Razor Energy Corp. Announces 2018 Corporate Budget and Guidance

CALGARY, ALBERTA--(Marketwired - Jan. 22, 2018) - Razor Energy Corp. ("Razor" or the "Company") (TSX VENTURE:RZE) (www.razor-energy.com) is pleased to announce that its Board of Directors (the "Board") have approved an acquisition, development and operations budget of $38.4 million for fiscal 2018. The diversity of the budget provides for capital allocation towards highly economic production growth in addition to long term operational and technological investments in power generation and oilfield information technology.

With exit 2017 production of approximately 4,700 boe/d, the 2018 budget anticipates an exit in excess of 5,400 boe/d resulting in top tier production growth rates of over 15%.

2018 BUDGET

Capital expenditures are expected to be allocated as follows:

Kaybob area drilling	$12.8 million
Reactivations, workovers and stimulations	$8.2 million
Other (natural gas power, oilfield IT, other)	$8.6 million
Land and other acquisitions	$5.9 million
End of life expenditures	$2.9 million

The development drilling program includes eight deviated wells targeting the oil prone Montney formation within the Company's recently consolidated prolific Kaybob South Triassic A Pool.

Reactivations, workovers and stimulations include activities in both the Swan Hills and Kaybob areas. Also included are certain injection management activities of existing waterfloods which will complement current production levels while enhancing long term recoveries of oil in place.

Razor continues to address operating costs through heightened field efficiencies and capital investment. In 2018, capital investment in the operating function will include the design, purchase, and installation of natural gas fired power generation units in Swan Hills. In addition, a significant upgrade to the Swan Hills oilfield information system will provide considerable near and long-term enhancements. This project will positively impact operational awareness, preventative maintenance, personnel safety, and environmental protection through actionable and predictive analytics.