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TSX Delisting Review – Connacher Oil and Gas Limited (CLC)

May 20, 2016

DELISTING REVIEW Connacher Oil and Gas Limited (the "Company") – Further to TSX Bulletin 2016-0475 dated May 16, 2016, TSX has determined to delist the common shares (Symbol: CLC) (the "Shares") of the Company at the close of business on June 17, 2016 for failure to meet the continued listing requirements of TSX. The Shares will remain suspended from trading.

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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.