TOSCANA ENERGY CONFIRMS FEBRUARY DIVIDEND

TORONTOFeb. 17, 2015 /CNW/ – Toscana Energy Income Corporation (“Toscana Energy” or the “Company”) (TSX: TEI) confirms the cash dividend of $0.135 per common share (or the equivalent of $0.405 per common share on a quarterly basis) of the Company (“Common Share“) to be paid on March 16, 2015 in respect of February 2015 production of the Company for shareholders of record on February 27, 2015.  The ex-dividend date is February 25, 2015.  Once paid, total cash dividends distributed by the Company to holders of Common Shares during the 2015 calendar year will be $0.270 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.

SOURCE Toscana Energy Income Corporation

 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