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Toscana Energy Announces Correction to Ex-Dividend Date for August Dividend

CALGARY, Alberta, Aug. 20, 2015 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX:TEI) announces a correction to the ex-dividend date for its previously announced August 2015 dividend of $0.10 per common share of the Company to be paid on September 15, 2015. The ex-dividend date will be August 27, 2015 (rather than August 28, 2015 as previously announced). The record date of August 31, 2015 and dividend payment date of September 15, 2015 remain unaffected. This dividend is an eligible dividend for purposes of the Income Tax Act (Canada).

About Toscana Energy Income Corporation

Toscana Energy is a conventional oil and gas producer with the mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation. Toscana Energy is managed by Sprott Toscana through Toscana Energy Corporation. Sprott Toscana is a member of the Sprott Group of Companies.

For further information, please visit our website at www.sprott-toscana.com or contact:

Joseph S. Durante, Chief Executive Officer

Tel: (403) 410-6793

Fax: (403) 444-0090

Source: Toscana Energy Income Corporation

Source:Toscana Energy Income Corporation