Stamper Oil & Gas Corp. Signs Option on Production and Exploration Blocks in Colombia - Seite 2

Option Agreement Terms

Stamper will earn its 75% interest in the Concession by making the necessary phase one expenditures. Stamper will hold in trust, 90% interest in all further work completed on the Concession until it earns one and one-half time (1 1/2) invested capital after which time it would retain 75% interest.

Subject to satisfactory completion of due diligence by the Company, Stamper and Green Power will execute a Heads of Agreement (the "HOA") which will provide the groundwork for a Definitive Agreement which would be completed within 45 days after the Due Diligence period. Upon the execution of the Definitive Agreement, Stamper will prepare an updated 51-101 on the Concession.

The Option Agreement and final Definitive Agreement are subject to the acceptance of the transaction by the TSX Venture (the "TSX.V") including the satisfaction of any conditions imposed thereon by the TSX.V.

David Greenway, President of Stamper commented, "We believe Colombia is a jurisdiction where our shareholders could realize significant returns on their investment dollars. The government of Colombia has pro-business policies and favourable regulatory schemes with regards to the oil and gas extraction industry. The country has also seen a massive reduction in terms of security risks and social unrest under the current administration and in light of the peace deal signed last year between FARC and the Colombian government. I am very pleased with the signing of the option agreement as a first step in building shareholder value of Stamper. With oil pricing getting stronger and economy and oil market improving overall the company feels posed to make a financial impact in rest of 2017."

About Stamper Oil & Gas Corp.

Stamper Oil & Gas Corp. (TSX.V:STMP) is an independent international oil and gas company, engaged in the acquisition, exploration and development of conventional oil and natural gas properties. The Company plans to identify and build out a portfolio of high-impact oil and gas prospects, with a focus on Latin America. Stamper is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.

For further information on Stamper Oil & Gas Corp. please visit www.stamperoilandgas.com

ON BEHALF OF THE BOARD OF DIRECTORS

"David C. Greenway"
President & Director 

Neither 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.