PentaNova Energy Corp. Reports Purchase of Shares by Insider

VANCOUVER, Aug. 28, 2017 /CNW/ - PentaNova Energy Corp. (the "Company") (TSXV: PNO), announces that Mr. Giustra, director of the Company acquired 428,000 common shares of PentaNova Energy Corp. in the public market representing 0.18% of the issued and outstanding common shares of the Issuer.

As a result of the acquisition of securities described above, the Company has been advised that Mr. Giustra and his related entities now hold 17,642,913 common shares, representing 7.31% of the issued and outstanding common shares of PentaNova Energy Corp. and would own 24,881,663 common shares, representing 10% of the then issued and outstanding shares of the Company on a partially diluted basis, assuming the exercise of 5,238,750 warrants and 2,000,000 options held by Mr. Giustra and his related entities.

The Company has been advised that Mr. Giustra and his related entities acquired these securities for investment purposes and as disclosed in the Early Warning Report to be filed in conjunction with this news release, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.

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

SOURCE PentaNova Energy Corp.

PentaNova Energy Corp., Serafino Iacono, Executive Chairman & Director; PentaNova Energy Corp., Gregg Vernon, President, Tel: [phone], E-mail: [email protected]