; (b) by depositing an instrument in writing exe
--->cuted by a registered holder of Common Shares or by a registered holder's attorney authorized in writing (or, if the r
--->egistered holder of Common Shares is a corporation, by a duly authorized officer or attorney) and deposited either at
--->the principal business office of the Eagle (2710, 500 - 4th Avenue S.W., Calgary, Alberta T2P 2V6) at any time up to a
--->nd including 5:00 p.m. (Calgary Time) on the last business day preceding the day of the Meeting; (c) by attending the
--->Meeting and reporting to the desk of Computershare Investor Services Inc. to sign in and revoke any proxy previously g
--->iven; or (d) in any other manner permitted by law..</p><p>Eagle's principal business office is 2710, 500 - 4th Avenue
--->S.W., Calgary, Alberta T2P 2V6. A copy of this press release may be obtained on Eagle's SEDAR profile at <u><a href="h
--->ttp://www.sedar.com" target="_blank">www.sedar.com</a></u>.</p></div></body></html><p>If you no longer want to receive
---> messages from us <a href='http://orders.newsfilecorp.com/unsubscribe.aspx?id=news@stockwatch.com&token=ab3b8818eda750
--->6765bd0f2c6deece87&cid=5280'>click here to unsubscribe</a>.</p>
HTML CONTENT:
<html><head> <title>Concerned Shareholders of Eagle Energy Inc. Set the Record Straight</title></head><body><div st
--->yle="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt;"><table><tr><td width="270"><img src="http://www.news
--->filecorp.com/images/newsfile-wire-logo.jpg" width="248" height="54" alt="Newsfile Corp." /></td><td><h2 style="font-fa
--->mily: Arial, Helvetica, Sans-Serif;color:#0C2081;">Concerned Shareholders of Eagle Energy Inc. Set the Record Straight
---></h2></td></tr></table><hr style="color: #0C2081; background-color: #0C2081; height: 5px; margin: 20px 0px;" /><h3 st
--->yle="font-family: Arial, Helvetica, Sans-Serif;color:#0C2081;margin-top:5px;"><i></i></h3><p>Calgary, Alberta--(Newsfi
--->le Corp. - May 29, 2017) - Daniel Gundersen and Kingsway Financial Services Inc. (together, the "Concerned Shareholder
--->s") announce today that their information circular (the "Circular") and <b><u>BLUE</u></b> form of proxy have been mai
--->led to all shareholders of Eagle Energy Inc. ("Eagle" or the "Company"; TSX: EGL) in connection with Eagle's annual g
--->eneral meeting scheduled to be held at 10:00 a.m. (Calgary time) on Tuesday, June 27, 2017 (the "Meeting"). A copy of
--->the Circular is available on SEDAR under Eagle's profile and at our website <b><u><a href="https://mandrillapp.com/tra
--->ck/click/30568383/www.SaveEagle.ca?p=eyJzIjoia3R3eEZtbWhJdDF2YlhNRXk4TlpyYy03UUpnIiwidiI6MSwicCI6IntcInVcIjozMDU2ODM4M
--->yxcInZcIjoxLFwidXJsXCI6XCJodHRwOlxcXC9cXFwvd3d3LlNhdmVFYWdsZS5jYVwiLFwiaWRcIjpcImNmNTI2ZWY2YjJiZDRhYTA5MjYzYjc2NTkxNmM
--->4MTU5XCIsXCJ1cmxfaWRzXCI6W1wiMmFhMjAxNzk4MzlkNjU3YThmNzA1NzNlY2Q4NDEwMmFkNGJhMzJmNFwiXX0ifQ" target="_blank">www.SaveE
--->agle.ca</a></u></b><u>. </u></p><p>The Concerned Shareholders urge Eagle shareholders to vote for change by voting <b>
---><u>FOR</u></b> the Concerned Shareholder nominees on the <b><u>BLUE</u></b> form of proxy or voting instruction form i
--->n accordance with the instructions set out in the Concerned Shareholders' meeting materials. </p><p>In addition, the
--->Concerned Shareholders have also issued today the following letter to Eagle shareholders:</p><p><b>May 29, 2017</b></p
--->><p><b>Dear Fellow Shareholders,</b></p><p>You have or will soon receive an information circular from the current mana
--->gement of Eagle Energy Inc. ("Eagle" or the "Company"). We have just read it. <b>IT IS AN INSULT TO ALL SHAREHOLDERS.
---></b><b> </b>Eagle's management wants you to believe that we are behind a <i>hostile takeover with inexperienced oil &#
--->38; gas personnel and a financial partner with questionable motives </i>and, if that were not enough, management has t
--->old you that if they lose, <i>an immediate event of default will be triggered and the future of the Company will be at
---> risk</i>. <b>These are lies made up by a management group desperate to pursue its high-risk business plan in an attem
--->pt to justify its excessive overhead levels so that Eagle can continue to pay exorbitant salaries to management. It's
--->that simple.</b></p><p>Eagle is attacking us and making baseless allegations about our motives in an attempt to mislea
--->d the shareholders of the Company. <b>Instead, Eagle should have answered the following important questions:</b></p><t
--->able style="border-collapse: collapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 0%;" valign="base
--->line"><p style="text-indent: 24px; padding-left: 48px;">1. </p></td><td style="padding-top: 0px;"><p><b>Why is the s
--->tock down over 70% since 2015?</b></p></td></tr></tbody></table><table style="border-collapse: collapse;" cellspacing=
--->"0" cellpadding="0"><tbody><tr><td style="width: 0%;" valign="baseline"><p style="text-indent: 24px; padding-left: 48p
--->x;">2. </p></td><td style="padding-top: 0px;"><p><b>Why was the dividend cancelled in March 2017?</b></p></td></tr><
--->/tbody></table><table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style="width:
--->0%;" valign="baseline"><p style="text-indent: 24px; padding-left: 48px;">3. </p></td><td style="padding-top: 0px;"><
--->p><b>Why did CEO Richard Clark receive compensation of $778,646 in 2016?</b></p></td></tr></tbody></table><table style
--->="border-collapse: collapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 0%;" valign="baseline"><p s
--->tyle="text-indent: 24px; padding-left: 48px;">4. </p></td><td style="padding-top: 0px;"><p><b>What will management d
--->o to fix Eagle's unsustainable cost structure?</b></p></td></tr></tbody></table><table style="border-collapse: collaps
--->e;" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 0%;" valign="baseline"><p style="text-indent: 24px; p
--->adding-left: 48px;">5. </p></td><td style="padding-top: 0px;"><p><b>What will management do to fix Eagle's debt prob
--->lems?</b></p></td></tr></tbody></table><table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"><tbod
--->y><tr><td style="width: 0%;" valign="baseline"><p style="text-indent: 24px; padding-left: 48px;">6. </p></td><td sty
--->le="padding-top: 0px;"><p><b>Why has Eagle been abandoned by the investment community?</b></p></td></tr></tbody></tabl
--->e><table style="border-collapse: collapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 0%;" valign="
--->baseline"><p style="text-indent: 24px; padding-left: 48px;">7. </p></td><td style="padding-top: 0px;"><p><b>Who appr
--->oved the recent increase in severance payments to management?</b></p></td></tr></tbody></table><table style="border-co
--->llapse: collapse;" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 0%;" valign="baseline"><p style="text-
--->indent: 24px; padding-left: 48px;">8. </p></td><td style="padding-top: 0px;"><p><b>Who approved directors and manage
--->ment receiving approximately 4% of Eagle for free?</b></p></td></tr></tbody></table><p><b>The existing board and manag
--->ement have betrayed the shareholders of Eagle.</b></p><p><b>We, Daniel Gundersen and Kingsway Financial Services Inc.
--->("Kingsway"), are Concerned Shareholders of Eagle Energy Inc. </b><b>WE HAVE ONLY ONE MOTIVE AND ONE OBJECTIVE:</b><b>
---> MAXIMIZE SHAREHOLDER VALUE. </b>We have no ulterior motives and no hidden agenda. We believe that the Company needs a
---> plan that will benefit ALL shareholders, not just current management.<b> We have that plan and we have the right peop
--->le to execute it.</b><b></b></p><p><b>Eagle has high quality assets, but it also has three serious problems:</b></p><u
--->l><li><b>Failed leadership</b></li><li><b>Excessive overhead costs including management salaries</b></li><li><b>Expens
--->ive and onerous debt</b></li></ul><p><b>Failed Leadership</b></p><p>On March 17, 2017, the last brokerage firm in Calg
--->ary that is providing research coverage on Eagle wrote that it was concerned about <b>"</b><b>management's lack of ali
--->gnment with shareholder interests".</b> This is the consensus in the Calgary investment community. There is no trust.
---><b>CEO Richard Clark, a former lawyer, is believed to have lost focus on Eagle </b>and is pursuing other interests. Ho
--->wever, this did not prevent him from receiving <b>total compensation of $778,646 </b>in 2016. We remind you that Eagle
--->'s market capitalization is less than $25 million. <b>This is madness.</b></p><p>We also question the existing board's
---> justification and authority for dramatically increased severance and other payments if there is a change of control.
--->In 2015, the aggregate payments were $2.2 million. Eagle's current information circular indicates that change of contr
--->ol payments would now total $4.0 million. This number is excessive relative to Eagle's current market capitalization o
--->f less than $25 million. <b>This is an absolute affront to shareholders. Eagle is completely out of touch with reasona
--->ble corporate governance practices. This is not acceptable.</b></p><p><b>Our director nominees offer leadership that w
--->ill be wholly aligned with shareholders. It is a group that will terminate the practice of excessive management compen
--->sation. Our director nominees will be stewards of good governance and will hold management as well as themselves accou
--->ntable.</b></p><p><b>Excessive Overhead Costs Including Management Salaries and </b><b><u>Free Shares</u></b></p><p>Ea
--->gle's overhead costs including management salaries are <b>triple those of comparable companies</b>. This level of cost
--->s is unsustainable. The same brokerage firm that was worried about shareholder alignment wrote that they <b>"struggle
--->with EGL's cost structure". </b>In its current information circular, management fails to even acknowledge this problem
--->. We believe Eagle's plan is designed to justify these excessive overhead costs. This is a prescription for failure. <
--->b>This is not acceptable.</b></p><p style="text-align: center;"><a href="https://mandrillapp.com/track/click/30568383/
--->orders.newsfilecorp.com?p=eyJzIjoib1VVMllTeXRDVTBKN3M5a2tEbGJwX1VFX1NvIiwidiI6MSwicCI6IntcInVcIjozMDU2ODM4MyxcInZcIjox
--->LFwidXJsXCI6XCJodHRwOlxcXC9cXFwvb3JkZXJzLm5ld3NmaWxlY29ycC5jb21cXFwvZmlsZXNcXFwvNTI4MFxcXC8yNzAzOV9lYWdsZTIuanBnXCIsXC
--->JpZFwiOlwiY2Y1MjZlZjZiMmJkNGFhMDkyNjNiNzY1OTE2YzgxNTlcIixcInVybF9pZHNcIjpbXCI4ZGM5OTg4YzBmOWRmOTVjNWI3YmQ4N2ZjYmU5MTdk
--->M2YwZjZiZDY5XCJdfSJ9"><img style="border-width: 0px;" src="http://orders.newsfilecorp.com/files/5280/27039_eagle1.jpg"
---> alt="Cannot view this image? Visit: http://orders.newsfilecorp.com/files/5280/27039_eagle1.jpg" /></a><br /><br /><fo
--->nt style="font-size: 10px;">From Y/E public filings & December 31, 2016 closing share prices.</font></p><p style="
--->text-align: center;"><b>Eagle Energy Inc. CEO Compensation Comparison Table </b><br /><br />To view an enhanced versio
--->n of this graphic, please visit:<br /><a href="https://mandrillapp.com/track/click/30568383/orders.newsfilecorp.com?p=
--->eyJzIjoib1VVMllTeXRDVTBKN3M5a2tEbGJwX1VFX1NvIiwidiI6MSwicCI6IntcInVcIjozMDU2ODM4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwOlxcXC
--->9cXFwvb3JkZXJzLm5ld3NmaWxlY29ycC5jb21cXFwvZmlsZXNcXFwvNTI4MFxcXC8yNzAzOV9lYWdsZTIuanBnXCIsXCJpZFwiOlwiY2Y1MjZlZjZiMmJk
--->NGFhMDkyNjNiNzY1OTE2YzgxNTlcIixcInVybF9pZHNcIjpbXCI4ZGM5OTg4YzBmOWRmOTVjNWI3YmQ4N2ZjYmU5MTdkM2YwZjZiZDY5XCJdfSJ9">http
--->://orders.newsfilecorp.com/files/5280/27039_eagle2.jpg</a></p><p>CEO Richard Clark's 2016 compensation of $778,646 is
--->a significant part and representative of Eagle's cost problems. The chart to the left illustrates his compensation as
--->a percentage of Eagle's market capitalization. Shockingly, on this basis, his compensation is six times the average of
---> other CEOs at comparable companies. <b><br />This is not acceptable.</b></p><p>The existing board granted 1.66 millio
--->n shares (in the form of Restricted Share Units and Performance Share Units) to the management group and themselves in
---> 2016. To put that in perspective, Eagle's board gave themselves and management the equivalent of approximately 4% of
---> the company - for free - while YOU, the true owners of Eagle, suffered losses.<b> </b><b>This is not acceptable.</b><
--->b></b></p><p><b>Expensive and Onerous Debt</b></p><p>In its information circular, management continues to highlight it
--->s satisfaction with the White Oak term loan. We find it shocking that any company could be satisfied with a <b>debt th
--->at is three times its market capitalization and with interest rates that are more than double those of a conventional
--->bank facility</b>. Management describes the benefit of a 4 year loan, but not surprisingly fails to mention that after
---> only one month, the financial covenants contained in the agreement were amended without explanation to shareholders,
--->leaving us to conclude there were in fact, serious concerns about a potential breach. Management states that "The cove
--->nants under the new loan are not materially different than they were under the old loan." However, they fail to acknow
--->ledge that interest payments under the new loan will nearly triple to about $7 million annually. The loss of this cash
---> flow affects the covenants significantly. <b>We are worried that the financial covenants within the loan agreement ma
--->y become problematic as soon as August 2017. This is not acceptable.</b></p><p>We are shocked that Eagle is hiding beh
--->ind a standard financial covenant in the White Oak loan agreement as a reason to entrench the current board. Citing th
--->is change of control covenant as a reason to discourage shareholders from supporting our director nominees is <b>compl
--->etely irresponsible and evidence of Eagle's failed leadership.</b> We have carefully reviewed the loan agreement, incl
--->uding the change of control definition, with our legal counsel. We would expect that, in the event that the Concerned
--->Shareholder director nominees are successful, the current Eagle board would work cooperatively with us to ensure a smo
--->oth transition that would result in ongoing compliance with the loan agreement. However, in the event the current Eagl
--->e board disregards its fiduciary responsibilities, we have numerous options available to us to effectively manage the
--->White Oak term loan. <b>Citing the change of control provision in its information circular is simply fear mongering by
---> Eagle and is only evidence of their desperation.</b><b> This is not acceptable.</b></p><p><b>Concerned Shareholders'
--->Plan</b></p><p><b>On March 4, the Concerned Shareholders announced a plan that will fix Eagle's overhead and debt prob
--->lems. </b>Our plan is intended to fix problems in the short term and maximize value in the long term. This long-term o
--->bjective cannot be accomplished if Eagle has an unsustainable overhead burden and a crushing level of expensive debt.
---><b>The oil & gas business today requires efficiency in all aspects of the business, especially cost structure. </b
--->></p><p>Unlike Eagle's plan, our plan will fix Eagle's overhead and debt problems. In order to achieve this critical o
--->bjective, assets will have to be sold, but certainly not at fire sale prices as suggested in Eagle's information circu
--->lar. Eagle has high quality assets. We have been in contact with the most reputable acquisition and divestiture firms
--->in Canada and the US. <b>We believe any one of Eagle's main assets could be sold for a premium to Ea gle's current cor
--->porate valuation.</b></p><p>Once Eagle's overhead and debt problems are fixed, the new board will quickly focus on the
---> long-term. No alternative will be ignored. A more efficient cost structure and a repaired balance sheet will support
--->both organic growth and corporate development. It may be possible to achieve the most value by merging with another co
--->mpany. Any cost savings achieved by efficiency gains and cheaper access to capital would effectively flow to sharehold
--->ers in this scenario. <b>Daniel Gundersen and the new board will be agents of positive change for shareholders. </b><b
--->>OUR PLAN IS A LOW-RISK PLAN THAT IS IN THE BEST INTERESTS OF ALL EAGLE SHAREHOLDERS. IT IS A PLAN DEVELOPED TO MAXIMI
--->ZE SHAREHOLDER VALUE.</b></p><p><b>Concerned Shareholders' Board Nominees</b></p><p><b>Contrary to the claims made by
--->Eagle management, our board nominees are highly qualified.</b> <b>Dan Gundersen, Gerry Gilewicz and Brad Porter</b><b>
---> have significant oil & gas experience, including </b><b>the management, operation, and acquisition and divestitur
--->e of assets in Canada and the United States.</b><b> </b><b>Rob Fong has significant financial, regulatory and governan
--->ce experience with public oil & gas</b><b></b><b> </b><b>companies in Canada.</b> As a group, they are committed t
--->o shareholders. They are also a more conservative group. Unlike Eagle's current board that is comfortable with a highl
--->y-leveraged company reliant on a high-risk drilling program, this group believes a low risk plan to sell assets, reduc
--->e overhead and pay down debt is the right plan. <b>Remember, David Fitzpatrick and Warren Steckley have histories of i
--->nvolvement with companies that have undergone bankruptcies and formal insolvencies (see page 10 of Eagle's information
---> circular). </b><b>We have no such appetite for risk. It is not in the best interests of shareholders.</b></p><p><b>Co
--->ncerned Shareholders' Motives</b></p><p>Eagle's information circular wrongly questions the experience, talent, and mot
--->ives of the Concerned Shareholders. Regarding <b>Daniel Gundersen</b>, we highlight director nominee Bradley Porter's
--->recent comments: "Having worked directly with Mr. Gundersen as management for three successful publicly-traded oil 
--->8; gas exploration and production companies in the period of 2002 through 2010, I can personally vouch for his integri
--->ty, competence, and work ethic. <b>All shareholders will be well-served and reap the benefit of his dedication</b>." E
--->agle has described Mr. Gundersen as an opportunist. This is absurd. In early 2016, Mr. Gundersen and his fellow Maple
--->Leaf Royalties Corp. shareholders received 7.7 million Eagle shares. These shares have since lost substantial value. <
--->b>Mr. Gundersen has every right to be a very disappointed and a very concerned shareholder of Eagle.</b></p><p><b>King
--->sway </b>is a publicly listed merchant bank with offices in Toronto and Itasca, Illinois. The market capitalization of
---> Kingsway is approximately $200 million. Its shares are listed on the TSX and NYSE under the symbol KFS. Larry Swets i
--->s the Chief Executive Officer and owns 9% of Kingsway. Before joining Kingsway, Mr. Swets founded Itasca Financial LLC
--->, an advisory and investment firm specializing in the insurance industry. He is a Chartered Financial Analyst (CFA) ch
--->arterholder.</p><p>Kingsway is a value investor in the tradition of Benjamin Graham. It strongly believes that the bes
--->t investments arise at the extremes of market cycles. Because of low oil prices, Kingsway has identified energy as a v
--->ery positive investment opportunity. In early 2016, it acquired certain oil & gas operating assets in Texas. In la
--->te 2016, Mr. Swets was introduced to Mr. Gundersen and his opinions regarding the potential of Eagle. Kingsway later m
--->ade its initial investment in Eagle and could increase that investment if it had confidence in the direction of the Co
--->mpany. </p><p><b>Eagle has described Kingsway as a short-term investor</b>. This is <b>an incorrect and</b> <b>mislead
--->ing conclusion.</b> Larry Swets' 2016 letter to Kingsway shareholders highlights this issue. He wrote, <b>"</b><b>King
--->sway focuses on building long-term value </b>by compounding capital with investments/acquisition/financings that offer
---> asymmetric risk/reward potential with a margin of safety supported by private market values using a merchant banking
--->approach".</p><p><b>Eagle has said Kingsway has suspect motives. </b><b>Like Benjamin Graham, Kingsway is also an inve
--->stor that will not tolerate mismanagement or a lack of shareholder alignment. </b><b>Kingsway does not</b><b> back dow
--->n from this. It is proud of this fact.</b> After ignoring its shareholders for years, it must be difficult for existin
--->g Eagle management to accept a <b>shareholder demand for competent management, shareholder alignment, and reasonable g
--->overnance practices.</b></p><p><b>The Proxy to Vote is </b><b><u>BLUE</u></b></p><p>Time is of the essence. Your Compa
--->ny is at a crucial juncture and your vote is important, regardless of how many shares you own.</p><p><b>We urge you to
---> save your investment and vote for change by voting FOR the Concerned Shareholder nominees on the </b><b><u>BLUE</u></
--->b><b> Proxy today. Ensure that your vote is </b><b><u>FOR</u></b><b> Daniel Gundersen, Robert Fong, Gerald Gilewicz, a
--->nd Bradley Porter.</b></p><p>Voting is a quick and simple process. Your BLUE proxy must be received well in advance of
---> the deadline of 9:00 a.m. (Calgary time) on June 23, 2017. Due to the limited time available, we recommend voting by
--->internet, telephone or fax today or no later than 24 hours before the deadline. Visit our website <b><u><a href="https
--->://mandrillapp.com/track/click/30568383/www.SaveEagle.ca?p=eyJzIjoia3R3eEZtbWhJdDF2YlhNRXk4TlpyYy03UUpnIiwidiI6MSwicCI
--->6IntcInVcIjozMDU2ODM4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwOlxcXC9cXFwvd3d3LlNhdmVFYWdsZS5jYVwiLFwiaWRcIjpcImNmNTI2ZWY2YjJiZ
--->DRhYTA5MjYzYjc2NTkxNmM4MTU5XCIsXCJ1cmxfaWRzXCI6W1wiMmFhMjAxNzk4MzlkNjU3YThmNzA1NzNlY2Q4NDEwMmFkNGJhMzJmNFwiXX0ifQ" tar
--->get="_blank">www.SaveEagle.ca</a></u></b><b> </b>where you can vote. Shareholders with questions or who require any as
--->sistance in executing their proxy or voting instruction form, please call D.F. King Canada at: North American Toll Fre
--->e Number: 1-800-398-2816 Outside North America, Banks, Brokers and Collect Calls: 1-201-806-7301. Email: <b><u><a href
--->="mailto:inquiries@dfking.com">inquiries@dfking.com</a></u></b></p><p><b>Your vote is extremely important. Every share
---> counts to ensure change is implemented to save your Company. Eagle shareholders should disregard any materials receiv
--->ed from management and vote only the </b><b><u>BLUE</u></b><b> proxy today.</b></p><p>Sincerely,</p><p><u>Signed "Dani
--->el Gundersen"</u> <br />Concerned Shareholder </p><p><u>Signed "Larry Swets"</u><br />CEO, Kingsway Fin
--->ancial Services Inc.<br />Concerned Shareholder</p><p><b>C</b><b>ontacts</b></p><p>Daniel Gundersen<br />403-852-4423<
--->br /><a href="mailto:dan@SaveEagle.ca">dan@SaveEagle.ca</a></p><p>Larry G. Swets Jr.<br />630-290-2432</p><p>Jack Muir
---><br /><a href="mailto:jackmuir@cogencygroup.ca">jackmuir@cogencygroup.ca</a><br />604-836-8782</p><p>DF King<br />1-80
--->0-398-2816 (toll free within North America)<br />Email: <a href="mailto:inquiries@dfking.com" class="ApplyClass">inqui
--->ries@dfking.com</a></p><p>The Concerned Shareholders have hired Norton Rose Fulbright Canada LLP as their legal counse
--->l, Cogency Group Partners Inc. as their financial advisor and D.F. King as its proxy advisor and proxy solicitation ag
--->ent. </p><p><b>ADDITIONAL INFORMATION</b></p><p>The Concerned Shareholders have filed the Circular containing the info
--->rmation required by Form 51-102F5 - <i>Information Circular</i> in respect of the nominees of the Concerned Shareholde
--->rs, which is available on Eagle's profile on SEDAR at <u><a href="https://mandrillapp.com/track/click/30568383/www.sed
--->ar.com?p=eyJzIjoiYTgyRkVUMVhSQnUydGs5dXFUUW1MeXVqWmhnIiwidiI6MSwicCI6IntcInVcIjozMDU2ODM4MyxcInZcIjoxLFwidXJsXCI6XCJod
--->HRwOlxcXC9cXFwvd3d3LnNlZGFyLmNvbVwiLFwiaWRcIjpcImNmNTI2ZWY2YjJiZDRhYTA5MjYzYjc2NTkxNmM4MTU5XCIsXCJ1cmxfaWRzXCI6W1wiNTI
--->5ZTRlN2QxNGY2NzA4M2I0NTZhZWFhN2YwOGE5MWMzZjM3Y2I0YVwiXX0ifQ" target="_blank">www.sedar.com</a></u>.</p><p><b>This soli
--->citation is being made by the Concerned Shareholders, and not by or on behalf of the management of Eagle.</b> Solicita
--->tions may be made by or on behalf of the Concerned Shareholders, by mail, telephone, fax, email or other electronic me
--->ans, and in person by directors, officers and employees of the Concerned Shareholders or their proxy advisor D.F. King
---> or by the nominees of the Concerned Shareholders.. All costs incurred for any solicitation will be borne by the Conce
--->rned Shareholders, provided that, subject to applicable law, the Concerned Shareholders may seek reimbursement from Ea
--->gle of the Concerned Shareholders' out-of-pocket expenses, including proxy solicitation expenses and legal fees, incur
--->red in connection with a successful reconstitution of the board of directors. Pursuant to the agreement with D.F. King
--->, for its solicitation services, D.F.King would receive approximately $170,000 plus standard per call fees and out of
--->pocket disbursements.</p><p>If you are the registered holder of your Common Shares, you may revoke a proxy previously
--->given: (a) by completing and signing a valid form of proxy bearing a later date and returning it in accordance with th
--->e instructions contained in the accompanying <b><u>BLUE</u></b> form of proxy or as otherwise provided in the Circular
--->; (b) by depositing an instrument in writing executed by a registered holder of Common Shares or by a registered holde
--->r's attorney authorized in writing (or, if the registered holder of Common Shares is a corporation, by a duly authoriz
--->ed officer or attorney) and deposited either at the principal business office of the Eagle (2710, 500 - 4th Avenue S.W
--->., Calgary, Alberta T2P 2V6) at any time up to and including 5:00 p.m. (Calgary Time) on the last business day precedi
--->ng the day of the Meeting; (c) by attending the Meeting and reporting to the desk of Computershare Investor Services I
--->nc. to sign in and revoke any proxy previously given; or (d) in any other manner permitted by law.</p><p>Eagle's princ
--->ipal business office is 2710, 500 - 4th Avenue S..W., Calgary, Alberta T2P 2V6. A copy of this press release may be ob
--->tained on Eagle's SEDAR profile at <u><a href="https://mandrillapp.com/track/click/30568383/www.sedar.com?p=eyJzIjoiYT
--->gyRkVUMVhSQnUydGs5dXFUUW1MeXVqWmhnIiwidiI6MSwicCI6IntcInVcIjozMDU2ODM4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwOlxcXC9cXFwvd3d3
--->LnNlZGFyLmNvbVwiLFwiaWRcIjpcImNmNTI2ZWY2YjJiZDRhYTA5MjYzYjc2NTkxNmM4MTU5XCIsXCJ1cmxfaWRzXCI6W1wiNTI5ZTRlN2QxNGY2NzA4M2
--->I0NTZhZWFhN2YwOGE5MWMzZjM3Y2I0YVwiXX0ifQ" target="_blank">www.sedar.com</a></u>.</p></div><img src="https://mandrillap
--->p.com/track/open.php?u=30568383&id=cf526ef6b2bd4aa09263b765916c8159" height="1" width="1"></body></html><p>If you no l
--->onger want to receive messages from us <a href="https://mandrillapp.com/track/click/30568383/orders.newsfilecorp.com?p
--->=eyJzIjoiaUpnZWFUQk9VakdBdl81U0NfMzJtSUUwNEZBIiwidiI6MSwicCI6IntcInVcIjozMDU2ODM4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwOlxcX
--->C9cXFwvb3JkZXJzLm5ld3NmaWxlY29ycC5jb21cXFwvdW5zdWJzY3JpYmUuYXNweD9pZD1uZXdzQHN0b2Nrd2F0Y2guY29tJnRva2VuPWFiM2I4ODE4ZWR
--->hNzUwNjc2NWJkMGYyYzZkZWVjZTg3JmNpZD01MjgwXCIsXCJpZFwiOlwiY2Y1MjZlZjZiMmJkNGFhMDkyNjNiNzY1OTE2YzgxNTlcIixcInVybF9pZHNcI
--->jpbXCI2OGU1OGYxOWE5YmM3YTYxODRkOWU0ZjZlYTAwMDJiNmRiODMzZDMwXCJdfSJ9">click here to unsubscribe</a>.</p>
© 2024 Canjex Publishing Ltd. All rights reserved.