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Toscana Energy Announces Appointment of Chief Financial Officer

CALGARY, Alberta, March 22, 2016 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX:TEI) is pleased to announce the appointment of Anand Ramnath as Chief Financial Officer of Toscana Energy effective March 18, 2016.

Mr. Ramnath has over 19 years of relevant accounting and financial reporting experience and has been the Interim Chief Financial Officer of Toscana Energy since July 31, 2015. Prior thereto Mr. Ramnath was the Manager of Corporate Reporting of Toscana Energy since 2013.

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