Press Release

Toscana Energy Reports Voting Results of Annual Meeting of Shareholders

CALGARY, Alberta, June 12, 2017 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX:TEI) held its annual meeting of shareholders on June 12, 2017 in Calgary, Alberta.  A total of 1,345,856 common shares ("Common Shares") of the Company, representing approximately 18.46% of Common Shares, were represented in person or by proxy at the meeting.

During the business proceedings at the meeting, shareholders approved resolutions fixing the number of directors to be elected at the meeting at six and appointing Deloitte LLP as the Company's auditors.

In addition, the six director nominees proposed by management were elected by ballot at the meeting.  Proxies and in person votes were received as follows:

Nominee Votes For Votes Withheld
  Number Percentage Number Percentage
Thomas Budd 1,268,680 98.90% 14,050 1.10%
Donald Copeland 1,276,894 99.55% 5,836 0.45%
Joseph Durante 1,213,333 94.59% 69,397 5.41%
John Festival 1,276,894 99.55% 5,836 0.45%
Martin Hislop 1,276,894 99.55% 5,836 0.45%
Brian Krausert 1,276,394 99.51% 6,336 0.49%
             

About Toscana Energy Income Corporation

Toscana Energy is a conventional oil and gas producer with the mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation.  Toscana Energy is managed by Sprott Toscana through Toscana Energy Corporation. Sprott Toscana is a member of the Sprott Group of Companies

For further information, please visit our website at www.sprott-toscana.com or contact:

Joseph S. Durante, Chief Executive Officer
Tel: (403) 410-6793
Fax: (403) 444-0090

Source: Toscana Energy Income Corporation

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