PENNINE PETROLEUM CORPORATION INITIATES CASTOR WELL RECOMPLETION

Pennine Petroleum Corporation (TSX Venture: PNN or “the Corporation”) is pleased to announce that, further to the previous news release of September 5, 2014, concerning the Corporation’s closing of a non-brokered Private Placement and focus on well recompletions, the Corporation, subject to access and regulatory permitting, is anticipating to be on location at the Castor 2-22 wellsite within a week to complete and pipeline the potential production of natural gas from the Mannville zone.

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