Toscana Energy commences trading on Toronto Stock Exchange

CALGARY, Nov. 20, 2013 /CNW/ - Toscana Energy Income Corporation (TSX: TEI) ("Toscana Energy") is pleased to announce that it has received approval from the Toronto Stock Exchange ("TSX") to list the common shares in the capital of Toscana Energy ("Common Shares") and the 6.75% convertible unsecured subordinated debentures of Toscana Energy ("Convertible Debentures") on the TSX.  The Common Shares and Convertible Debentures of Toscana Energy will begin trading on the TSX effective November 22, 2013 and will continue to trade under the stock symbol "TEI" and "TEI.DB" respectively.  As a result of the graduation of Toscana Energy to the TSX, there will be no further trading in the Common Shares or Convertible Debentures of Toscana Energy on the TSX Venture Exchange after the close of trading on November 21, 2013, and the Common Shares and Convertible Debentures of Toscana Energy will be de-listed from the TSX Venture Exchange.

About Toscana Energy Income Corporation

Toscana Energy Income Corporation is a conventional oil and gas producer with the mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation.  Toscana Energy Income Corporation is managed by Sprott Toscana through Toscana Energy Corporation. Sprott Toscana is a member of the Sprott Group of Companies.

About Sprott Toscana

Sprott Toscana (formerly Toscana Merchant Group) is a team of Calgary-based energy specialists that manage three separate businesses: Toscana Energy Income Corporation (through Toscana Energy Corporation), Toscana Financial Income Trust and Maple Leaf Energy Income LPs. In July 2012, Toscana Merchant Group joined the Sprott Group of Companies when it was acquired by Sprott Inc. (TSX: SII), Canada's leading alternative asset manager and a global leader in resource investing.

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: Toscana Energy Income Corporation

please visit our website at www.sprott-toscana.com or contact:

Joseph S. Durante, Chief Executive Officer
Tel: [phone]
Fax: [phone]
E-Mail: [email protected]