Manitok Energy Inc. and Questfire Energy Corp. Announce an Extension to the Outside Date to Complete the Arrangement

/THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./

CALGARY, Oct. 31, 2017 /CNW/ - Manitok Energy Inc. ("Manitok") (TSXV: MEI) and Questfire Energy Corp. ("Questfire") (TSXV: Q.A) are pleased to announce that they have entered into an amending agreement amending the Arrangement Agreement dated July 5, 2017, as amended effective September 15, 2017 between Manitok and Questfire to extend the outside date for completion of the previously announced plan of arrangement among Manitok, Questfire and shareholders of Questfire (the "Arrangement") to November 30, 2017. Both companies continue to diligently work towards closing the Arrangement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Manitok Energy Inc.

about the matters referred to in this Press Release, please contact: Manitok Energy Inc., Massimo M. Geremia, President, Chief Executive Officer and Director, [phone]; Questfire Energy Corp., Richard H. Dahl, President, Chief Executive Officer and Director, [phone]