CALGARY, ALBERTA–(Marketwired – Sept. 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 October 14, 2016 to shareholders of record on September 30, 2016 with an ex-dividend date of September 28, 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