Zedcor Energy Inc. Announces Changes to Senior Leadership Team

CALGARY, Oct. 16, 2018 /CNW/ - Zedcor Energy Inc. (the "Company" or "Zedcor") (TSX VENTURE: ZDC) announces that Mr. Ken Olson has resigned as Chief Financial Officer of the Company. The Board of Directors (the "Board") wish to thank Mr. Olson for his dedication and valuable contributions to the Company and wish him well in his future endeavors.

The Board is pleased to announce that effective immediately, Ms. Kim Cotter has been appointed Chief Financial Officer.  Ms. Cotter has been with Zedcor in the role of Corporate Controller since February 2016 and has 15 years of financial experience. Ms. Cotter holds a CPA-CA designation.

The Board also announced the following changes to the Company's senior leadership team to more effectively align the Company in support of its business strategy:

• Mr. Ian McKinnon has been appointed Chairman of the Board
• Mr. Todd Ziniuk has been appointed President in addition to his current position as Chief Operating Officer

Mr. Dean Swanberg, Interim Chief Executive Officer stated "These individuals have made significant contributions to the Company since joining Zedcor and I am confident they will continue their excellent work in their new roles."

About Zedcor Energy Inc.

Zedcor Energy Inc. is a Canadian public corporation and parent company to Zedcor Energy Services Corp. ("Zedcor Corp."). Zedcor Corp. is engaged in the rental of surface equipment and accommodations to the Western Canadian Oil and Gas Industry. The Company trades on the TSX Venture Exchange under the symbol "ZDC".

Neither 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 Zedcor Energy Inc.

Dean Swanberg, Interim Chief Executive Officer, P: [phone], E: [email protected]