Toscana Energy Provides Update to Normal Course Issuer Bid

CALGARY, Alberta, April 11, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX:TEI) today provides an update to its Normal Course Issuer Bid (the "Bid") previously announced on May 18, 2017. Effective April 11, 2018, Canaccord Genuity Corp. will be replacing National Bank Financial Inc. as the broker firm responsible for making purchases of common shares in the capital of Toscana ("Common Shares") under the Bid on behalf of Toscana. Pursuant to the rules of the Toronto Stock Exchange, purchases under the Bid are permitted to commence at the opening of the markets on April 16, 2018 and the Bid will terminate on the earlier of: (a) the date on which the maximum number of Common Shares are purchased pursuant to the Bid; and (b) May 22, 2018.

About Toscana Energy Income Corporation

Toscana Energy Income Corporation 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.

For further information, please 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