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TSX Delisting Review – Pacific Exploration & Production Corporation (PRE)

April 19, 2016

DELISTING REVIEW Pacific Exploration & Production Corporation (the "Company") – Further to Bulletin #2016-0391 dated April 18, 2016 TSX is now reviewing the common shares (Symbol: PRE) (the "Shares") of the Company with respect to meeting the requirements for continued listing pursuant to the Expedited Review Process. The Shares are suspended from trading immediately.

About TMX Group (TSX: X)

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.