CALGARY, ALBERTA–(Marketwired – July 15, 2016) – GRANITE OIL CORP. (“Granite“) (TSX:GXO)(OTCQX:GXOCF) is pleased to announce that a dividend of $0.035 per common share will be paid in cash on August 15, 2016 to shareholders of record on July 31, 2016 with an ex-dividend date of July 27, 2016. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes.

Granite Oil Corp.
Jonathan Fleming
E.V.P.
(587) 349-9118