CALGARY, Aug. 15, 2017/CNW/ - TORC Oil & Gas Ltd. ('TORC' or the 'Company') (TSX:TOG) is pleased to confirm that a dividend of $0.02per common share will be paid on September 15, 2017to common shareholders of record on August 31, 2017. The ex-dividend date is August 29, 2017, with payment to be made in cash or common shares at the election of the shareholder. Any common shareholder choosing to receive common shares rather than cash must submit his or her share dividend authorization form no later than 4:30 p.m.(Calgarytime) on the fourth business day immediately prior to the record date for the declared dividend payment, being August 25, 2017. This dividend has been designated as an 'eligible dividend' for Canadian income tax purposes.

Share Dividend Program

TORC's Share Dividend Program enables common shareholders to elect to receive dividends in common shares at the weighted average trading price for the five days immediately prior to the payment date. Participation in the Share Dividend Program is optional and all fees associated with the Share Dividend Program will be paid by TORC.

For further information regarding the Share Dividend Program, please contact Computershare Investor Services at 1-800-564-6253 (toll free in Canadaand the United States) or 514-982-7555 (international direct dial).

TORC Oil & Gas Ltd. is a Calgarybased company active in the acquisition, exploration, development and production of crude oil and natural gas in Western Canada.

August 17, 2017

TORC Oil & Gas Ltd. published this content on 15 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 September 2017 10:18:09 UTC.

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