July 25, 2016 - 8:13 PM EDT
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Resignation of Director

(via Thenewswire.ca)

July 25, 2016 / TheNewswire / Halio Energy Inc. ("Halio" or the "Company") (TSXV - HOL), announces the resignation of Conrad Clemiss, former President of the Company, from the Board of Directors. The Company thanks him for his services and wishes him the best in his future endeavours.

ABOUT HALIO ENERGY:

Halio Energy Inc. (TSXV: HOL) plans to invests in North and South American-based oil and gas upstream and producing properties, and intend to procure direct working interests on a non-operated basis as well as limited partnership, joint venture, and MLP interests. Our proposed acquire-and-exploit strategy is focused on properties that show significant opportunities for future scalability, growth and consolidation, targeting assets that provide long-life, high-quality production with relatively predictable decline curves, as well as low-risk development opportunities.

The Board is reviewing its mineral exploration properties and strategies in connection with the new direction of the Company but no determination has been made at the current time.

ON BEHALF OF THE BOARD OF DIRECTORS
OF HALIO ENERGY INC.

Per: Misha L. Andric, Director

For further information, please contact:

Halio Energy Inc.
Telephone: 604-638-5817

Email: [email protected]

This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as statements that the Company intends to: (i) pursue a new business direction in the oil and gas industry; (ii) invest in conventional and unconventional oil and gas upstream and producing properties; and (iii) procure direct working interests on a non-operated basis as well as limited partnership, joint venture and MLP interests. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks inherent in the oil and gas industry in general; (iii) the inability of the Company to finance its growth; or (iv) the inability to identify and acquire suitable property interests. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.

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 release.

Copyright (c) 2016 TheNewswire - All rights reserved.


Source: TheNewsWire (July 25, 2016 - 8:13 PM EDT)

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