Mr. Doug Bartole reports

INPLAY OIL CORP. ANNOUNCES RENEWAL OF CREDIT FACILITY

InPlay Oil Corp. has completed the annual renewal of its syndicated senior credit facility.

InPlay's senior credit facility has been renewed at $110-million, comprising a $95-million revolving facility and a $15-million operating line of credit. The borrowing base of the senior credit facility has been reconfirmed at $110-million and the termout date extended to June 30, 2024, with a maturity date of June 30, 2025.

This renewed lending facility provides InPlay a position of stable financial liquidity, allowing the company to execute its capital program and continue its strategy of returning capital to shareholders and providing a competitive advantage to capitalize on potential strategic acquisitions opportunities.