CALGARY, Feb. 5, 2016 /CNW/ - 1927297 Alberta Ltd. (the "Offeror") announced today that its offer (the "Offer") to purchase all of the outstanding common shares ("Shares") of Ironhorse Oil & Gas Inc. (TSXV:IOG) ("Ironhorse"), as varied and extended pursuant to a notice of variation and extension dated December 17, 2015, expired at 4:00 p.m. (Calgary time) on February 5, 2016. The Offer was conditional upon, among other things, a minimum tender condition which was not met. The Offeror will not take up any Shares deposited under the Offer and will return any Shares deposited under the Offer to the depositing Ironhorse shareholders.

This News Release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

SOURCE 1927297 Alberta Ltd.