Petromin Receives Advance Notice of Dissident Nominees; Announces New Date for Shareholder Meeting

VANCOUVER, Nov. 18, 2015 /CNW/ - Petromin Resources Ltd. ("Petromin" or the "Company") announces that pursuant to its advance notice policy announced on September 2, 2015, it has received advance notice of four dissident director nominees who will be put forward for election at its upcoming special and annual general meeting of shareholders (the "Shareholder Meeting").  Mr. Ivano DeCotiis has advised that he intends to put forward himself, Tyrone Daum and Francis Landingin for election as directors of the Company.  The Company has also received a separate nomination package from Mr. William Tajcnar, who has advised that he intends to nominate Christian Brule for election as a director of the Company.  In order to provide adequate time for shareholders to make an informed decision regarding the election of directors, the Company has postponed the date for the Shareholder Meeting from December 15, 2015 to December 29, 2015.  The record date for the Shareholder Meeting remains unchanged at November 12, 2015.  The Company will be providing shareholders with a management information circular in advance of the Shareholder Meeting, which will outline the Company's voting recommendations to shareholders, including with respect to director nominees.  The dissident nominees have not advised whether they intend to provide a dissident proxy circular. 

About Petromin

Petromin Resources Ltd. (TSXV: PTR) is an oil and natural gas exploration and production company listed as a Tier 1 issuer on the TSX Venture Exchange. The Company is currently focused on its core operations, which include four oil and natural gas producing properties in central Alberta, Canada along the Western Canada Sedimentary Basin.

For further information please refer to the Company's profile on SEDAR which can be accessed at www.sedar.com or visit our website at www.petromin.ca. 

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.

FORWARD LOOKING STATEMENTS

This press release contains forward looking statements within the meaning of applicable securities laws.  The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements.  In particular, any statements regarding future acts or circumstances relating to the Shareholder Meeting are forward looking statements.  Although Petromin believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because Petromin cannot give any assurance that they will prove correct.  Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties.  Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks.  

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on Petromin's future operations.  Petromin's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits Petromin will derive from them.  These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Petromin disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

SOURCE Petromin Resources Ltd.

PETROMIN RESOURCES LTD., Suite 550 - 800 West Pender Street, Vancouver, BC Canada V6C 2V6, T: 604-682-8831, F: 604-682-8683, [email protected]