Pipestone Energy Corp. Appoints Chief Financial Officer

Calgary, Alberta – January 29, 2019

Pipestone Energy Corp. (“Pipestone Energy”) (TSX-V: PIPE) announces the appointment of Craig Nieboer as Chief Financial Officer to be effective February 11, 2019.

Mr. Nieboer has over 30 years of professional experience, including approximately 20 years in the Canadian and international oil and gas industries. He most recently served as Chief Financial Officer of TSX-listed CES Energy Solutions Corp. since 2008.

Mr. Nieboer is a Chartered Accountant with a Bachelor of Commerce degree from the University of Calgary.

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Pipestone Energy Corp. Files Financial Statements

CALGARY, Alberta, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Pipestone Energy Corp. (“Pipestone Energy”) (TSX-V: PIPE) announces that in accordance with the requirements of National Instrument 51-102 - Continuous Disclosure Obligations (“NI 51-102”) it has filed the unaudited interim financial statements for its predecessor Pipestone Oil Corp. (“POC”) for the three and nine month periods ended September 30, 2018. As Pipestone Energy was the “reverse takeover acquirer” (as defined in NI 51-102) of Blackbird Energy Inc. (“Blackbird”) in the amalgamation of POC and Blackbird pursuant to a series of steps under a plan of arrangement under section 193 of the Business Corporations Act (Alberta) completed on January 4, 2019 (the “Arrangement”), Pipestone is required to make this historical filing. The financial statements have been filed on SEDAR under Pipestone Energy’s profile at www.sedar.com. Readers are cautioned that these unaudited interim financial statements were prepared and approved by the POC board of directors in advance of the closing of the Arrangement and make no disclosure regarding the Arrangement, Blackbird’s results for the period or Blackbird’s assets contributed to the Corporation under the Arrangement.

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Blackbird Energy Inc. And Pipestone Oil Corp. Announce The Closing Of A Strategic Merger

Blackbird Energy Inc. (“Blackbird”) (TSX-V: BBI) and Pipestone Oil Corp. (“Pipestone Oil”) are pleased to announce that they have closed their previously announced business combination (the “Transaction”), which was completed by way of a plan of arrangement (the “Arrangement”). Concurrent with the Transaction, Blackbird and Pipestone Oil have closed equity financings totaling $111.0 million with certain existing shareholders and Pipestone Oil has arranged $198.5 million of debt financing (collectively, the “Financings”). The closing of the Transaction and Financings results in the strategic combination of two adjacent and contiguous Pipestone Montney land bases under a single well capitalized, high growth company that will operate under the name Pipestone Energy Corp. (“Pipestone Energy”).

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Blackbird Energy Inc. Receives Strong Shareholder Support for Strategic Combination With Pipestone Oil Corp.

CALGARY, Alberta, Dec. 19, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce that its shareholders (the “Blackbird Shareholders”) have approved the previously announced strategic combination of Blackbird and Pipestone Oil Corp. (the “Transaction”) at a special meeting held today, by a majority of over 99% of votes cast. The Blackbird Shareholders also approved the continuance of Blackbird from British Columbia into Alberta (the “Continuance”), which is necessary for the Transaction to proceed as proposed. The Transaction will result in the strategic combination of two adjacent and contiguous Pipestone Montney land bases under a single well-capitalized, high growth company that will operate under the name Pipestone Energy Corp. (“Pipestone Energy”).

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Blackbird Energy Inc. And Pipestone Oil Corp. Announce A Strategic Merger And $310 Million In Equity And Debt Financings To Form A Premier High Growth Pure-Play Condensate Rich Montney Company

Blackbird Energy Inc. (“Blackbird”) (TSX-V: BBI) and Pipestone Oil Corp. (“Pipestone Oil”) are pleased to announce that they have entered into an agreement (the “Arrangement Agreement”) dated October 29, 2018 that provides for the combination of Blackbird and Pipestone Oil (the “Transaction”). Concurrent with the Transaction, Blackbird and Pipestone Oil have entered into agreements with certain of their existing shareholders who have committed to common equity financings totaling $111.0 million and Pipestone Oil has arranged $198.5 million of debt financing (collectively, the “Financings”). The Transaction and Financings will result in the strategic combination of two adjacent and contiguous Pipestone Montney land bases under a single well-capitalized, high growth company that will operate under the name Pipestone Energy Corp. (“Pipestone Energy”).

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