Albanian Ministry withdraws Velca Block license

CALGARY (May 1, 2019)—Pennine Petroleum Corporation (TSX-V: PNN) (“Pennine” or “the Company”) has received a letter from the Albanian Ministry of Infrastructure and Energy’s National Agency of Natural Resources (AKBN) announcing it has withdrawn the Velca Block license from the Production Sharing Agreement between Albpetrol Sh. A. and Pennine.

The Company is currently investigating opportunities with a focus on producing assets with strong development potential in stable political and pricing regimes in Canada and abroad.

See the full news release in PDF format