Butte Energy Inc. Announces Transfer to NEX Board

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

TSXV ticker symbol: BEN

CALGARY, Nov. 10, 2016 /CNW/ - Butte Energy Inc. (the "Company") (TSXV: BEN) announces today that effective with the opening of trading on Monday, November 14, 2016, the Company's common shares will commence trading on the NEX board of the TSX Venture Exchange ("TSXV") under the symbol BEN.H.

The Company has not maintained tier maintenance requirements for a TSXV Tier 2 issuer. Therefore, a transfer of the Company's listing to the NEX Board of the TSXV from Tier 2 of the TSXV Exchange will occur.

There will be no change in the Company's name, no change in its CUSIP number and no consolidation of capital. NEX is a separate board of the TSXV that provides a trading forum for publicly listed companies while they assess their business plans, operations, and formulate a strategy to reactivate their businesses for future growth.

Information Regarding the Corporation

The Corporation is an emerging oil and gas company engaged in the exploration for and development and production of oil and natural gas reserves in Western Canada.  The Corporation's common shares trade on the Exchange under the symbol "BEN".

Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as that term is defined under the policies of the TSX Venture Exchange) has neither approved nor disapproved of the contents of this press release.

SOURCE Butte Energy Inc.

please contact: Butte Energy Inc., Victor Redekop, Chairman, [phone]