WITH NON-BROKERED PRIVATE PLACEMENT OVERSUBSCRIBED, PENNINE FOCUSES ON WELL RE-COMPLETIONS

Pennine Petroleum Corporation (TSX Venture: PNN or “the Corporation”) is pleased to announce that, further to the previous news release of June 13, 2014 concerning the Corporation’s offering of a non-brokered Private Placement, the offering has been over-subscribed. The Corporation has received a letter of acceptance of filing of the documents required by the TSX Venture Exchange on September 03, 2014.

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