Montana Exploration Corp. (TSXV:MTZ) acquired 46,000 Undeveloped Acres on Shaunavon Oil Trend for $0.7 million on October 20, 2015. The consideration is comprised by $0.2 million in cash and $0.5 million in Montana Exploration Corp. common shares issued. The cash component will be provided by a controlling shareholder of Montana Exploration Corp. in consideration of a $0.2 million note maturing August 15, 2015.

Montana Exploration Corp. (TSXV:MTZ) completed the acquisition of 46,000 Undeveloped Acres on Shaunavon Oil Trend on October 20, 2015.