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Pine Cliff Completes Acquisition of Core Area Assets and Provides Credit Facility Update

June 1, 2015

Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that the previously announced acquisition of oil and natural gas assets in both of its Southern core area and its Carrot Creek/Edson core area ("Carrot Creek/Edson Assets") in the Province of Alberta, has closed (the "Acquisition").

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Pine Cliff Energy Ltd. Announces Its First Quarter 2015 Results

May 12, 2015

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce its first quarter financial and operating results. Included in the filings were Pine Cliff's condensed consolidated interim financial statements and related management's discussion and analysis for the period ended March 31, 2015 (the "Q1-Report"). Selected highlights are shown below and should be read in conjunction with the Q1-Report.

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Pine Cliff Energy Ltd. Enters Into a $15.94 Million Agreement to Acquire Core Area Assets

April 20, 2015

Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that it has, in conjunction with Velvet Energy Ltd. ("Velvet"), entered into a purchase and sale agreement with a mid-size oil and gas producer (the "Agreement") to acquire oil and natural gas assets in both of its Southern core area ("Southern Assets") and its Carrot Creek/Edson core area ("Carrot Creek/Edson Assets") in the Province of Alberta (collectively, the "Assets") for cash consideration of $15.94 million, prior to any adjustments (the "Transaction").

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Pine Cliff Energy Ltd. Announces Fourth Quarter and Annual 2014 Results

March 19, 2015

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce its fourth quarter and year-end financial and operating results and the filing of its 2014 disclosure documents.

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Pine Cliff Energy Ltd. Announces 2014 Year-End Reserves

February 18, 2015

Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce its 2014 year-end reserves. Pine Cliff's independent reserve report was prepared by McDaniel & Associates Limited ("McDaniel") in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") with the effective date of December 31, 2014.

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Pine Cliff Energy Ltd. Grants Stock Options

November 14, 2014
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Pine Cliff Energy Ltd. Announces Third Quarter 2014 Results

November 12, 2014

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce its third quarter financial and operating results. Selected highlights are shown below and should be read in conjunction with the Company's interim condensed consolidated financial statements and the related management's discussion and analysis for the three and nine months ended September 30, 2014 (the "Q3-2014 Report").

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Pine Cliff Completes Acquisition of Alberta and Southern Saskatchewan Natural Gas Assets

October 1, 2014

Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that the previously announced acquisition to acquire certain shallow natural gas assets in Alberta and Southern Saskatchewan for cash consideration of $100 million, prior to any adjustments (the "Acquisition"), has now closed. Concurrent with the closing of the Acquisition, Pine Cliff has increased its revolving credit facility to $70 million, of which $57 million is currently drawn.

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Pine Cliff Energy Ltd. Completes $60,065,000 Common Share Offering

September 23, 2014

Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that it has closed its previously announced short form prospectus offering of 29,300,000 common shares (the "Common Shares") at a price of $2.05 per Common Share for gross proceeds of $60,065,000 (the "Offering").

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Pine Cliff Energy Ltd. Announces $60,065,000 Bought Deal Financing

September 2, 2014

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Corporation") (TSX VENTURE:PNE) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by FirstEnergy Capital Corp., GMP Securities L.P. and Haywood Securities Inc. and including Clarus Securities Inc., Paradigm Capital Inc., Canaccord Genuity Corp., National Bank Financial Inc., Altacorp Capital Inc., Jennings Capital Inc. and Scotia Capital Inc. (collectively the "Underwriters"), which have agreed to purchase, on a bought deal basis, 29,300,000 common shares (the "Common Shares") of the Corporation at a price of $2.05 per Common Share, for aggregate gross proceeds of $60,065,000 (the "Offering").

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