PENNINE PETROLEUM CORPORATION SECURES CREDIT FACILITY FOR UP TO $1.0 MILLION

CALGARY, ALBERTA (Oct. 18, 2016) – Pennine Petroleum Corporation (TSX VENTURE: PNN or the “Corporation”) is pleased to announce that the Corporation has entered into a Credit Facility (“Credit Facility”) for up to C$1,000,000. Funds used as part of the Credit Facility will be used to advance certain oil and natural gas projects in Canada and Albania.

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