Painted Pony Announces Director Appointment

CALGARY, Oct. 11, 2016 /CNW/ - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX: PPY) is pleased to announce Joan E. Dunne has been appointed to the Painted Pony Board of Directors effective October 7, 2016.

Ms. Dunne brings more than 30 years of experience in financial and strategic capacities within the upstream oil and natural gas sector. Ms. Dunne currently serves as a Director of Tundra Oil & Gas Limited and as a Director of Sprott Resource Corp.  She also serves on the Board of Directors of the newly formed Capital Markets Authority Implementation Organization. This board is intended to be appointed to the Capital Markets Regulatory Authority board upon its establishment. Ms. Dunne also serves on two of CPA Canada's committees: she co-chairs and is a member of the Canadian Performance Reporting Board and she chairs the Small Company Advisory Group.

During the course of her career, Ms. Dunne was Vice President, Finance and Chief Financial Officer of True Energy Trust / True Energy Inc. and of Ionic Energy Inc. and held senior financial positions with Petrorep Resources Ltd. and Barrington Petroleum Ltd.  Ms. Dunne was a founder and Vice President, Finance and Chief Financial Officer of Painted Pony before retiring from that role in September 2013.

A graduate of the University of Calgary (B. Comm), Ms. Dunne is also a member of the Chartered Professional Accountants of Alberta (CPA, CA) and has an ICD.D designation from the Institute of Corporate Directors.

ABOUT PAINTED PONY
Painted Pony is a publicly-traded natural gas Corporation based in Western Canada.  The Corporation is primarily focused on the development of natural gas and natural gas liquids from the Montney formation in northeast British Columbia.  Painted Pony's common shares trade on the Toronto Stock Exchange under the symbol "PPY".

SOURCE Painted Pony Petroleum Ltd.

Patrick R. Ward, President and CEO, [phone]; John H. Van de Pol, Senior Vice President and CFO, [phone]; Jason Fleury, Director, Investor Relations, [phone]; [email protected], www.paintedpony.ca