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Toscana Energy Confirms November Dividend

CALGARY, Alberta, Nov. 16, 2015 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX:TEI) confirms the cash dividend of $0.10 per common share (or the equivalent of $0.30 per common share on a quarterly basis) of the Company ("Common Share") to be paid on December 15, 2015 in respect of November 2015 production of the Company for shareholders of record on November 30, 2015. The ex-dividend date is November 26, 2015. Once paid, total cash dividends distributed by the Company to holders of Common Shares during the 2015 calendar year will be $1.205 per Common Share. 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:

CONTACT: Joseph S. Durante, Chief Executive Officer Tel: (403) 410-6793 Fax: (403) 444-0090

Source:Toscana Energy Income Corporation