Oyster Oil and Gas Ltd. Announces Interim Financing

VANCOUVER, BC / ACCESSWIRE / May 13, 2016 / Oyster Oil and Gas Ltd. ("Oyster" or the "Company") announces that it has arranged interim finance in the form of debt for an aggregate of the equivalent of Cdn$110,000 from related parties (the "Financings"). The Financing consists of four unsecured promissory notes, due September 30, 2016 and bearing interest at 5% per annum. The collective Financings will be used to fund ongoing work and the working capital requirements for the Company.

About Oyster Oil and Gas Ltd.

Oyster is an upstream oil and gas company with a focus on Eastern Africa. Oyster holds production sharing contracts interests with the Government of Djibouti and the Government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti; and holds a working interest in an onshore block in Madagascar covering approximately 2.8 million acres.

For further information please contact:

Emily Davis, Corporate Secretary
Tel: (604) 628-5616
Fax: (604) 662-7950

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Oyster Oil and Gas Ltd.